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BBCNEWS Asia July 5, 2024

liv was created in 2021 and backed by the saudi sovereign wealth fund. since then the two parties were better rivals, each engaged in lawsuits against one another. the mega deal essentially created a whole new golf association led by the saudis. meanwhile, us judge has granted a request from prosecutors to try some of the charges against crypto currency exchange ftx s founder sam bachmann friedman in a second trial next year. the 31 year old will stand trial in october of the charges stemming from the collapse of the now bankrupt firm. mr bachmann fred had pleaded not guilty to the charges. china s economy stumbled last month after the latest data showed industrial output in real estate sales both missed forecasts. earlier this week china s central bank slashed the interest rates in a bid to boost the country s post pandemic recovery. earlier i spoke to the smp global market intelligence and she s explained to me what is happening to china s economic rebound. ~ . ., , ....

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BBCNEWS Asia Business Report June 4, 2024 01:33:00

Think that divergences continues to be the case. to india where tech companies will have to brace for a tough 2024 after a banking giant predicted after a banking giant predicted a bleak outlook in a new report. almost all of india s it companies reported poor results in the quarter gone by and now things are expected to get worse this year. that s because of weakened global demand for it services like in europe and the us, jpmorgan expects project referrals as a result of lower discretionary spending in these markets which will negatively impact it revenues here in india. this growth is unlikely to return in a hurry for the $250 billion industry which is the biggest contributor to india s services exports. the brokerage expects mode it services to ms current earnings expectations and says the industry will grow at less than 5% of the current fiscal ....

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