Entries by Tom Saltmarsh

China looking to strengthen economic ties with EU

Strengthening China-European Union economic co-operation has become crucial for worldwide economic growth, as the United States’ tariff hikes against key trading partners have cast a shadow over the global economy, senior Chinese trade experts have said. They emphasized that amid growing global trade protectionism, the Chinese and EU’s free trade ethos provide a solid basis […]

Budget 2025 tax cuts ‘will boost demand and consumption’

The Union Budget 2026 will boost growth over the next few years by increasing domestic demand through tax cuts for households, according to leading credit rating agencies. India’s Finance Minister, Nirmala Sitharaman, presented the Union Budget for 2025-26 on February 1 in Parliament. The Budget introduced significant reforms, including the removal of income tax liability […]

Almost 90% of Malaysian firms experience cyber crime

Protecting their IT networks was the key concern for Malaysian businesses in 2024 when it came to cybercrime, according to the latest Kaspersky IT Security Economics report. Some 88% of businesses experienced attempts to infiltrate their network, while over 60% of companies reported incidents where bad actors executed malicious code within their network or attempted […]

UAE creates more blue collar jobs in 2024

The UAE job market has seen a significant surge in demand for both blue-collar and entry-level jobs, although white-collar recruitment continues to decline, according to a report by UAE-based recruitment company Innovations Group. Offering insights workforce trends in the UAE, the study shows that blue-collar jobs have grown by 69% in 2024, primarily due to […]

UK-India free trade talks gather momentum

Britain’s Trade Secretary has announced he is to visit India this month to focus on finalising the Free Trade Agreement (FTA) negotiations as part of the UK government’s ambition to elevate the bilateral partnership across all sectors. Addressing the annual India Global Forum’s (IGF) in London, Jonathan Reynolds, Britain’s Secretary of State for Business and […]

China looks to ASEAN to help boost digital sector

China is set for closer collaboration on digital projects with ASEAN member countries, with new frameworks and action plans aimed at further strengthening digital infrastructure, promoting cloud computing and enhancing artificial intelligence governance. Xu Chaofeng, director-general of the Ministry of Industry and Information Technology’s Department of International Cooperation, the country’s top industry regulator, said that […]

PM: Malaysia must reform to face emerging challenges

Malaysia cannot rely on outdated legislation to address the challenges posed by rapid technological developments and must pursue reforms to create greater opportunities for international collaboration, Prime Minister Anwar Ibrahim told delegates at the World Economic Forum (WEF). During a media briefing on ‘Unlocking Asean’s Digital Future: Driving Inclusive Growth and Global Competitiveness’ in Davos, […]

India continues strong growth trend for foreign investment

India’s appeal to global investors remains strong, driven by a young and dynamic workforce and the government’s ongoing emphasis on initiatives like ‘Make in India’, government officials told the World Economic Forum (WEF) in Switzerland. Speaking at the ‘FDI in India’ event, Amardeep Singh Bhatia, Secretary of the Department for Promotion of Industry and Internal […]

China banking on AI to boost efficiencies across the board

Artificial intelligence will take technology to new heights, empowering the real economy with industry integration, a leading expert told the 15th China Internet Industry Annual Conference 2025. Wu Hequan, from the Chinese Academy of Engineering, said that “phones, computers and such products will be redefined by AI”, adding that AI will be applied to new […]