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Societe Generale said its forecast of 2.7% growth this year ``may still prove too optimistic,’’ with July’s trajectory indicating expansion of less than 2% if policymakers ease too little.
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Daily roundup of the best New Economy stories from other media
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With billionaire Ma giving up control of Ant, any potential revival of its IPO may be pushed back by a year or more, the WSJ reported.
Japan's benchmark Nikkei index hit a seven-month high on Friday while China and Hong Kong stocks were in retreat
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Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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TransportIn Numbers: The Economic Impact of Shanghai’s Covid LockdownsStrict Covid-curbs have put 26 million lives on hold in Shanghai - China's most important economic hub. The resulting supply chain disruptions and revenue losses will spell fresh economic trouble for China, and the world.
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MarketsIMF Flags Stagflation, Growth Risks For AsiaInflation in Asia is starting to pick up at a time China’s economic slowdown is adding to pressure on regional growth
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Transport InsightsWhy are Indian Electric Vehicles Catching Fire?The reason isn't just rising temperatures or battery quality but a lack of thermal-based safety precautions. The EV batteries are getting heated beyond 100 degrees, experts claim.
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