Amazon embraces US govt business, despite occasional controversy

The head of Amazon.com Inc’s cloud computing division on Monday said the company would work with any government agency that followed the law, in contrast with rival Microsoft Corp, which has touted its rejection of controversial sales.
11 June 2019, 18:00 PM

Trump delivers hard line on new China tariffs threat

President Donald Trump warned Monday he will slap huge new tariffs on China if his counterpart Xi Jinping doesn’t show up for a planned face-to-face meeting later this month and insisted the Chinese economy will never overtake the United States.
11 June 2019, 18:00 PM

BP raises Saudi oil reserves 12pc in first big change in 30 years

BP has raised estimates for Saudi Arabia’s crude oil reserves by 12 percent, marking the first major change to the country’s estimated reserves since 1989.
11 June 2019, 18:00 PM

Fear and fervour propel Shanghai’s tech board

Chinese companies and investors are lining up in spades to take part in Shanghai’s new Nasdaq-style tech board, with a groundswell of patriotic support surging further after the US blacklisting of telecom firm Huawei inflamed trade tensions.
11 June 2019, 18:00 PM

Trump renews Mexico tariff threat amid row over migration deal

US President Donald Trump renewed his threat Monday to slap tariffs on Mexico as controversy erupted over what exactly is in the countries’ new migration deal, which the Mexican government admitted would be reviewed in 45 days.
11 June 2019, 18:00 PM

Amazon dethrones Google as top global brand: survey

US retail giant Amazon has moved past hi-tech titans Apple and Google to become the world’s most valuable brand, a key survey showed Tuesday.
11 June 2019, 18:00 PM

Fed faces an outlook clouded by trade wars and signs of weakness

US President Donald Trump’s attacks on the Federal Reserve have broken one set of precedents, his talk of stacking the central bank with political allies has strained another, and his on-again off-again tariff threats have made the economic outlook harder than ever to predict.
11 June 2019, 18:00 PM

Indian farm group says it planted unapproved GM cotton seeds

An Indian farm group said its members had planted a variety of genetically modified cotton seeds which have not been approved by the country’s government, an offence that could result in five years imprisonment.
11 June 2019, 18:00 PM

Apple cancels plans for second data centre in Denmark

Apple Inc said on Tuesday it had decided to cancel plans for a second data centre in Denmark and the company will expand its other site in the country instead.
11 June 2019, 18:00 PM

Need to preserve Renault-Nissan alliance: French finance minister

French Finance Minister Bruno Le Maire on Sunday said it was necessary to preserve the alliance between Renault SA and Japan’s Nissan Motor Co Ltd, which he said has benefited the French automaker with synergies and technology.
9 June 2019, 18:00 PM

EU states adopt ‘panda bonds’ in Chinese outreach

EU members Hungary, Poland, Portugal and soon Austria are strengthening ties with China by issuing attractive “panda bonds” that help Beijing raise its profile on international financial markets.
9 June 2019, 18:00 PM

Pakistan’s GDP grows 3.3pc, sharply below target

Pakistan’s Finance Ministry expects economic growth in the financial year ending in June to hit 3.3 percent, well below a target of 6.2 percent set last year, with key sectors all performing worse than expected, according to a planning document seen by Reuters.
8 June 2019, 18:00 PM

G20 countries eye tax policy for internet giants

G20 countries are planning a new tax policy for digital giants like Google, based on the business a company does in a country, not where it is headquartered, the Nikkei business daily said Thursday.
30 May 2019, 18:00 PM

Huawei a key beneficiary of China subsidies that US wants ended

A replica of the Palace of Versailles, medieval turrets, and spires rise across Huawei’s new campus in southern China, a monument to the telecom giant’s growing fortune -- and the benefits of state aid.
30 May 2019, 18:00 PM

Malaysia will use Huawei ‘as much as possible’: Mahathir

Malaysia will continue using Huawei products “as much as possible,” bucking a global trend prompted by security concerns and a US ban on the Chinese firm, the country’s prime minister said Thursday.
30 May 2019, 18:00 PM

Japan business lobby urges sales tax hike to proceed as planned

The head of a Japanese business lobby said a planned sales tax hike should proceed in October to sustain the social security system for a rapidly ageing population, despite calls from elsewhere to postpone it given growing economic challenges.
30 May 2019, 18:00 PM

Malaysia PM proposes common Asia trading currency

East Asia should consider a common regional trading currency based on gold to promote commerce, and free the region from relying on dollar transactions, Malaysia’s prime minister said Thursday.
30 May 2019, 18:00 PM

From sky farms to lab-grown shrimp, Singapore eyes food future

Singapore, the tiny Southeast Asian city-state, is an unlikely place for a farming revolution. With tiered fish farms, vegetable plots atop office buildings and lab-grown shrimp, the island aims to beef up its own food production and rely less on imports to feed its 5.6 million people.
30 May 2019, 18:00 PM

RBI to cut rates in June, but analysts split on if it should

The Reserve Bank of India will cut interest rates at a third consecutive meeting in June, according to a Reuters poll of economists who were split over whether it should.
29 May 2019, 18:00 PM

From European dream to global giant: Airbus marks half century

Fifty years ago at the Paris air show, France’s transport minister and Germany’s economy minister signed an agreement that would change aviation history.
29 May 2019, 18:00 PM