Can China’s economy reverse a sluggish 2023 in the last quarter?

This photo taken on September 24, 2023, shows residential buildings in Chongqing, in southwest China. Stringer | Afp | Getty Images BEIJING — The last three months of the year are set to bring more clarity on China’s economic outlook and any government support — especially for the critical real estate sector. China’s rebound this … Read more

Disney’s Hotstar loses 12.5 million subscribers in 1 / 4 amid cricket shortfall

Disney+ Hotstar misplaced almost a fourth of its buyer base, or 12.5 million subscribers, within the quarter ending June, Disney disclosed in its earnings Wednesday, the continued setback on the India-focused streamer that’s reeling from the dearth of cricket content material. That is the third consecutive quarter wherein Disney has misplaced subscribers. Hotstar had 40.4 … Read more

Amazon inventory rallies after blowout quarter

Andy Jassy, chief govt officer of Amazon.Com Inc., in the course of the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Pictures Amazon shares rallied 8% on Friday, a day after the corporate reported blowout second-quarter earnings and issued upbeat steerage. The e-retailer simply beat on … Read more

Singapore’s financial system grows 0.7% year-on-year in second quarter

Exterior of the Singapore Trade constructing. Bryan van der Beek | Bloomberg | Getty Photos Singapore’s financial system prevented a technical recession within the second quarter, rising 0.7% year-on-year and 0.3% quarter-on-quarter, superior estimates confirmed. Economists polled by Reuters anticipated to see progress of 0.3% quarter-on-quarter and 0.6% year-on-year. Within the first quarter, Singapore’s financial … Read more

New Zealand enters technical recession after economic system shrank 0.1% within the first quarter

Buildings in Auckland, New Zealand, on Monday, Could 22, 2023. Bloomberg | Bloomberg | Getty Photographs New Zealand’s gross home product fell 0.1% within the first quarter, in line with authorities information revealed Thursday, as its central financial institution launched into one of the crucial aggressive price hike cycles on this planet. The most recent … Read more

UK economic system grows by 0.1% within the first quarter however inflation continues to weigh

A member of the general public walks by heavy rain close to the Financial institution of England in Might 2023. Dan Kitwood | Getty Photographs Information | Getty Photographs LONDON — The U.Ok. economic system grew by 0.1% within the first quarter, following an surprising contraction in March, official figures confirmed on Friday. Economists polled … Read more

Oil large revenue drops 19% in first quarter

DUBAI, United Arab Emirates — Saudi state oil large Aramco on Tuesday reported a 19% drop in its first-quarter earnings, recording web revenue of $31.9 billion down from $39.5 billion the earlier 12 months amid falling oil costs. Analysts anticipated to see a dip in web revenue this quarter in comparison with the earlier 12 … Read more