US faces ‘narrowing path’ to avoid recession: IMF chief

WASHINGTON (AFP) – With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn, IMF managing director Kristalina Georgieva said on Friday (June 24). The world’s largest economy rebounded strongly from the pandemic downturn, but with the “unwelcome side effects” of rising prices, she […]

Murata and Mitsubishi Agree on a Cooperative Framework for Working Toward a Carbon-Neutral Society

TOKYO, Jun 24, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Corporation and Murata Manufacturing Co., Ltd. have agreed on a cooperative framework for working toward a carbon-neutral society. Virtual PPA Overview This framework is being developed with the aim of achieving carbon neutrality at the global level, while introducing renewable energy at the company […]

Grand Ming Group Holdings Limited Announces Annual Results for the Year Ended 31 March 2022

HONG KONG, Jun 24, 2022 – (ACN Newswire via SEAPRWire.com) – Grand Ming Group Holdings Limited (the “Company” and together with its subsidiaries, the “Group”, stock code: 1271.HK) today announces its annual results for the year ended 31 March 2022 (“FY 2021/22”). Highlights— Revenue amounted to HK$817.9 million, a decrease of 45.2% from the previous […]

China tech giants lost their swagger and may never get it back

HONG KONG (BLOOMBERG) – On trading floors in New York and Hong Kong, the brightening mood toward Chinese technology companies is unmistakable: With stocks like Alibaba Group Holding and Tencent Holdings surging from multi-year lows, talk of a new bull market is growing louder. Yet speak to executives, entrepreneurs and venture capital investors intimately involved […]

Climate laws face new EU Parliament vote after failed first try

European Commission President Ursula von der Leyen (forth left) and European Commission Executive Vice-President Frans Timmermans (second left) attend a press conference with commissioners in Brussels, Belgium, on July 14, 2021. (ZHANG CHENG / XINHUA) BRUSSELS – The European Parliament will on Wednesday try again to agree on more ambitious climate change policies, after rejecting […]

Pertamina’s largest share of 2021 profit from upstream sector

JAKARTA, Jun 23, 2022 – (ACN Newswire via SEAPRWire.com) – The upstream sector accounted for the largest share of state-owned oil and gas firm PT Pertamina’s (Persero’s) net profit as Indonesian crude prices (ICP) soared in 2021. Pertamina Hulu Energi Offshore Southeast Sumatra (PHE OSES) well in Seribu Islands waters off North Jakarta’s coast (ANTARA […]

US recession fears darken outlook for Japan, global factories

TOKYO (REUTERS) – Japan’s factory activity growth slowed to a four-month low in June as China’s Covid-19 curbs disrupted supply chains, while many other economies in Asia were also facing headwinds amid growing risks to the outlook from a potential United States recession. Australia’s manufacturing activity held steady this month, data showed on Thursday (June […]

MentorCall Launches a Mobile App for People to Find Mentors Online

New York, NY, June 15, 2022 – (SEAPRWire) – The Randstad, Netherlands / / 13 JUNE, 2022 / MentorCalls released a mobile app for connecting people with renowned professionals and leading industry minds to help people find the guidance they need to start or further their respective careers. MentorCalls is a startup app which allows users to connect with […]