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China's economy braces for turmoil as Covid curbs ease, infections surge

The government's abrupt abandonment of its long-held Covid Zero strategy has made the outlook for the economy very uncertain as factories brace for disruption and labor shortages rise

IPO pipeline in India seen active in 2023 on smaller deals, shows data

Only 2 companies raised more than $500 mn via public offers in 2022

Bezos and Gates back Synchron in drive for brain implant breakthrough

Synchron's Switch device aims to help paralyzed people, such as those with amyotrophic lateral sclerosis (ALS), communicate by controlling computer cursors with their minds

Foxconn eases most of its anti-Covid restrictions at Zhengzhou factory

Foxconn - whose formal name is Hon Hai Precision Industry Co. said it is now ending its "point-to-point" system, in which it required employees to restrict their daily movements

China's Covid toll could near 1 mn as govt rapidly abandons curbs: Study

According to the new report, explosive growth of infection rates nationwide could also lead to new variant

Qatar's $300 bn Fifa World Cup 2022 headed for an epic culmination

The inevitable question is whether the extravaganza was all worth it - even for a host with a seemingly bottomless pit of money

Twitter must tell fired workers about severance lawsuit, says US judge

Filed by a handful of workers, the suit alleges Twitter failed to give the required 60 to 90 days notice about the mass layoffs and is shortchanging the former employees on severance pay

China's factories lose momentum amid tsunami of Covid cases as curbs ease

Outbreaks have the potential to cripple production or tear through employee rosters, threatening the global supply of everything from cars and golf carts to kitchen appliances and, of course, iPhones

New York risks losing wealthiest residents over high taxes: Official

An analysis by New York City's Independent Budget Office released this week showed that the number of city taxpayers who earned between $1 million and $5 million declined 11% in 2020

US Senate votes to ban TikTok app on govt-owned phones amid data concerns

The Biden administration has been attempting to forge an agreement with TikTok that would allow the video-sharing site to keep operating in the US by enacting additional safeguards on how US user data

Tech giants doing too little on abuse content, says Australian govt report

Apple and Microsoft don't pro-actively detect child abuse material stored on their iCloud and OneDrive services, despite the wide availability of identifying technology, the report found

Twitter suspends accounts tracking Elon Musk's jet and the man behind it

Musk said in a tweet that legal action was being taken against Sweeney and the "organizations who supported harm to my family"

Let it rip: China's new approach to overcome coronavirus cases

Gives up counting of Covid cases; Xi and top Chinese leadership to hold key economic meeting as cases spike

Apple to allow alternative app stores on iPhones in European Union

Move in response to law that applies to tech firms having $80-bn value

Billionaire Anil Agarwal struggles to get backers for $19 billion chip unit

Investors to whom Agarwal pitched the plan raised concerns about the group's limited experience in the sector, say people aware of the development

India-China trade rises 34% in FY22 thwarting Centre's self-reliance goals

Total merchandise trade between India and China rose 34% to $115.83 billion in the 12 months to March 2022

US finalising arms upgrade to Ukraine with Patriot missile batteries

The US is poised to send Patriot air and missile defense batteries to Ukraine pending final approval from President Joe Biden, two US officials said

Amazon faces $280 mn lawsuit from Vietnamese supplier for post-Covid cuts

Gilimex Inc. said it was a key partner of Amazon from 2014 to 2022, investing tens of millions of dollars in manufacturing facilities to build the steel-and-cloth storage pods

ADB cuts developing Asia's GDP outlook for 2023 amid global growth concerns

Growth in China, the largest economy in Asia, is expected to slow in 2022 to 3% against a 3.3% expansion predicted in a September report

Investors see growth in Asian equities, currencies as US CPI eases

The consumer price index reading supports forecasts for the Federal Reserve to reduce the pace of monetary tightening