Hong Kong’s economy contracted last year for the third time since 2019 as slowing global demand, rising interest rates and a prolonged exit from isolating Covid curbs weighed heavily on the financial hub.
Spain will raise its minimum wage by an inflation-busting 8% after the government and unions struck a deal, brushing aside calls from business groups to refrain from increases at a time of economic uncertainty.
India earmarked 350 billion rupees ($4.3 billion) to invest in the nation’s energy security and green transition, in a step toward Prime Minister Narendra Modi’s goal of reaching net zero emissions by 2070.
India will spend less on a food subsidy program that feeds 800 million people after the government stopped providing some grain for free.
Bid Corp., the South African food service company, is considering a sale of its Angliss business in Asia, according to people familiar with the matter.
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