The Chinese entrepreneurs chasing an Afghan ‘gold rush’

From: 101 East 101 East investigates the rise of Chinese investors in Afghanistan in the wake of the Taliban takeover. When the Taliban returned to power in August 2021, most foreigners and multinational companies had already packed up and left Afghanistan. Going against the stream of foreigners fleeing the country was a group looking for … Read more

Nigeria launches new banknotes to help curb corruption

Regulators have said January 31 is the deadline for old notes to either be used or deposited at banks. Nigeria has launched newly designed currency notes, a move that the West African nation’s central bank says will help curb inflation and money laundering. Experts, however, are sceptical about such results in a country that has … Read more

FTX meltdown threatens to end ‘Wild West’ era for crypto

FTX was one of the largest cryptocurrency exchanges in the world – until, earlier this month, it fell apart in a matter of days. In the wake of the collapse of Sam Bankman-Fried’s crypto empire, heightened governmental scrutiny and calls for greater regulation threaten to spell the end of the freewheeling, Wild West era for … Read more

South Korea’s LG Chem to invest $3bn in US plant for EV parts

South Korean firm says facility will produce components to power 2 million electric vehicles by 2027. South Korea’s LG Chem has announced plans to invest $3bn in the construction of a manufacturing facility for electric vehicle components in the United States. The battery cathode production facility in Clarksville, Tennessee, will be the largest of its … Read more

Taiwan’s TSMC eyeing advanced chips base in Arizona, founder says

Company founder Morris Chang says the world has just woken up to the importance of advanced chips. Taiwanese chipmaker TSMC is planning to produce chips with advanced 3-nanometre technology at its new factory in the US state of Arizona but the plans are not completely finalised yet, the company’s founder Morris Chang said on Monday. … Read more

Qatar gears up for FIFA World Cup equity market boom

Doha, Qatar – Qatar is gearing up for a FIFA World Cup equity market boom as the country’s stock exchange is all set to benefit from the upcoming colossal event. With more than $4bn of foreign inflows in the first 10 months of this year alone, equity market experts say that Qatar’s stock market, like … Read more

China’s Tencent wins first game licence in 18 months

China’s gaming regulator approves 70 new titles after earlier nine-month freeze on releases. China has granted tech giant Tencent its first licence for a video game in 18 months, ending a dry spell that had threatened its position as the world’s top game maker. Beijing moved against the country’s vibrant gaming sector last year as … Read more

Starbucks workers strike at more than 100 US stores

The walkouts coincide with Starbucks’ annual Red Cup Day, when the company gives free reusable cups to customers. Starbucks workers at more than 100 US stores are on strike Thursday in their largest labour action since a campaign to unionise the company’s stores began late last year. The walkouts coincide with Starbucks’s annual Red Cup … Read more

UK inflation hits 11.1 percent, highest in 41 years

Britain’s inflation accelerates to 11.1 percent in October, driven by soaring energy, food and transport prices. British inflation has accelerated to the highest level for 41 years, driven by soaring energy, food and transport prices in a worsening cost-of-living crisis, according to official data. The Consumer Prices Index hit 11.1 percent in October, reaching the … Read more

Brazil’s Lula honeymoon with investors over before starting

Investors have soured over his public commitment to prioritise social spending over fiscal integrity and delays in naming his economic team. There is growing investor pessimism that Brazilian President-elect Luiz Inacio Lula da Silva will govern with fiscal discipline as the country’s central bank chief likened a market selloff to a “Liz Truss moment for … Read more