Business

Shopee, Garena post strong revenue

Shares of Southeast Asian e-commerce and gaming company Sea Group surged after its first-quarter earnings beat analysts’ expectations on Tuesday. Sea’s U.S.-listed shares rose 14% to close at $80.21 after the Singapore-based internet company reported earnings that beat analysts’ expectations in the first quarter of this year. Here’s how the NYSE-listed company fared from January …

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Stock rally losing puff as economic growth doubts grow By Reuters

© Reuters. A passerby wearing a protective face mask walks past an electric screen displaying a graph showing the average Nikkei share in Japan amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan February 24, 2022 REUTERS/Issei Kato/Files By Tom Westbrook SINGAPORE (Reuters) – Asian stock markets posted their fourth straight session of gains on …

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Strong air travel recovery in US, Europe, Latin America but Asia lags

International air transport has seen a strong recovery this year, with the exception of the Asia-Pacific region, which is “significantly behind”, according to the International Air Transport Association (IATA). “Last year, international travel was about 25% of what it was in 2019. In the first quarter of this year around the world, it was up …

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Elon Musk calls out Twitter employee caught in Project Veritas video mocking his Asperger’s

NEWYou can now listen to Fox News articles! Elon Musk called out a Twitter executive who was caught poking fun at the billionaire’s Asperger in a video recently posted by Project Veritas. Alex Martinez, identified by Project Veritas as Twitter’s top client partner, was recorded slamming its new boss, decrying the Tesla CEO’s mission to …

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Japan’s Economy Shrank 1 Percent as Consumers Fled Covid

TOKYO — Last December, after two years of uninterrupted growth, Japan’s economic engine finally seemed to pick up speed. Covid cases were virtually non-existent. Consumers were back in town, shopping, eating out, traveling. The year 2021 ended on a positive note, with the country’s economy growing year-on-year for the first time in three years. But …

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Justice Department Sues Casino Mogul Steve Wynn Over Relationship With China

WASHINGTON (AP) — The Justice Department on Tuesday sued Las Vegas casino magnate Steve Wynn to compel him to register as a foreign agent because of lobbying work he allegedly did at the request of the Chinese government under the Trump administration. The department said it repeatedly advised Wynn over the past four years to …

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Asia stocks mixed; Japan’s first quarter GDP data released

SINGAPORE — Stocks in Asia Pacific were mixed on Wednesday morning following comments from U.S. Federal Reserve Chairman Jerome Powell, who said he was committed to raising rates until inflation subsides. The Nikkei 225 in Japan rose 0.7% while the Topix index traded up 0.67%. Japan’s economy shrank 1% on an annualized basis in January-March …

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China signals easing of tech crackdown but don’t expect policy U-turn

China has shown signs of easing its crackdown on the tech sector that has wiped billions of dollars of value from its most important companies. But analysts said Beijing’s recent positive rhetoric should not be confused with a policy shift. “I think big tech companies will have a grace period for maybe the next six …

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