China’s tech transfer problem is growing: EU business group

Cases of European firms forced to transfer technology in China are increasing despite Beijing saying the problem does not exist, a European business lobby said, adding that its outlook on the country’s regulatory environment is “bleak”.
20 May 2019, 18:00 PM

Winning during economic slowdown, Australia’s Morrison must halt rot

Surprisingly retained by Australians in a national election over the weekend, Prime Minister Scott Morrison’s centre-right government now needs to find a fast way out of a worrying slowdown in an economy that has been recession-free since 1991.
20 May 2019, 18:00 PM

Japan’s economy grows better-than-expected

Japanese GDP expanded a better-than-expected 0.5 percent in the first quarter of this year, official data showed Monday, although analysts cautioned that the world’s third-largest economy was still facing headwinds.
20 May 2019, 18:00 PM

Trump says tariffs making companies leave China

US President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a “50-50” deal.
20 May 2019, 18:00 PM

Google suspends some business with Huawei after Trump blacklist

Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing,
20 May 2019, 18:00 PM

Xiaomi’s revenue jumps 27pc, beats estimates

Chinese smartphone maker Xiaomi Corp reported better than-expected quarterly revenue on Monday due in part to steady growth in sales outside its home market.
20 May 2019, 18:00 PM

Gold dips to two-week low as dollar holds more allure

Gold fell to a more than two-week low on Monday as investors preferred the safety of the dollar, with the currency underpinned by robust economic reports out of the United States, even as geopolitical risks and trade tensions persist.
20 May 2019, 18:00 PM

German economy unlikely to keep growth pace in Q2

The German economy is likely to lose some steam in the second quarter after it posted a solid growth rate in the first three months of the year, the Bundesbank said on Monday.
20 May 2019, 18:00 PM

France posts new tourist record despite ‘yellow vest’ unrest

FRANCE welcomed nearly 90 million foreign tourists last year, a new record for the country despite the “yellow vest” anti-government protests that prompted many visitors to put off trips late last year, the government said Friday.
18 May 2019, 18:00 PM

Sino-US trade woes unlikely to aid Indian exports: Fitch, India Ratings

Trade tensions between Washington and Beijing are unlikely to aid Indian exports as there is a stark difference in the nature of commodities exported by the two economies, India Ratings and Fitch wrote in a joint report published on Friday.
18 May 2019, 18:00 PM

Huawei: Rags to riches story, or Chinese Trojan horse?

Chinese army technician Ren Zhengfei founded Huawei with just $5,000 in seed money, according to company lore, but 32 years later it is at the centre of a titanic tug-of-war between the United States and China for world technological supremacy.
18 May 2019, 18:00 PM

African start-ups aim high, harsh realities temper hopes

Cameroonian start-up boss Serge Boupda made a polished pitch Thursday to a room packed with potential investors in Paris, but he knows a solid business plan does not guarantee interest for firms hoping to unlock Africa’s vast economic potential.
18 May 2019, 18:00 PM

Saudi to supply an extra 2m barrels a month to Indian Oil Corp from July

Saudi Aramco will supply state-run Indian Oil Corp Ltd (IOC) an extra 2 million barrels of crude a month from July to December, an IOC executive said on Friday, as New Delhi seeks to make up for a loss in supplies from Iran.
18 May 2019, 18:00 PM

US may scale back Huawei trade restrictions to help customers

The US Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week’s blacklisting would have made it nearly impossible for the Chinese company to service its existing customers. The Commerce Department, which had effectively halted Huawei
18 May 2019, 18:00 PM

As bitcoin gyrates, less euphoria in evidence at blockchain gathering

The vibe at a gathering this week for blockchain enthusiasts felt decidedly less exuberant than its predecessor a year ago after dizzying swings in bitcoin.
18 May 2019, 18:00 PM

US lifts tariffs on Canadian, Mexican metals

The United States struck deals on Friday to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact.
18 May 2019, 18:00 PM

Brazil economic woes hit stocks, currency

Atrophying growth forecasts and waning confidence in President Jair Bolsonaro sent Brazil’s stocks and currency to their lowest level of the year this week, as analysts warned of further falls.
18 May 2019, 18:00 PM

HP Enterprise buying supercomputer star Cray

Hewlett Packard Enterprise (HPE) on Friday announced a $1.3 billion deal to buy supercomputer maker Cray, part of a move to expand into data analysis from connected devices .
18 May 2019, 18:00 PM

Trump delays decision on auto tariffs for up to six months

US President Donald Trump on Friday announced a six-month delay in imposing steep tariffs on auto imports, seeking to pressure Europe and Japan into bargaining table concessions on trade.
18 May 2019, 18:00 PM

Crisis-hit Nissan shakes up board, keeps boss

Japanese car giant Nissan shook up its executive board Friday, adding a top director from partner Renault as it battles the fallout from the Carlos Ghosn saga and disappointing results.
18 May 2019, 18:00 PM