UN expert slams ‘appallingly high’ poverty rates in Spain

Spain is “utterly failing” its poorest citizens who are living in some of the worst conditions in Europe, despite its strong post-recession recovery, a UN expert said on Friday.
8 February 2020, 18:00 PM

US job creation surges in January

The US economy saw an explosion of new hiring in January, possibly helped by mild weather but nonetheless getting the year off to an impressive start, according to key government data released Friday.
8 February 2020, 18:00 PM

India tour operators face severe blow from China coronavirus

Indian tour operators estimate they could lose up to $500 million because of cancellations from tourists from China and other countries due to the coronavirus outbreak, a cost that could rise four-fold if it persists through the year.
8 February 2020, 18:00 PM

Grim December for EU’s top economies caps year of trade war

Industrial production fell back sharply in both Germany and France in December, official data showed Friday, closing off a year that saw trade conflicts above all weigh on the top EU economies.
8 February 2020, 18:00 PM

Shanghai to help Tesla resume production amid coronavirus spread

US electric carmaker Tesla’s factory in China’s financial hub of Shanghai will resume production on Feb. 10 with assistance to help it cope with a spreading epidemic of coronavirus, a Shanghai government official said on Saturday.
8 February 2020, 18:00 PM

Coronavirus claims world’s biggest capacity car plant

The most productive car factory in the world fell quiet on Friday as South Korea’s Hyundai suspended operations at its giant Ulsan complex, hamstrung by a lack of parts with the coronavirus outbreak crippling China’s industrial output.
8 February 2020, 18:00 PM

Uber and Lyft take different roads in search of profit

Uber Technologies Inc and Lyft Inc, the two leading US ride-hailing companies, are on divergent paths as Uber pours money into money-losing side businesses while smaller rival Lyft focuses on moving people around.
8 February 2020, 18:00 PM

IMF top deputy leaving fund amid leadership changes

The top American serving at the International Monetary Fund will leave his post at the end of the month amid a reshuffling of the top leadership, the fund said Friday.
8 February 2020, 18:00 PM

Inflation creeps up in November

The inflation edges up due to price hike of food and nonfood items in November this fiscal year.
10 December 2019, 11:53 AM

Growth in global oil demand to slow from 2025: IEA

Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases, but consumption is unlikely to peak in the next two decades, the International Energy Agency said on Wednesday.
13 November 2019, 18:00 PM

‘Made in Germany’: Tesla sets up shop in Berlin

US electric vehicle pioneer Tesla will build its first European factory and design center near Berlin to produce cars “Made in Germany” as it seeks to burnish its reputation for reliability and sporting prowess.
13 November 2019, 18:00 PM

UK inflation falls faster than expected in October

British annual inflation dropped faster than expected in October to a near three-year low at 1.5 percent as lower energy prices offset rising prices for clothes, official data showed Wednesday.
13 November 2019, 18:00 PM

Toshiba reports best profit in two years

Japan’s Toshiba Corp posted its highest quarterly profit in two years on Wednesday and said it will buy out three of its listed subsidiaries as the industrial conglomerate moves on from accounting scandals and a management crisis.
13 November 2019, 18:00 PM

New Zealand holds off further cuts to record low rates

New Zealand’s central bank held interest rates at a record low on Wednesday but said it was ready to step in with stimulus to support the struggling economy.
13 November 2019, 18:00 PM

Trump hails economic boom, says China trade deal is ‘close’

President Donald Trump on Tuesday took credit for an American economic renaissance but was greeted by another salvo from US industries that blame his trade wars for jeopardizing employment, wounding business and burdening consumers with higher costs.
13 November 2019, 18:00 PM

Trade war endangers 1.5m jobs in US: CA ports study

The US-China trade war threatens almost 1.5 million jobs across the United States that depend on the movement of goods through ports in southern California, according to a report released Tuesday.
13 November 2019, 18:00 PM

Alibaba given OK for huge Hong Kong listing

Chinese online retail titan Alibaba has been given the go-ahead to list shares in Hong Kong, reports said Wednesday, in what could be the city’s biggest IPO in almost a decade.
13 November 2019, 18:00 PM

Frustration, safety fears grip finance firms

Finance firms in Hong Kong urged staff on Wednesday to seek safety or work from home as anti-government protests paralysed the city’s business district for a third day in one of the biggest disruptions faced by the Asian finance hub.
13 November 2019, 18:00 PM

Easy access to company data will check stock manipulation

Chinese stock exchanges ensure every data of listed companies is available to investors in order to guarantee transparency and avoid manipulation, said a top official the Shenzhen Stock Exchange (SZSE).
13 November 2019, 18:00 PM

Regulators begin probe into Google-Ascension cloud computing deal

A US federal regulator has initiated an investigation into a cloud computing deal between Alphabet Inc’s Google and Ascension Health which would give Google access to detailed health information of millions of patients, the Wall Street Journal reported on Tuesday.
13 November 2019, 18:00 PM