Economy
Malaysia to build massive chip design park: PM
Malaysia's leader on Monday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation's role in the global chip industry.
Markets bounce as MidEast fears ease, US inflation in view
Asian markets rose Monday, clawing back some of last week's losses, as Middle East worries subsided while traders look ahead to the release of key US inflation data and corporate earnings. The disappointing CPI data has dented hopes for a cut in June, while traders have scaled back their outlook for how many the Fed will make this year.
SAA puts route expansion on hold while chair Derek Hanekom courts investors
SAA chairperson Derek Hanekom says plans to expand routes will be suspended. The airline is still seeking potential investors after the failed Takatso deal.
Slovenia's umbrella doctor weathers the economic storm
While most people believe a malfunctioning umbrella means you have to buy a new one, Slovenian Marija Lah -- one of Europe's last umbrella repairers -- has spent her life proving them wrong. Another customer, Katja Buda, who brought her grandmother's umbrella for repair, described "Mrs Marija" as "a saviour" and regretted the vanishing profession.
Israel holds Palestinian economy captive, say analysts
The Gaza war is speeding up Israel's "annexation" of the Palestinian economy, say analysts, who argue it has been hobbled for decades by agreements that followed the Oslo peace accords. Samara said that "technically speaking, there is no Palestinian economy under Israeli occupation -- our economy has been effectively annexed by Israel's".
Splashy Saudi mega-project NEOM chases Chinese funds
Bigwigs behind a Saudi megacity dogged by questions about its viability have wrapped up a tour courting Chinese investors, detailing plans for a futuristic ski resort and 170-kilometre-long skyscrapers. Trojena, the futuristic ski resort boasting a manmade lake and 36 kilometres of slopes, must be finished before 2029, when it is set to host the Asian Winter Games.
Mass protests in Canary Islands decry overtourism
Tens of thousands of demonstrators hit the streets across Spain's Canary Islands on Saturday to demand changes to the model of mass tourism they say is overwhelming the Atlantic archipelago. Organisers say mass tourism perpetuates an economic model that harms local residents and are demanding the authorities limit the numbers.
In historic election, Volkswagen workers in Tennessee vote to unionize
Volkswagen workers in Tennessee voted decisively to become a union shop, according to election results released Friday, marking the first victory for organized labor at a foreign-owned auto plant in the American South.
Hong Kong regulator to investigate PwC auditing of Evergrande
Hong Kong's accounting regulator said it would start an investigation into PwC's role in auditing Chinese real estate giant Evergrande, citing the publication of a "whistle-blower report". On Friday, Hong Kong's Accounting and Financial Reporting Council said "a whistle-blower report" had come to its attention.
Economy
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