Sri Lanka and Israel Sign Direct Air Service Agreement, Launching Direct Flights
Sri Lanka and Israel sign a direct air service agreement, paving the way for direct flights and strengthening bilateral ties.
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Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
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EU Lowers Eurozone 2024 Growth Forecast to 0.8%, Signaling Global Economic Impact
The EU has cut its eurozone growth forecast for 2024 to 0.8% after a weak start to the year. This revision signals potential challenges for global markets, including Asia.
Surging Demand for Museum Tickets in China During Spring Festival
Museums across China experience a surge in visitors during the Spring Festival holiday, prompting venues like the Chengdu Museum to increase daily ticket quotas to meet the high demand.
UK Economy Slips into Recession in Late 2023
The UK has entered a recession in the second half of 2023, with its economy shrinking by 0.3%. This downturn may impact Asian markets and investors with ties to Britain.
China’s Exports Surge as Ports Operate Nonstop During Spring Festival
China’s exports are surging during the Spring Festival as ports like Yangshan maintain nonstop operations, handling record container volumes and keeping global supply chains moving.
Surge in Hainan Duty-Free Shopping Reflects Spring Festival Travel Boom
Duty-free shopping in Hainan surged during the Spring Festival holiday, with sales totaling 1.217 billion yuan from February 10 to 13, reflecting a thriving tourism market.
Miami Leads as Major Flower Importer During Valentine’s Day
Miami takes the lead as the busiest flower gateway in the United States during Valentine’s Day, making it the perfect destination for Cupid’s favorite gift.
Thyssenkrupp Lowers Outlook After Q1 Loss Amid Challenging Steel Market
German steel giant Thyssenkrupp revises its 2023/24 outlook to break even after posting a net loss of 314 million euros in Q1, citing a challenging steel market and economic pressures.
Laos Introduces New System to Enhance Foreign Currency Management
Laos will implement a new Capital Flow Management System by February 2024 to enhance monitoring of foreign currency flows, aiming to boost economic stability and encourage international trade.
China Ties Could Revitalize London’s Stock Exchange Amid Listings Decline
The London Stock Exchange may turn to the Chinese mainland for support as it faces a decline in listings, highlighted by TUI’s recent move to focus solely on Frankfurt.
French Farmers Furious at EU Over Green Agriculture Rollback
French organic farmer Florent Sebban returns to his fields after protesting, valuing sustainable practices and his connection with customers.
Hungarian Farmers Protest Ukrainian Agricultural Imports Amid Financial Strain
Hungarian farmers face financial hardship due to Ukrainian agricultural imports flooding the EU market, leading to protests and calls for government support.
Eco-Friendly Innovation: Guangdong Company Develops PE-Free Paper Cups Reducing Carbon Emissions
Guangdong Guanhao High-Tech has developed a PE-free, heat-resistant paper cup that is environmentally friendly, supporting China’s 2060 carbon neutrality goal.
Spring Festival Draws Record Crowds to Yuntai Mountain for God of Wealth Celebrations
Yuntai Mountain sees a 48% surge in visitors during the Spring Festival as people honor the Chinese God of Wealth and embrace traditional celebrations.
Cultural Activities Spark Tourism Boom During China’s 2024 Spring Festival
Cultural activities and traditional festivities have sparked a significant boost in tourism and consumption during China’s 2024 Spring Festival, with events across the country attracting millions of visitors.
China’s Spring Festival Sees Record Travel and Box Office Numbers
China’s eight-day Spring Festival holiday is witnessing record-breaking travel volumes and box office revenues, highlighting the nation’s robust consumer activity.
How Chinese Companies Are Shaping India’s Economy: Opportunities and Challenges
Explore how Chinese companies are influencing the Indian economy, driving innovation and facing challenges in a dynamic landscape of opportunity and collaboration.
Chengdu’s Winter Sports Boom Boosts Tourism and Consumption
Chengdu witnesses a surge in ice and snow sports, boosting tourism and consumption as the winter economy thrives even in China’s warmer southern regions.
Environmental Groups and Oil Industry Both Sue U.S. Over Gulf Drilling Plan
Environmental groups and oil companies have filed separate lawsuits against the Biden administration’s plan to offer drilling leases in the Gulf of Mexico, highlighting deep divisions over U.S. energy policy.
China Leads Global Renewable Energy Transition: IRENA Deputy Director-General
China is leading the global transition towards renewable energy, according to IRENA’s Deputy Director-General Gauri Singh, highlighting China’s significant contributions and commitment to sustainable development.