Tag Archives: Thailand

Business this week

Business this week

The Business Roundtable, America’s foremost association of chief executives, caused a stir when it redefined the purpose of a company, ditching the decades-old orthodoxy that increasing shareholder value should be the only objective. Now, the bosses say, companies should also look out for the interests of customers, workers, suppliers and communities, and aim to increase diversity …

The world economy | Markets are braced for a global downturn

The world economy | Markets are braced for a global downturn

The signals from bonds, currencies and commodities are increasingly alarming LOOKING FOR meaning in financial markets is like looking for patterns in a violent sea. The information that emerges is the product of buying and selling by people, with all their contradictions. Prices reflect a mix of emotion, biases and cold-eyed calculation. Yet taken together markets …

Business this week

Business this week

America officially categorised China as a currency manipulator forthe first time in 25 years, after the yuan weakened past the psychologically significant mark of seven to the dollar, the lowest point for the Chinese currency since the financial crisis. The yuan trades narrowly in China around an exchange rate set by the central bank. It dismissed the …

Politics this week

Politics this week

Protesters ransacked Hong Kong’s legislature, spraying graffiti and waving British-era flags in the chamber after commemorations for the 22nd anniversary of the handover of Hong Kong to China. Hong Kong’s chief executive, Carrie Lam, condemned the “extreme violence”. China’s government accused the demonstrators of trampling on “the rule of law”. Rahul Gandhi resigned as leader of Congress, India’s oldest …