- Wall Street's main indexes powered higher on Wednesday in a broad rally after upbeat economic data and hopeful developments about the severity of the Omicron coronavirus variant that is sweeping the world.
Malaysia's government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the country's economy, or face risks to its export-reliant growth model, experts warn.
Malaysia's government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the country's economy, or face risks to its export-reliant growth model, experts warn.
* Spillover-effect of property slump poses fresh risks to economy. * Steel demand, vital part of industrial engine, suffers blow. * Hit to construction ripples broadly, stings cement, appliances. * Credit constraints, property woes show no signs of easing soon. By Min Zhang and Ryan Woo.
Debt problems at a major Chinese property developer have now spilled over into a vital artery of the nation's industrial engine - the steel sector - and started to ripple through to other critical parts of the world's second-largest economy.
Debt problems at a major Chinese property developer have now spilled over into a vital artery of the nation's industrial engine - the steel sector - and started to ripple through to other critical parts of the world's second-largest economy.
* Spillover-effect of property slump poses fresh risks to economy. * Steel demand, vital part of industrial engine, suffers blow. * Hit to construction ripples broadly, stings cement, appliances. * Credit constraints, property woes show no signs of easing soon. By Min Zhang and Ryan Woo.
- Apple Inc (AAPL) is eating into its rivals' smartphone market share as the iPhone maker navigates through a global chip crunch better than other mobile phone makers, according to data providers.
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