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Hong Kong consumers are feeling the pinch of rising costs from inflation, but with the world still gripped by Covid-19, is there light at the end of the tunnel?
From groceries to beef and petrol, Hongkongers have felt the pinch of rising prices from inflation, with the global economy and supply chains still gripped by the pandemic.
WASHINGTON (China Daily/Asia News Network): Removing tariffs on Chinese goods will ease historic inflation in the United States, experts and trade group officials said, as US President Joe Biden has vowed to make curbing consumer prices a top priority.
SAN FRANCISCO/WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Thursday sued to block U.S. chip company Nvidia Corp's more than $80 billion planned acquisition of British chip technology provider Arm, adding to already significant global regulatory challenges of the deal.
NEW YORK: Add professional traders to the ranks of investors bailing from stocks as anxiety over the omicron variant and monetary policy roil markets.
SINGAPORE (The Straits Times/Asia News Network): Households that buy electricity at wholesale market rates have found themselves with larger-than-usual bills for the month of October.
There is potential for overcapacity in 2023 as larger-scale fab expansions come online towards the end of 2022, according to IDC Research. The semiconductor industry is highly cyclical, running through a peak-to-trough cycle every four to six years.
PETALING JAYA: The Producer Price Index (PPI) is expected to remain high throughout this year due to the continued increase in input costs mainly in the prices of crude oil and natural gas, according to chief statistician Datuk Seri Mohd Uzir Mahidin.
SAO PAULO: Brazil’s state-controlled oil company plans to continue selling off its least profitable oil fields in 2022 and stick to market-friendly policies even as the country heads into an election year, with candidates debating its independence.
DETROIT (Reuters) - Stellantis NV Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle to manage the higher costs of building EVs.
Asian shares were mixed on Wednesday amid nervous trading due to worries over the newest coronavirus variant.