Apple reopens some stores in Beijing

Apple will reopen some stores in Beijing from Feb. 14 with reduced opening hours, it said on its website, while many of its other stores in mainland China will remain shut as the country continues to battle a coronavirus outbreak.
13 February 2020, 18:00 PM

Economists eye silver lining in India’s rising rural inflation numbers

India’s rural inflation rate surged faster than urban inflation for the first time in 19 months in January, and economists are optimistic that signals something the country desperately needs - a revival in demand in the rural economy.
13 February 2020, 18:00 PM

Tesla recalls 15,000 Model X SUVs for power steering issue in North America

Tesla Inc is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and increase the risk of a crash.
13 February 2020, 18:00 PM

BMW aims to slash CO2 output by 20pc in 2020

German high-end carmaker BMW aims to slash the amount of carbon dioxide (CO2) emitted by its cars sold in Europe this year by 20 percent, its chief executive said Wednesday.
12 February 2020, 18:00 PM

‘Everyone is guessing’ about coronavirus economic impacts: experts

The coronavirus that spread from a seafood market in Wuhan, China to infect tens of thousands has shuttered businesses, grounded flights and killed over 1,000 people so far, mostly in China.
12 February 2020, 18:00 PM

Samsung unveils foldable phone, Galaxy S20 to fend off Apple, Huawei

Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact and put 5G mobile network capabilities into all of its other flagship devices as it strives to retain the mantle of biggest global phone company.
12 February 2020, 18:00 PM

Japan’s efforts to raise wages wane as firms embrace merit-based pay

More Japanese companies are shifting to merit-based pay as competition for workers heats up, but the change risks holding back the sort of blanket wage hikes the prime minister says are needed to inflate the economy.
12 February 2020, 18:00 PM

Google vs EU: a decade-long saga goes to court

Google and the EU have a big day in court Wednesday as the search engine giant enters a new phase of a legal saga that began a decade ago.
12 February 2020, 18:00 PM

Singer Bangladesh records 12pc rise in earnings

Singer Bangladesh recorded a 12 per cent rise in earnings for the year ending on December 31, 2019 when the company declared 77 per cent cash dividend amounting to Tk 76.8 crore for its shareholders.
12 February 2020, 18:00 PM

Britain and EU split over financial market access

Britain wants a stable relationship with the European Union for “decades to come” in financial services, finance minister Sajid Javid said on Tuesday, only to receive an instant rebuttal from Brussels.
12 February 2020, 18:00 PM

Fed Chair Powell likely to give Congress positive economic update

Federal Reserve Chair Jerome Powell is likely to sound fairly upbeat about the outlook for US economic growth when he testifies this week in the first of his twice-a-year updates to Congress, even as he nods to the potential threat from the coronavirus in China.
11 February 2020, 18:00 PM

Deutsche Bank taps US tech companies for makeover

Deutsche Bank has invited bids from Microsoft, Google and Amazon to overhaul the German bank’s outdated and fragmented technology networks, people with knowledge of the matter said.
11 February 2020, 18:00 PM

India’s economic growth set to bounce back: govt adviser

Indian economic growth is poised to bounce back after slipping to a more than six-year low of 4.5 per cent in the July-September quarter as the government has taken measures to prop up investments and consumer demand, a top government adviser said.
11 February 2020, 18:00 PM

JPMorgan in talks to merge blockchain unit Quorum with startup ConsenSys

JPMorgan Chase & Co is in talks to merge its marquee blockchain unit Quorum with Brooklyn-based startup ConsenSys, according to people familiar with the plans.
11 February 2020, 18:00 PM

China’s central bank gives green light to Mastercard’s China JV for clearing business

China’s central bank said on Tuesday it has approved an application by Mastercard’s China joint venture to conduct bank card clearing operations in the country.
11 February 2020, 18:00 PM

Cambodia PM says country ‘will not bow down’ a day before EU trade decision

Cambodian Prime Minister Hun Sen was defiant on Tuesday, a day before the European Union is to decide whether to end the country’s special trade preferences over human rights concerns, saying the nation “will not bow down” to foreign demands.
11 February 2020, 18:00 PM

US companies cut back on installing robots in 2019

The robot invasion slowed a bit last year.
11 February 2020, 18:00 PM

Hong Kong Airlines to lay off 400 staff as virus hits city

Hong Kong Airlines said Friday it has been forced to slash hundreds of jobs and ask remaining staff to take unpaid leave as the coronavirus outbreak compounds problems at the already-struggling firm.
8 February 2020, 18:00 PM

Russia’s central bank cuts key rate to 6pc as inflation slows

Russia’s central bank on Friday lowered its key interest rate by a quarter point to 6.0 percent as inflation continues to slow more than expected.
8 February 2020, 18:00 PM

Trade wars gnaw on German industry and exports

German industrial production was further ground down in December as the US-China trade conflict dragged on, official data showed Friday, while the country’s prized trade surplus also ticked down over 2019 as a whole.
8 February 2020, 18:00 PM