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The Southeast Asian Summit is happening online

Huge China-backed trade pact to be signed at Southeast Asian Summit

Once signed, the Regional Comprehensive Economic Partnership (RCEP) will be the world's largest trade pact in terms of GDP, according to analysts.

Nov 12, 2020

By Alice Philipson with Martin Abbugao in Singapore

GDP Japan South Korea

Asian markets mostly down as vaccine hope offset by virus surge

Hopes that a treatment for the killer disease will be rolled out as soon as this year put a rocket under stocks such as airlines.

Nov 12, 2020

By AFP News

Donald Trump New York

UPS welcomes diversity, allows delivery drivers to have beards and piercings

In their bid to tackle issues on diversity, bias and inclusion, the new guidelines will now allow its employees to sport afros and braids

Nov 11, 2020

By Nina Siena

Singles Day: China's shoppers splash the cash in world's biggest spending spree

As of Tuesday night, Alibaba platforms had already processed 372.3 billion yuan ($56.5 billion) in sales.

Nov 11, 2020

By Dan Martin

Amazon

Asia markets build on vaccine, Biden gains

With logistics proving a headache, the economic benefits from the vaccine likely will not be seen until the second half of next year, observers warned.

Nov 11, 2020

By AFP News

Devastating bacon shortage looms in wake of Denmark travel ban

With 25 percent of pork products being sold in the UK coming from Denmark, an extended travel ban could have many breakfast plates lacking a major staple on the table.

Nov 10, 2020

By Nina Siena

Singles Day 11.11 sale: Alibaba logistics to deploy 3 million people and 4,000 cargo planes and ships

Singles Day also known as 11.11 or Double 11 in China was originally a brainchild of online retailer Alibaba to celebrate the unattached.

Nov 10, 2020

By Nina Siena

Covid-19 jabs have instilled hopes of normalcy

Asia markets extend global rally on vaccine hope

The news provided a massive boost to investors who were already in a strong buying mood after Joe Biden's US election win at the weekend.

Nov 10, 2020

By AFP News

US Election

Equities rally after Biden is declared winner of US vote

While Trump is yet to concede, it is widely accepted that Biden will become the 46th president, removing a crucial hurdle for equity traders this year.

Nov 9, 2020

By AFP News

US Election

Wall Street set to open higher after Biden victory: futures

The Trump campaign has already mounted legal challenges in several states, but no evidence has emerged of any widespread irregularities that would affect the results.

Nov 9, 2020

By AFP News

Donald Trump US Election

Tesco gets nod for sale of Thailand supermarket business

The $10.6 billion sale to Thailand's biggest conglomerate was first flagged in March and also covers Tesco's operations in Malaysia.

Nov 7, 2020

By AFP News

Thailand

Stocks push south after week-long rally

The greenback is sitting at its lowest levels against the yen since the dark days of March when the virus began battering the world economy

Nov 6, 2020

By Ben Perry

WhatsApp takes on Google, Alibaba in India's phone payment battle

Zuckerberg hailed India's Unified Payments Interface which is used in the country to manage payment apps, with more than 140 Indian banks part of the network.

Nov 6, 2020

By AFP News

Facebook Mark Zuckerberg Google India

Chairman of the Federal Reserve Jerome Powell

Asian markets mixed after week-long rally, with eyes on US election

Analysts said Tuesday's election was good for equities as the expected Democratic sweep of Congress failed to materialise.

Nov 6, 2020

By AFP News

US Election Federal Reserve Donald Trump

Nintendo half-year net profit rockets 243.6%, forecasts revised up

The gaming industry has been one of the few sectors to thrive during the pandemic, with people turning to games to pass time while working from home.

Nov 5, 2020

By AFP News

Nintendo

Ant Group's shock IPO suspension hammers Alibaba shares

Thursday's planned listings would have been the world's biggest IPO, with both legs worth $34 billion.

Nov 4, 2020

By Dan Martin with Jerome Taylor in Hong Kong

Hong Kong

Global stocks surge, dollar slumps as Americans head to polls

The United States is in dire need of a fresh rescue package as the disease flares up again.

Nov 4, 2020

By Roland Jackson

Donald Trump Russia Vladimir Putin

Indians urged to eat more sweets to address troubling sugar surplus

While the average Indian consumes around 19kg of sugar a year, this is still well below the global average of 23 kg.

Nov 3, 2020

By Nina Siena

India

UK Covid lockdown 2.0: Supermarket shelves left empty amid fresh wave of panic buying

Supermarket shelves across the UK have been emptied of tinned goods, dried pasta and loo rolls despite reassurances of constant stocks

Nov 3, 2020

By Nina Siena

Asia tracks Wall Street rally as US election comes to a head

The US is in dire need of a fresh rescue package as the disease flares up again, threatening an already stuttering recovery in the world's top economy.

Nov 3, 2020

By AFP News

US Election White House Donald Trump Federal Reserve

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