The kingdom of Bhutan is planning a “mindfulness city” that, if built, will cover some 2.5% of the country — an area larger than Singapore. Plans show the 1,000-square-kilometer city will be built near the town of Gelephu, along Bhutan’s southern border with India. “Gelephu Mindfulness City,” as it’s called in the project’s masterplan, will … Read more
Investors pay attention to the stock market at a securities business hall in Fuyang city, East China’s Anhui province, Dec 29, 2023. CFOTO | Future Publishing | Getty Images Chinese financial authorities have been striving to prop up the country’s stocks through various measures, including steps aimed at increasing the liquidity in the market, warnings … Read more
A restaurant advertises the use of the Paytm digital payment system in Mumbai, India, on Saturday, July 17, 2021. Dhiraj Singh | Bloomberg | Getty Images India’s digital payments app Paytm rose as much as 8% on Tuesday, rebounding from a heavy selloff that wiped off about $2.5 billion in market value in the last … Read more
Shares of Mitsui Fudosan surged to an all-time high on Monday after a report said U.S. activist investment firm Elliott Management had demanded the company launch a massive stock buyback program. Japan’s largest property developer jumped as much as 11.8% in early afternoon trading to hit a record 4,100 yen. The Financial Times reported that Elliott Management had … Read more
Close up of woman’s hand touching illuminated and multi-coloured LED display screen, connecting to the future. People, lifestyle and technology D3sign | Moment | Getty Images The Association of Southeast Asian Nations on Friday published a framework for artificial intelligence governance, but experts say member states being at “different stages of digital development” could pose … Read more
Finance Minister Nirmala Sitharaman addresses the media after the interim budget on February 1, 2024 in New Delhi, India. Hindustan Times | Hindustan Times | Getty Images India’s Finance Minister Nirmala Sitharaman said Friday the country’s exports remained strong despite slowing global demand, explaining that these economic issues will be a key focus ahead of … Read more
Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images India could clock up to 8% annual GDP growth for several years as it focuses on boosting its manufacturing capabilities, a key government minister told CNBC on Thursday. “Every sector of the economy … Read more
The Aozora Bank Ltd. headquarters in Tokyo Japan, on Thursday, Feb. 1, 2024. Japan’s Aozora Bank became the second lender in a span of hours to surprise investors with losses tied to US commercial property, sending shares down by the limit and heightening concern over global banks’ exposure to souring real estate bets. Akio Kon … Read more
Gold purchases from central banks led to last year’s surge, with purchases exceeding 1,000 tons for two consecutive years. Traffic_analyzer | Istock | Getty Images Gold demand hit record highs in 2023 as persistent geopolitical tensions and weakness in China’s economy pushed investors toward the safe haven asset, the World Gold Council said in report. … Read more
Travellers look at the flight departure schedule on the screen at Singapore Changi airport on December 7, 2022. Roslan Rahman | Afp | Getty Images International tourist arrivals to Singapore more than doubled in 2023, surging to 13.6 million compared to 2022’s figure of 6.3 million. The Singapore Tourism Board said this in line with … Read more
