The deal is “a much needed pressure valve amid heightened regional tensions” — but significant changes are far from guaranteed, analysts told CNBC.
Zara owner Inditex’s profit jump in first year with Marta Ortega at helm
Combined Inditex in-store and online sales exceeded pre-pandemic levels.
Asia faces shortage of workers who can fill growing number of tech roles, says job portal operator
Despite layoffs at tech companies, almost “every sector in the economy outside of tech” is hiring tech workers, said CEO of Seek Asia Peter Bithos.
Moody’s retains ‘negative’ outlook on China’s banks amid challenges of emerging from Covid-zero
Ratings agency Moody’s said Wednesday it maintained a “negative” outlook on China’s banking sector due to a drawn out recovery from Covid controls.
Power cuts, war, and hybrid cars are predicted to cause a platinum price surge in 2023
Platinum prices are forecast to skyrocket in 2023 thanks to power cuts in South Africa, war in Ukraine and increased demand for hybrid cars.
Abu Dhabi’s G42 buys ByteDance stake at $220 billion valuation, report says
Abu Dhabi-based artificial intelligence firm G42 acquired a $100 million plus stake in ByteDance, valuing the Chinese unlisted owner of TikTok at $220 billion.
UK government to announce spending, tax plans as strike action disrupts schools and travel
U.K. Finance Minister Jeremy Hunt will deliver the government’s Spring Budget at 12:30 p.m. London time on Wednesday.
Sea Group’s digital bank launches in Singapore to a select group of individuals
Singapore tech giant Sea Group has launched its digital banking services to select members of the public.
‘Buy, hold and re-roll’ these short-term bonds as banking sector rattles markets, experts say
Investors searching for safety amid the volatile market need to ask themselves a few questions first.
The SVB crisis may prompt the Bank of Japan to delay policy changes, says former board member
Any changes to its ultra-dovish monetary policy could be delayed by as much as a year, said Nomura Research Institute economist Takahide Kiuchi.