Euro zone inflation confirmed at low of 1pc in August

Euro zone inflation was stable in August at its lowest level in nearly three years, the European Union’s statistics agency said on Wednesday, confirming its earlier estimates.
18 September 2019, 18:00 PM

US industry gains on surge in manufacturing, mining

US industry posted its biggest output gain in a year in August, pushed by big rebounds in manufacturing and mining, the Federal Reserve reported Tuesday.
18 September 2019, 18:00 PM

Volkswagen agrees to Australian settlement over diesel cheating

Volkswagen said on Monday it had agreed to pay up to A$127 million ($87.3 million) to settle lawsuits brought on behalf of thousands of Australian customers caught up in its global diesel emissions cheating scandal.
16 September 2019, 18:00 PM

China aluminium output slips in August amid smelter outages

China’s primary aluminium output in August fell 0.5 percent from the previous month, according to data released by the National Bureau of Statistics (NBS) on Monday, as unexpected outages at two key smelters dented production.
16 September 2019, 18:00 PM

India’s current account under threat if oil surge continues: RBI

India’s current account and fiscal deficit could take a hit if oil prices continue to rise after an attack on Saudi Arabian oil facilities over the weekend, the central bank chief said on Monday.
16 September 2019, 18:00 PM

Samsung launches ‘R Series’ smart TV

Samsung Electronics Bangladesh has recently launched an R Series smart television which serves as a personal computer, music system, home cloud and livecast.
16 September 2019, 18:00 PM

UK watchdog says has no view yet on Hong Kong exchange bid for LSE

Britain’s markets watchdog said on Monday it has yet to take a position on whether the Hong Kong exchange’s $39 billion rebuffed offer for the London Stock Exchange should go ahead.
16 September 2019, 18:00 PM

Amazon Web Services creates 500 jobs in Germany

Amazon Web Services said on Monday it was creating 500 jobs in Germany and opening a new office in Munich that will showcase what cloud computing can do for potential clients in Europe’s largest economy.
16 September 2019, 18:00 PM

Airbus, French exporters slip as US tariffs loom in subsidy row

Shares in Airbus and other key French exporters fell on Monday as Europe and the United States edged closer toward tit-for-tat sanctions in a long-running dispute over aircraft subsidies.
16 September 2019, 18:00 PM

World must transform food production or face unrest, scientists warn

The world must diversify its food production and consumption, or face damaging supply disruptions that could lead to suffering and social unrest, scientists warned on Monday.
16 September 2019, 18:00 PM

Gold jumps 1pc as attacks on Saudi lift safe-haven bets

Gold prices jumped 1pc on Monday as attacks on Saudi Arabia’s oil facilities dented risk appetite, boosting demand for the safe-haven bullion, while investors awaited for clues on monetary easing from major central banks this week.
16 September 2019, 18:00 PM

Pakistan hopes to meet fiscal deficit target set by IMF: finance chief

Pakistan is edging towards macro-economic stability after putting in place tough measures to meet a fiscal deficit target set by the International Monetary Fund as part of a $6 billion bailout in July, its finance chief said on Sunday.
16 September 2019, 18:00 PM

General Motors auto workers strike in US

The United Auto Workers union began a nationwide strike against General Motors on Monday, with some 46,000 members walking off the job after contract talks hit an impasse.
16 September 2019, 18:00 PM

Oil prices rocket on slashed Saudi output

Brent crude surged by 20 percent Monday -- the biggest gain since the 1991 Gulf War -- after weekend drone attacks on two Saudi oil facilities halved output in the world’s top crude exporter, fuelling fresh geopolitical and growth fears.
16 September 2019, 18:00 PM

China’s economy strains under disappointing data

China’s economy showed more signs of strain Monday as the country published weak data for industrial output, investment and retail sales, amid a lingering trade war with the United States.
16 September 2019, 18:00 PM

Germany sees lower borrowing costs

Germany sees much lower borrowing costs than expected due to record-low yields and this could create additional fiscal room of roughly 5 billion euros this year, maybe more, two people familiar with Berlin’s budget planning told Reuters on Thursday.
12 September 2019, 18:00 PM

China says firms have started inquiring about US agriculture purchases

China said on Thursday that Chinese companies have started to inquire about prices for US agricultural goods purchases, in a further sign of a potential de-escalation in a bitter trade war between the two countries.
12 September 2019, 18:00 PM

Netflix, Apple cross swords in Indian streaming market

Competition in India’s booming streaming market is heating up as Netflix joins forces with a director of Bollywood feel-good blockbusters and Apple launches its TV platform for 99 rupees ($1.39) a month.
12 September 2019, 18:00 PM

Compensate ill-paid workers

Garment factories in Thailand that supply to global brands such as coffee giant Starbucks and sports gear maker Bauer Hockey were raided by police on Thursday and ordered to compensate hundreds of workers after an expose found illegal underpayments.
12 September 2019, 18:00 PM

Apple’s new iPhones shift smartphone camera battleground to AI

When Apple Inc introduced its triple-camera iPhone this week, marketing chief Phil Schiller waxed on about the device’s ability to create the perfect photograph by weaving it together with eight separate exposures captured before the main shot, a feat of “computational photography mad science.”
12 September 2019, 18:00 PM