Business

Elon Musk becomes world’s second richest person

Tech entrepreneur Elon Musk has topped Microsoft founder Bill Gates to become the world’s second richest man after a meteoric…

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Asia-Pacific countries form world’s largest trading bloc

Fifteen countries have formed the world’s largest trading bloc, covering nearly a third of the global economy. The Regional Comprehensive…

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Global markets respond to Biden’s victory

Global markets have rallied in response to Saturday’s declaration that Joe Biden has won the US election. The end of…

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Jack Ma’s terrible week

This week should have made Jack Ma China’s richest man again, and the stock market debut of his company Ant…

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Kia closes Seoul factories after eight cases

South Korean car manufacturer Kia Motors has suspended production at two factories near Seoul after eight workers tested positive for…

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Covid pushes New Zealand into worst recession in years

New Zealand is in its deepest recession in decades, following strict measures in response to the Covid-19 pandemic which were…

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Boeing’s ‘culture of concealment’ to blame for 737 crashes

Two fatal crashes of Boeing 737 Max aircraft were partly due to the plane-maker’s unwillingness to share technical details, a…

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Amazon to build its largest warehouse in Egypt

Amazon started initial negotiations to acquire 100 acres in Egypt’s western city of Sohag to establish warehouses to serve the…

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AMF provides $1.3bn to help Arab states in 2020

The Arab Monetary Fund (AMF) has provided financial resources worth $1.3 billion to Arab countries during the first half of…

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Asia sees first regional recession in 60 years

The Asian Development Bank (ADB) says the Covid-19 pandemic has pulled the region’s developing economies into recession. It is the…

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