The China Mail - Economy

World Bank warns of worsening food insecurity as commodity prices soar

The World Bank on Wednesday warned that global commodity prices were set to increase by 23 percent by the end of 2026, with energy prices at four-year highs due to the war on Iran and food prices driven up by global conflicts and El Nino.

Nintendo producer 'all nervous' as Zelda classic remake hits shelves

He has been behind some of Nintendo's biggest hits, but producer Eiji Aonuma still feels "nervous" as he awaits players' reactions to the new Zelda video game, "Ocarina of Time" out November 5.

Billionaire Ambani's Jio soars in market debut after India's biggest IPO

Shares in India's Jio Platforms surged nearly 27 percent on its market debut Wednesday, after raising more than $3 billion in the country's biggest initial public offering.

Two hundred 'Cruise for life' passengers stranded in Cambodia

Around 200 passengers who paid to live on a cruise ship while travelling the world were abruptly left in a Cambodian port after the company ran out of money, an official said on Wednesday.

S.African activists push back on data centre rush

A little boy balanced a large bottle of water on his shoulder as he returned from a communal tap near land acquired by a major data centre developer in South Africa's water-scarce city of Cape Town.

Billionaire Ambani's Jio jumps 21% in market debut after record India IPO

Shares in India's Jio Platforms surged more than 21 percent on its market debut Wednesday, after raising more than $3 billion in the country's biggest initial public offering.

UK set for cautious budget as borrowing costs climb

Britain's finance minister John Healey will unveil his first budget Wednesday, as he juggles commitments to defence spending and easing household bills with little financial room to manoeuvre.

'They don't care about us': Trump food aid cuts leave Americans struggling and angry

Christine, a retired widow in Arizona, placed food staples in her cart at a charity food distribution event -- as she's had to do monthly since the Trump administration slashed federal food assistance programs.

US Fed expected to hold rates steady ahead of key midterm elections

The US Federal Reserve will announce a decision on setting interest rates on Wednesday, with markets expecting the central bank to hold steady days ahead of crucial midterm elections, despite surging inflation.

AI chip giant SK hynix says quarterly operating profit soars 630%

South Korean chip giant SK hynix said Wednesday its third-quarter operating profit soared 632 percent on-year, largely driven by the artificial intelligence industry's explosive demand for its advanced memory chips.

Charles tackles thorny legacy of slavery on Caribbean trip

King Charles III began a Caribbean tour in the Bahamas Tuesday where he acknowledged "the great suffering of the past" in the face of pressure to apologize for the slave trade.

Storied Paris department store seeks bankruptcy protection

Paris department store BHV Marais, which courted controversy last year with a partnership with Asian fast-fashion giant Shein, said Tuesday it had sought bankruptcy protection to protect its operations and jobs.

UN nuclear watchdog chief urges Iran to grant access

IAEA chief Rafael Grossi urged Iran during a UN Security Council meeting on Tuesday to grant immediate access to his agency so it can verify the Islamic republic's nuclear materials.

Boeing shares tumble after it releases cautious growth forecast

Boeing shares slumped around nine percent Tuesday as the company's cautious production growth timeframe surprised Wall Street, deepening questions about how fast recent plane certification and defense procurement wins will translate to the bottom line.

新皇崗口岸實測：古洞北至口岸車程約七分鐘

新皇崗口岸採合作查驗、一次放行模式並提供24小時旅檢，實測由古洞北駕車前往口岸落客區約需七分鐘。

首席快樂官大獎表揚員工支援與家庭友善措施

第六屆「首席快樂官欣賞大獎2026」表揚企業和員工推動職場福祉，中華煤氣客服經理黎佩琼獲個人大獎。

Boeing releases cautious growth plan as shares fall sharply

Boeing shares slumped around nine percent Tuesday as the company's cautious production growth timeframe surprised Wall Street, deepening questions about how fast recent plane certification and defense procurement wins will translate to the bottom line.

港股回調下的高息策略：AGX恒息增ETF收入與風險分析

恒指回落至近年中低位後，有分析認為投資者可研究以高息股及部分備兌期權組成的ETF，但不應只看表面派息率。

Boeing reports smaller loss as it aims for stable output growth

Boeing on Tuesday reported a smaller quarterly loss compared with the same period last year -- when plane certification delay costs heavily dented results -- as it ramps up output carefully.

Tech firms gain on Anthropic IPO optimism; HSBC slumps in London

Tech firms rose Tuesday for a second day as AI titan Anthropic's IPO filing revived optimism over the sector.

Dangote, Nigeria's oil tycoon rewriting Africa's story

After going from hawking sweets to his primary schoolmates to becoming Africa's richest man, Nigerian billionaire Aliko Dangote now stands on the cusp of what could be the continent's biggest-ever IPO.

Mbappe apologises for Mao Zedong comment after Chinese sponsors drop him

Kylian Mbappe apologised on Tuesday after the Real Madrid star was dropped by major Chinese brands for apparently joking about Mao Zedong in a video that has gone viral.

Tech firms track Wall St rally on mixed day for stock markets

Tech firms rallied Tuesday following a healthy run-up on Wall Street as traders welcomed AI titan Anthropic's IPO filing that revived optimism over the sector.

HSBC profit jumps on higher rates, lower costs

HSBC profits jumped in the third quarter thanks to higher interest rates and lower costs, the bank giant said Tuesday, but its share price slid as the results undershot investor expectations.

Mercedes-Benz cuts 2026 profit outlook on tough China market

Mercedes-Benz on Tuesday became the third big German carmaker to cut its outlook for the year on tough conditions in China, underlining the scale of the crisis facing the industry.

Reparations calls follow Charles on tough Caribbean trip

King Charles III begins a delicate tour of the Caribbean Tuesday, overshadowed by calls to apologise for the slave trade and pay reparations for what he has called the "darkest days" of British history.

Wall Street faces earnings and Fed tests after turbulent technology-led week

S&P 500, Nasdaq, Dow Jones will look to rebound on Monday as US stock market investors face a pivotal week, with corporate earnings reports led by major AI players and a Federal Reserve meeting posing critical tests for a suddenly shaky market rally. Wall Street's main indexes closed lower on Friday even as technology shares steadied somewhat to end a turbulent week for the market-driving AI trade, and investors look

China brands drop Mbappe for 'offending national sentiments'

Kylian Mbappe was dropped on Tuesday by major Chinese brands after a video circulated of the Real Madrid and France superstar apparently joking about Mao Zedong.

Delhi grants minimum monthly pay and DA to about 4,000 MCD health workers

In a Diwali bonanza, the Delhi government said around 4,000 public health workers employed by the Municipal Corporation of Delhi (MCD) will receive a minimum monthly salary of ₹18,000, along with dearness allowance (DA), under the principle of equal pay for equal work.

Critical coal inventories affect nearly half of India’s domestic power plants

Nearly half of domestic coal-based (DCB) power plants have critically low coal stocks, highlighting supply-side pressures against a backdrop of sustained electricity demand.

FCNR(B) deposit drive puts sharper margin pressure on private banks

The aggressive mobilisation of Foreign Currency Non-Resident Bank [FCNR(B)] deposits increasingly weighed on bank margins during the September quarter, with private lenders bearing a disproportionate impact owing to their larger participation in the RBI’s FCNR(B) drive.

Gold ETF flows turn negative after 13 weeks as bullion loses 4%

Investments in physically backed gold exchange-traded funds (ETFs) turned net negative after 13 weeks last week, with the yellow metal losing nearly four%, data from the World Gold Council (WGC) showed.

The China Mail - Economy (English)

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