Major stock markets mostly dropped as warnings that US interest rates would continue to rise and remain elevated offset growing optimism over China's economic reopening after Covid lockdowns. Equities enjoyed a strong start to the new year thanks largely to Beijing's decision to throw off the shackles of its strict...
China’s zero-Covid policy ignites rare protests in Shanghai
In a rare display of anger against the Chinese government, scores of protestors took to the streets of Shanghai early Sunday calling for an end to lockdowns. China has been facing wide criticism over its zero-Covid policy. A fire spurred an outpouring of anger in Xinjiang region as many blamed...
Apple says iPhone production hit by China Covid lockdown
Owing to Covid restrictions in central China, Apple has said that production at the world's largest iPhone factory has been "temporarily impacted", warning that customers will now face longer wait times. It said the curbs have affected the primary iPhone 14 Pro and iPhone 14 Pro Max assembly facility.
Slow tech adaptation hurts online banking in GCC
Smaller banks may be left behind if they don't invest appropriately in digitalization, Redmond Ramsdale, Head of Middle East Bank Ratings at Fitch Ratings, tells TRENDS.
Financial inclusion enables access to health, education: Study
The study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health and education services to the masses.
