Asia Economy

A presenter stand next to Hyundai's all-electric SUV 'IONIQ 5' during its launch at the Auto Expo 2023 on January 11, 2023 in Greater Noida, India.Ajay Aggarwal | Hindustan Times | Getty ImagesSouth Korean automaker Hyundai Motor Company is…

The World Travel & Tourism Council says the global travel and tourism sector won't fully recover this year — but it will get close.The sector is forecast to reach $9.5 trillion in 2023, just 5% shy of the sector's gross domestic product…

Russia's President Vladimir Putin, India Prime Minister Narendra Modi, and China's President Xi Jinping prepare to leave at the concluding session of the BRICS summit at Taj Exotica hotel in Goa on October 16, 2016. (PRAKASH SINGH/AFP via…

A shopper carries a bag of Nike merchandise along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. Scott Olson | Getty ImagesWASHINGTON — A House committee examining the U.S. government's economic…

Samsung is facing a testing time with profit slumping due to weak demand for its memory chips.SeongJoon Cho | Bloomberg | Getty ImagesAn influential Samsung Electronics workers union on Thursday warned that its members could walk out over a…

A decade ago, a person who walked into a restaurant in Seoul and asked for "han myung-I" —a table for one — could be declined service.  That's because restaurants in South Korea prefer groups of two or more, owing to a complex mix of local…

European officials are gearing up for talks on how to deal with China after a series of controvertial events.Pool | Getty Images News | Getty ImagesChina said Monday it respects the independence of former Soviet nations after remarks by its…

Infosys founder Narayana Murthy sees tech layoffs in the U.S. as an opportunity for India."I look at these things as part of a business cycle. The curve goes up and down, up and down. So I would not be that much worried," Murthy told The…

Samsung at the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images)Joan Cros | Nurphoto | Getty ImagesSouth Korean electronics giant Samsung's operating profit plunged in the first…

China's largest chipmaker SMIC won't be able to produce cutting-edge chips competitively if it continues to be cut off from advanced equipment, analysts told CNBC.Vcg | Visual China Group | Getty Images"It's just not commercially profitable…