Richard Xia co-founded sneaker and streetwear e-marketplace Novelship because sourcing limited-edition apparel online left him susceptible to scammers. So far, it has raised US$23 million in funding, and rapper Snoop Dogg recently became a partner.
One in five young people in China’s cities is unemployed – and the situation is expected to get worse before it gets better. Why can’t China find enough jobs for its youth? If the city is lacking job opportunities, could the countryside offer greener pastures? Plus, meet China’s “full-time children” – young people finding job options closer to home.
How much must we have saved before we can say we are financially free? A new survey by financial company Singlife puts the figure at around half a million Singapore dollars. This means putting aside S$1,700 a month over 27 years. But is that doable for most people in Singapore? CNA asks Chief Customer Officer at Singlife, Guillermo Arbeiza.
The U.S. is entering a new economic era. It began with an interest rate tightening cycle coming out of the Federal Reserve, with decisions that have reshaped personal finance in America. Some savings accounts can now return meaningful interest for the first time in years. It has also led to a Wall Street reshuffling, and a wave of corporate bankruptcies as some bad bets turn sour. With these free money years coming to a close, we examine how the Fed's decision-making has affected the economy.
Millennials in Taiwan are facing a new reality — high cost of living, stagnating wages and tougher competition for well-paying jobs. Despite getting university degrees, many are not better off financially than their parents’ generation. Some are just surviving, with no savings at the end of each month.
Unlike their parents, who entered the workforce in the 1980s during the golden era of wage growth in post-war Taiwan, youths today face single-digit economic growth and slow wage increases, amid overall inflation and the rising cost of housing.
CNA Insider follows the lives of a few ‘trapped’ youths to see what they’re doing to cope - including working up to 4 jobs, or going overseas to work in F&B jobs.
We’ve all felt the pinch of inflation over the past months. But there’s a new worry in the world’s second biggest economy. And it’s got to do with prices falling, rather than going up.
Singaporean William Leong, a former insurance manager, was inspired to become a farmer after visiting a mushroom fruiting chamber in 2017. Today, his mushroom farm in Thailand produces more than 40 tons of oyster mushrooms per year, for local consumption. How did he learn to grow mushrooms? What does it take to become a successful farmer there? William shares his secret with Host Ming Tan.