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The Latest Breaking News from Iris Pang

FTSE 100 racks up eighth day of gains despite rising insolvencies and unemployment – as it happened

More firms are at risk of tipping from ‘danger’ to ‘distress’, experts warn, as businesses are hit by soaring costs and weak economy

The Guardian - UK

Price war started by Tesla, BYD sends Chinese auto stocks into nosedive in sign of fragile consumer sentiment

Traders have been abandoning Chinese auto stocks as a price war started by Tesla and BYD spread across the whole industry, a sign of weak consumer sentiment amid pessimism about the pace of economic recovery.

Bangkok Post

Will China's next premier be a moderating influence on Xi?

The pro-business track record of the man poised to become China’s top economic official will make his term a test of whether he might moderate President Xi Jinping’s tendency to intervene

The Independent UK

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China to set up new financial watchdog as part of reforms

New body will replace banking and insurance regulators after concerns over creaking property market

The Guardian - UK

China's trade contracts as Western demand weakens

China’s trade contracted again in January and February as U.S. and European demand weakened in the face of interest rate hikes, adding to pressure on official efforts to revive economic growth following the end of anti-virus controls

The Independent UK

China’s Economic Growth Accelerates but Weak amid Shutdowns

China's economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a slump while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry. The world's second-largest economy grew by 3.9% over…

Asharq Al-Awsat

China's yuan slides to 14-year low after US rate hikes

China’s yuan has fallen to a 14-year low against the dollar despite central bank efforts to stem the slide

The Independent UK

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China pledges support for ailing economy, analysts doubt impact

Beijing says it will roll out additional tax cuts and postpone social security payments for firms to support growth.

Al Jazeera

EU growth forecast cut as war in Ukraine fuels inflation

European Commission downgrades growth prospects from 4% to 2.7%, while economy slows rapidly in China

The Guardian - UK

Lex in depth: why the luxury market needs to hedge against China

A shift in spending habits in Asia and a crackdown on wealth by Beijing threaten a profit squeeze for high-end brands

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