Business and Economy

Business and Economy Latest News

Hong Kong, Shanghai rally on China stimulus on mixed day for markets
Hong Kong, Shanghai rally on China stimulus on mixed day for markets
by  AFP

Hong Kong and Shanghai stocks rallied Tuesday after China unveiled fresh stimulus measures as the country's leaders struggle to kickstart growth in the world's number two economy. Hong Kong stocks jumped more than two percent and Shanghai was up around 0.8 percent.

China unveils fresh stimulus to boost economy
China unveils fresh stimulus to boost economy
by  AFP

China's central bank on Tuesday unveiled a raft of measures to boost the country's struggling economy, cutting the amount of cash banks must hold in reserve and lowering a key interest rate. On Tuesday, central bank chief Pan Gongsheng told a news conference in Beijing that it would cut a slew of rates in a bid to boost growth.

Israeli economy struggles under weight of Gaza war
Israeli economy struggles under weight of Gaza war
by  AFP

Nearly a year of war in Gaza has battered Israel's economy, and poverty is now threatening communities including in areas far removed from the fighting against Hamas. Fitch predicted in August that the Gaza war -- already the longest since the war that led to Israel's creation -- could stretch into 2025.

Energy

Money

Industry

Technology

Economy