Renault aims to restart Nissan merger talks

France's Renault SA intends to restart merger talks with Japan's Nissan Motor Co Ltd within 12 months, after which it will set sight on a bid to buy Fiat Chrysler Automobiles NV, the Financial Times reported on Wednesday.
27 March 2019, 18:00 PM

China bank provides $190b for Belt and Road projects

China Development Bank (CDB) has provided financing of over $190 billion for more than 600 projects of the “Belt and Road” infrastructure plan since 2013, CDB President Zheng Zhijie told the Boao Forum on Wednesday.
27 March 2019, 18:00 PM

Brexit turmoil hits UK firms' hiring plans

British companies have scaled back sharply their hiring and investment plans amid the growing turmoil around Britain's exit from the European Union, a survey showed on Wednesday.
27 March 2019, 18:00 PM

Google launches global council to advise on AI and tech ethics

Alphabet Inc's Google said on Tuesday it was launching a global advisory council to consider ethical issues around artificial intelligence and other emerging technologies.
27 March 2019, 18:00 PM

End of an era in Indian aviation as Goyal bows out

Jet Airways founder Naresh Goyal rose from humble beginnings to be undisputed king of India's skies. But now, at 69, massive debts have forced him to cede control of the pioneering airline he founded.
27 March 2019, 18:00 PM

With Fed pause, list of potential Asia rate cutters grows

A slowing global economy and abrupt end to Federal Reserve policy tightening have shifted rate cut expectations in Asia to probable from possible, with the market betting on moves by a growing list of central banks.
27 March 2019, 18:00 PM

Lufthansa looking to merge European catering unit with peer

Lufthansa is looking to merge the European operations of its catering unit LSG with a peer as it struggles with low margins in a competitive market on the continent, people close to the matter said.
27 March 2019, 18:00 PM

China's industrial profits shrink most since 2011

China's industrial firms posted their worst slump in profits since late 2011 in the first two months of this year, data showed on Wednesday, as increasing strains on the economy in the face of slowing demand at home and abroad took a toll on businesses.
27 March 2019, 18:00 PM

Reliance sends fuel from India, Europe to Venezuela to sidestep US sanctions

India's Reliance Industries is selling fuels to Venezuela from India and Europe to sidestep sanctions that bar US-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data.
21 March 2019, 18:00 PM

Google's new service will let game makers use rival clouds: official

A Google executive offered new details on Wednesday about the company's upcoming video game streaming service, telling Reuters that game makers may use competing cloud providers and must avoid some inappropriate content.
21 March 2019, 18:00 PM

Foreign subsidies fuel Norway's e-car boom, for now

On the outskirts of Oslo, a row of Fiat 500es imported from California stand parked in the snow outside the Buddy Electric dealership, part of a global flow of pre-owned electric cars to Norway powered by green subsidies elsewhere in the world.
21 March 2019, 18:00 PM

Singapore eyes China-backed Asia trade pact this year

Singapore's trade minister said Wednesday he was hopeful that an Asia-wide trade pact, which is backed by China and excludes the United States, could be sealed by the end of the year.
21 March 2019, 18:00 PM

Warm February helps UK retail sales keep up strength

British retail sales unexpectedly kept up a robust pace of expansion last month, after unusually warm weather boosted sales, reinforcing the sector's role as a bright spot for the economy ahead of Brexit.
21 March 2019, 18:00 PM

From farms to slums, Indian women on sharp end of jobs crisis

A few years ago, in this sweltering corner of western India, the horizon was dotted with hunched, barefoot women swinging sickles all day to cut wheat for the spring harvest.
21 March 2019, 18:00 PM

Nirav Modi arrested in London, British police say

Fugitive billionaire jeweller Nirav Modi had been arrested in London on behalf of the Indian authorities, British police said on Wednesday.
20 March 2019, 18:00 PM

Germany to create fund to foil foreign takeovers after China moves

Germany plans to pass legislation by the end of 2019 to create a state-owned fund that can protect key companies from takeovers by Chinese and other foreign firms, government sources said, in a marked shift from its “hands-off” approach to business.
20 March 2019, 18:00 PM

Google fined $1.7b for search ad blocks in third EU sanction

Google was fined 1.49 billion euros ($1.7 billion) on Wednesday for blocking rival online search advertisers, the third large European Union antitrust penalty for the Alphabet business in two only years.
20 March 2019, 18:00 PM

Belt and Road a win-win for Bangladesh, China

China's Belt and Road Initiative (BRI) could be a boon for Bangladesh as the former is looking to use its surplus capacity and the latter needs funds to bankroll mega infrastructure projects to transform the economy, said a top banker.
20 March 2019, 18:00 PM

Japan downgrades economy view as US-China trade war bites

Japan's government downgraded its assessment of the economy in March for the first time in three years, blaming a bruising US-China trade war for slumping exports and industrial output.
20 March 2019, 18:00 PM

UK jobless rate hits 44-year low

The British unemployment rate has struck a 44-year low, official data showed Tuesday, despite a broader economic slowdown as Brexit looms.
19 March 2019, 18:00 PM