People are leaving Hong Kong and here’s where they’re going

They stuck it out during the political protests of 2019. Then they lasted through nearly two years of pandemic. But this year, they say they’ve had enough. Residents of Hong Kong are leaving the city in droves in 2022 – not because they want to, several told CNBC, but because Covid restrictions and what they … Read more

China’s Pacific tour spurs hopes and fears in tiny island nations | Business and Economy News

At a carefully choreographed press conference in the Solomon Islands capital of Honiara, Chinese Foreign Minister Wang Yi made a promise that will be bookmarked by diplomats and analysts in capitals around the world. Beijing, he said, had “no intention” of building a military base in the Pacific nation. A month after China and the … Read more

China’s Pacific tour sparks hopes, fears in tiny island nations | Business and Economy News

At a carefully choreographed press conference in the Solomon Islands capital of Honiara, Chinese Foreign Minister Wang Yi made a promise that will be bookmarked by diplomats and analysts in capitals around the world. Beijing, he said, had “no intention” of building a military base in the Pacific nation. A month after China and the … Read more

Despite the pain at the pump, Americans are hitting the road Business and Economy News

As petrol prices continue to break records in the United States, putting a significant strain on Americans’ wallets and threatening economic growth, analysts predict that pain at the pump will cause some demand destruction in the coming months of the US summer driving season. Oil climbed to a two-month high on Thursday on signs of … Read more

Despite the pain at the pump, Americans are hitting the road Business and Economy News

As petrol prices continue to break records in the United States, putting a significant strain on Americans’ wallets and threatening economic growth, analysts predict that pain at the pump will cause some demand destruction in the coming months of the US summer driving season. Oil climbed to a two-month high on Thursday on signs of … Read more

The West united against Russia. Will its nerve hold as prices soar?

“I would only wish you not to lose this feeling of unity,” he said, calling again for maximum pressure on Moscow. Three months after Russia’s invasion of Ukraine, leaders from Europe and the United States emphasize that they remain committed to sticking with unprecedented sanctions in an attempt to force President Vladimir Putin to pull … Read more

The West united against Russia. Will its nerve hold as prices soar?

“I would only wish you not to lose this feeling of unity,” he said, calling again for maximum pressure on Moscow. Three months after Russia’s invasion of Ukraine, leaders from Europe and the United States emphasize that they remain committed to sticking with unprecedented sanctions in an attempt to force President Vladimir Putin to pull … Read more

Davos gathering overshadowed by global economic worries

DAVOS, Switzerland (AP) – Soaring inflation. Russia’s war in Ukraine. Squeezed supply chains. The threat of food insecurity around the world. The lingering COVID-19 pandemic. The risks to the global economy are many, leading to an increasingly gloomy view of the months ahead for corporate leaders, government officials and other VIPs at the World Economic … Read more

What is the Indo-Pacific framework, who’s in it, why it matters

US President Joe Biden formally introduced the Indo-Pacific Economic Framework, or IPEF, this week during his first Asia tour, revealing Washington’s long-awaited Asia-Pacific economic strategy. It comes five years after the US unilaterally withdrew from the Trans-Pacific Partnership, a trade deal signed by 12 countries in Asia-Pacific, North America and South America. With the US … Read more

1.1 million Afghan children could face severe malnutrition

ISLAMABAD – In Afghanistan, 1.1 million children under the age of 5 will likely face the most severe form of malnutrition this year, according to the UN, as increasing numbers of hungry, wasting-away children are brought into hospital wards. UN and other aid agencies were able to stave off outright famine after the Taliban takeover … Read more