Down but not out: Crisis puts the brakes on fast fashion
A woman walks past an outlet of the fashion chain Zara in Hong Kong in 2004. Image: AFP/Ted Aljibe Zara, H&M and Gap may be slowly reopening their stores but…
Mexico’s Cancun starts re-opening cautiously from lockdown
Cancun beach. INQUIRER.net stock photo Mexico’s Caribbean coast resorts of Cancun and the Riviera Maya have welcomed their first tourists, after more than two months when almost all the hotels…
Asian shares slide as rising virus cases haunt reopenings
A currency trader talks on phone near screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at…
Japan agency gives PH ‘A minus’ credit rating, stable outlook
The Philippines’ credit rating has reached the coveted “A” grade level for the first time after Japan Credit Rating Agency Ltd. (JCR) on Thursday (June 11) announced an upgrade in…
2020 dollar remittances seen to contract for first time in almost 2 decades
MANILA, Philippines — Dollars sent home by expatriate Filipino workers are set to contract for the first time in almost two decades by the end of this year, no thanks…
HSBC under fire in UK for backing China’s Hong Kong law
Protesters sit outside a HSBC in the Kowloon district of Hong Kong on August 11, 2019, in the latest opposition to a planned extradition law that was quickly evolved into…
China’s service sector bounces back as COVID-19 epidemic wanes
People purchase goods at a night fair in east China’s Shanghai, June 6, 2020. Xinhua via China Daily/Asia News Network BEIJING — As the COVID-19 epidemic has waned in China,…
Asian shares slide after Wall Street retreat
TOKYO — Asian shares were mostly lower Thursday, with Tokyo dropping more than 1% as the Japanese yen gained after the Federal Reserve said it would keep interest rates low…
Indonesia’s unicorns, start-ups join forces to produce coronavirus test kits locally
The move to produce test kits locally is to reduce reliance on imports. AFP via The Straits Times/Asia News Network JAKARTA — Indonesia’s unicorns and start-ups have joined forces to…
China’s luxury industry bouncing back from slump
Tourists purchase luxury goods at a duty-free store in Haikou, capital of South China’s Hainan province, on May 2. Photo by Luo Yunfei/China News Service via China Daily/Asia News Network…