The US recovery slowed sharply in July as a second wave of coronavirus triggered the weakest month for jobs growth since Covid first struck. The world’s biggest economy added just 1.8m jobs last month, payroll figures show – less than half the 4.8m rise in June. It is the clearest sign yet of […]
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Instant noodles cool as Japan’s stay-at-home stocks lose steam
TOKYO — Such Japanese stocks as Nissin Foods Holdings and Nintendo that had rallied in anticipation of demand from consumers stuck at home amid the coronavirus pandemic have begun returning to Earth as the government begins to relax emergency measures. Instant-noodle purveyor Toyo Suisan is included with Nissin on a […]
Renewable energy loses steam as Asian subsidies wane
TOKYO — Global capacity for renewable energy ended 17 years of growth in 2019, as Asian governments scaled back expensive subsidies designed to make their power grids greener. The trend could continue in 2020 as the coronavirus outbreak forces factory shutdowns for producers of the necessary equipment, delaying future green power […]
Chaebol wary as Moon’s party gains steam ahead of poll
SEOUL — South Korea’s powerful chaebol conglomerates are facing the prospect they feared most in Wednesday’s general election: President Moon Jae-in’s Democratic Party looks set for a comfortable win thanks largely to the government’s skillful handling of the coronavirus outbreak. The DP leads the opposition United Future Party by large […]