China’s May industrial output growth cools to 17-year low as trade war escalates

BEIJING China’s economy flashed more warning signs in May as the United States ramped up trade pressure, with industrial output growth unexpectedly slowing to a more than 17-year low and investment cooling, underlining a need for more stimulus. Despite a slew of support measures since last year, China’s economy is still struggling to get back […]

Hong Kong’s extradition law jolts business community

Hong Kong: Top executives in Hong Kong have warned they will have “no reason to stay” if the city’s freedoms are damaged by a proposed bill allowing extradition to mainland China. In a trend that could be damning for the international finance hub, some businesses say they would consider moving if the controversial bill — […]

WeWork to weigh $1.9 billion deal for control of India unit

Bengaluru: WeWork Cos. is considering a deal to take majority control of its India affiliate, according to people familiar with the matter, a deal that would allow the shared-office start-up to consolidate financial results from the fast-growing unit as it prepares for an initial public offering this year. The New York-based company is in talks […]