Economics

Hong Kong fintech unicorn WeLab raises $240M to buy Indonesian bank

A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ),…

US jobs growth falls far short of expectations

US employers hired only 210,000 more workers in November, missing economists' predictions for stronger growth.

Forecasters had been expecting…

Expo 2020s workers face hardships despite Dubais promises

DUBAI, United Arab Emirates - Intent on making a flawless impression as the first host of the world's fair in the Middle East, Dubai sought to leave…

Britain needs a booster for growth as tax hikes threaten investment

Britain's economy needs much more investment. Business says it's unlikely to get it any time soon.

The Confederation of British Industry said…

Bitcoin plunges over 20% in another sign of global market nerves

Bitcoin plunged along with other cryptocurrencies on Saturday, in another indication of the risk aversion sweeping across financial markets.

GST mop up in November at ₹1.31 lakh crore second highest since rollout

Economists had expected higher collections in line with record e-way bills generation

Gross Goods and Services Tax (GST) collections hit ₹1,31,526…

GDP grew 8.4% in Q2 but recovery appears patchy

Double-digit growth likely for 2021-22, says CEA

India’s gross domestic product (GDP) grew by 8.4% in the July to September quarter, compared…

Westpac: Australia bank pays out over charging dead people

Australian banking giant Westpac has admitted to breaking the law after it was hit with six lawsuits by regulators over its poor treatment of customers,…