Australia has pledged AUD 98 billion (USD 70 billion) to economic recovery on Tuesday in its latest 2020-21 budget. A substantial AUD 74 billion (USD 53 billion) – or 75% – of the budget will go towards creating jobs, while the remainder would go towards COVID-19 support.
Singapore has strengthened its economic ties with China, following the 30th anniversary of the establishment of diplomatic relations between the two nations on Saturday.
Latest US sanctions announced last Friday will now restrict US technology exports to SMIC, China’s largest semiconductor manufacturer, following allegations that the firm could be involved in the development of new Chinese military technology. Major US suppliers, including Lam Research and Applied Materials, will now need to obtain a licence in order to provide SMIC […]
Japan’s newest prime minister Yoshihide Suga is expected to prioritise efforts to provide domestic economic support and control COVID-19 transmission, after having succeeded Shinzo Abe, the longest-serving Japanese Prime Minister in history, last Monday.
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