BERLIN – Finance Minister Olaf Scholz said he expected Germany to escape recession, pointing to a subdued but upward trend in its and Europe’s economies. With the risk of trade conflicts and Britain’s looming European Union exit as a backdrop, recent data has pointed to a marked slowdown […]
JIAXING, China/NEW YORK – When Kevin Chiu left his job in 2012 to try his luck at starting an online apparel business in a rural Chinese city, his main goal was to carve out more time to spend with his wife and newborn child. It never entered his […]
Jet Airways Ltd’s largest lender State Bank of India (SBI) said on Monday media reports on the state-run bank referring the debt-laden carrier to the National Company Law Tribunal (NCLT) to recover loans were “speculative”, and that no such decision had been taken. Reports earlier said SBI was […]
BARCELONA – South Korea’s LG Electronics unveiled a 5G smartphone on Sunday with a dual screen, the latest handset maker to pitch a new design feature in an effort to revive flagging sales. The two screens on the new V50ThinQ work independently, so a user can watch a film […]
HARARE – Zimbabwe’s government has a trust problem as it introduces a discounted currency in a bid to reverse chronic cash shortages that left people struggling to get hold of basic goods. Business people and economists welcomed last week’s decision to abandon an unrealistic dollar peg for the […]
SINGAPORE : Oil prices dipped on Monday, dragged down by plentiful supply as U.S. exports soar and compete with traditional producers from the Middle East in key markets such as Asia. But markets were supported by optimism that Washington and Beijing would soon resolve a series of trade disputes […]
Gold prices rose on Monday as the dollar fell against the yuan after U.S. President Donald Trump said he would delay an increase in tariffs on Chinese goods, while palladium surged to a record high. Spot gold rose 0.2 percent to $1,330.48 per ounce at 0532 GMT. U.S. […]
Indian shares followed their Asian peers higher after U.S. President Donald Trump confirmed he would delay a planned tariff increase on Chinese imports, allaying fears around global growth. Asian shares scaled a 5-month peak as talks between Washington and Beijing showed they were making “substantial progress”. Earlier in […]
KABUL – Afghanistan began exports to India through an Iranian port on Sunday, official said, as the landlocked, war-torn nation turns to overseas markets to improve its economy. Officials said 23 trucks carrying 57 tonnes of dried fruits, textiles, carpets and mineral products were dispatched from western Afghan […]
SHARM EL-SHEIKH, Egypt – Prime Minister Theresa May put off a vote in parliament on her Brexit deal until as late as March 12 – just 17 days before Britain is due to leave the EU – setting up a showdown this week with lawmakers who accuse her […]
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