China signs 27-year gas deal with QatarEnergy to secure supply | Business and Economics News

QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas (LNG) in the longest such deal to date, as volatility pushes buyers to seek long-term supplies. Since Russia’s invasion of Ukraine in February, competition for LNG has become intense, with Europe, in particular, needing large quantities to help replace the Russian … Read more

Cost of living strike hits traffic and businesses in Belgium | Business and Economy News

A national strike over the cost of living is increasing traffic across much of Belgium and hitting businesses. A nationwide strike against the rising cost of living caused by runaway inflation and huge energy bill hikes linked to the war in Ukraine hampered traffic in much of Belgium and affected businesses on Wednesday. Major unions … Read more

Wall Street lambasted for ‘whitewashing’ Hong Kong crackdown | Business and Economics News

Kuala Lumpur, Malaysia – The Hong Kong government has invited the biggest names on Wall Street to a summit to show the financial hub is open for business after nearly three years of isolation due to pandemic curbs. Instead, the presence of senior bank executives at the rally has become a lightning rod for criticism … Read more

Credit Suisse looks to the Middle East to increase its capital | Business and Economics News

Credit Suisse Group AG has turned to Middle Eastern sovereign wealth funds for a capital raise, news agencies report. The scandal-hit Swiss bank has approached at least one Middle Eastern sovereign wealth fund for a capital injection, Reuters reported on Monday, citing an unnamed source. Abu Dhabi and Saudi Arabia are considering whether to invest … Read more

Biden’s job proposal could shake up the gig economy | Business and Economy News

The US Department of Labor has proposed a rule that would make it harder for companies to treat workers as independent contractors, a change that is expected to upend ride-sharing, delivery and other industries that rely on gig workers. Gig Company shares were hammered on the news, with Uber, Lyft and DoorDash all falling at … Read more