Finance and investments

The Fourth World Media Summit held in Beijing

This gathering offered an opportunity to exchange views on Media Growth Strategy under the Impact of COVID-19. 

Kazakhstan to Introduce Institute of the Ombudsperson to Protect Consumer Rights

The ombudsperson will directly report systemic violations of the rights of citizens to top government officials.

EU and Kazakhstan leaders meet to discuss future cooperation

The President of Kazakhstan, Kassym-Jomart Tokayev, will continue his visit to Brussels with further meetings with EU leaders.

National Payment System to Foster Easier Access to Financial Markets, Pave Way For Digital Tenge

The pilot project is expected to be launched in December.

Halyk Bank was the first among the STBs of Kazakhstan to start providing a green loan, confirmed by an independent assessment of the AIFC Green Finance Centre

The company is implementing a project for the construction of a 5 MW bioelectric power plant in the Karaganda region, Zhezkazgan, Kengir village, verified by an independent party - the AIFC Green Finance Centre.

Troubled by supply chain woes, German firms diversify and relocate – DIHK

Shortages of semiconductors and other industrial components are threatening to bring Germany's economic recovery to a standstill, forcing executives to re-think supply lines and try to reduce reliance on a handful of Asian and U.S. suppliers.

India stocks higher at close of trade; Nifty 50 up 0.50%

At the close in NSE, the Nifty 50 added 0.50%, while the BSE Sensex 30 index gained 0.34%.

Dollar Edges Lower; Remains Near Over Four Year High Versus Yen

The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 96.442, just off levels last seen in June 2020.

Amazon and Apple handed $225 million Italian fine for alleged collusion

Apple denied any wrongdoing and said it plans to appeal against the fine.

World media leaders discuss challenges, opportunities in pandemic world

The fourth World Media Summit (WMS), hosted by China's Xinhua News Agency, focused on the theme of "Media Growth Strategy under the Impact of COVID-19."

4th WMS issues joint statement

Representatives from over 240 media outlets across the globe attended the event in Beijing either by person or online.

Media must fight disinformation amid global pandemic: TASS editor-in-chief

The editor-in-chief also said new technologies would undoubtedly have an impact on the development of media.

Xi sends congratulatory letter to fourth World Media Summit

The event was hosted by Xinhua News Agency under the theme of "Media Growth Strategy under the Impact of COVID-19."

VNA General Director delivers speech at 4th World Media Summit

General Director of the Vietnam News Agency (VNA) Vu Viet Trang attended and delivered a speech at the 4th World Media Summit (WMS) which was held via videoconference on November 22.

Shares of China Evergrande's EV unit drop after $347 million share placement

The new shares are priced at a 15% discount to their Friday's close of HK$3.53.

Oil and euro slip, markets on edge over COVID-19 curbs in Europe

Oil futures skidded about 1% at the open, sending Brent crude and U.S. crude to seven-week lows of $78.05 and $74.76 respectively amid oversupply concerns.

Japan stocks higher at close of trade; Nikkei 225 up 0.50%

At the close in Tokyo, the Nikkei 225 rose 0.50%.

Australia stocks higher at close of trade; S&P/ASX 200 up 0.23%

At the close in Sydney, the S&P/ASX 200 gained 0.23%.

European Stocks Turn Sharply Lower as Lockdown Rears Its Ugly Head

Austria said it will reimpose a nationwide lockdown and will also introduce mandatory vaccination from February, in an effort to stem a spiralling infection rate. 

Global companies set to deliver record dividends this year

According to a Reuters analysis of Refinitiv data for 3,394 global companies with market capitalization of at least $1 billion, their total payouts to shareholders are estimated to be $1.37 trillion in 2021.

Alibaba Shares Fall Over Disappointing Quarterly Revenue

Shares fell 10.13% to HK$140.20 ($18) by 9:46 PM ET (2:46 AM GMT).

JPMorgan Economists Now Predict Fed to Raise Rates in September

JPMorgan’s U.S. economists led by Michael Feroli said that by the middle of next year the central bank’s goal of full employment will be satisfied.

German, French stocks hit record highs, nudging European markets higher

The pan-European STOXX 600 climbed 0.1%, with auto stocks hitting a record high boosted by German carmaker Daimler (OTC:DDAIF)'s 1.3% gain.

Starbucks links with Amazon Go for first cashier-less cafe

Hit by a U.S. labor crunch, Starbucks and other companies are expanding labor-saving technology like artificial intelligence, robotics and digital touch screens.

AstraZeneca's preventative COVID-19 shot shown to work longer-term

The treatment is given in one go, as two sequential shots in the arm.

India stocks lower at close of trade; Nifty 50 down 0.75%

At the close in NSE, the Nifty 50 lost 0.75%, while the BSE Sensex 30 index lost 0.62%.

Dollar jumps after U.S. retail data fuels rate hike bets

The dollar rose to its highest against the Japanese yen since March 2017 after U.S. data on Tuesday showed stronger-than-expected retail sales last month.

Nestle aims to generate quarter of total sales from e-commerce by 2025

This will be achieved by increasing marketing investment in digital to 70% by 2025 from 47% in 2020, he added.

Qatar weighs 'attractive' Boeing offer for cargo jets

The successor to Boeing's best-selling 777 wide-body passenger plane has been delayed by at least two and a half years amid uncertainty over the timetable for certification.

A new quantum computer startup from Harvard, MIT raises $17M

It’s the latest quantum computer hardware maker to come out of the lab at a time when funding for the nascent technology is booming.