Germany avoids recession despite 2018 growth slowdown

Official data suggested Tuesday that Germany avoided a recession at the end of 2018 but confirmed a sharp slowdown in growth last year as Europe's largest economy cooled off from boom times.
15 January 2019, 18:00 PM

China signals more stimulus as economic slowdown deepens

China on Tuesday signaled more stimulus measures in the near term as a tariff war with the United States took a heavy toll on its trade sector and raised the risk of a sharper economic slowdown.
15 January 2019, 18:00 PM

German court throws out Qualcomm's latest patent case against Apple

A patent lawsuit filed by Qualcomm Inc against Apple Inc was thrown out by a German court on Tuesday, in a reversal for the US chipmaker after it won a recent court ban on the sale of some iPhones in the country.
15 January 2019, 18:00 PM

First US crude cargoes head to China since trade breakthrough

Three cargoes of US crude are heading to China from the US Gulf Coast, trade sources said on Monday, the first departures since late September and a 90-day pause in the two countries' trade war that began last month.
15 January 2019, 18:00 PM

Singer brings Blueair

Singer yesterday introduced air purification solutions of Blueair for home and professional use in Bangladesh.
15 January 2019, 18:00 PM

Corporate investors pile into electric vehicle startups

Corporate investors from outside the auto industry are placing increasing bets on electric vehicles, vying with automakers and suppliers to bankroll startup companies working on everything from advanced batteries to charging devices and all-new EVs.
12 January 2019, 18:00 PM

Increased costs bit US retailers despite higher holiday sales

Holiday shopping reports released Thursday underscored anew the challenges US retailers face in the Amazon era -- even if consumers are willing to open their wallets to spend.
12 January 2019, 18:00 PM

Social media giants plan push-back on India's new regulations

Global social media and technology giants are gearing up to fight sweeping new rules proposed by the Indian government that would require them to actively regulate content in one of the world's biggest Internet markets, sources close to the matter told Reuters.
12 January 2019, 18:00 PM

India's industrial output growth nosedives

India's industrial output slumped to 0.5 percent in November amid a slowdown in auto and garment manufacturing, making Prime Minister Narendra Modi's challenge to boost investment before an election in the coming months seem tougher than ever.
12 January 2019, 18:00 PM

Tax cuts to support economic stability: China premier

China's plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country's tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday.
12 January 2019, 18:00 PM

US government shutdown may depress job growth

A partial shutdown of the US government could slash job growth by as much as 500,000 in January and lift the unemployment rate above 4.0 percent unless the impasse in Washington is resolved before next Friday, economists warned.
12 January 2019, 18:00 PM

Huawei Canada executive leaves post as scrutiny of company grows

One of Huawei Canada's top executives on Friday disclosed he was leaving his post after more than seven years with the Chinese telecommunications equipment maker, which is facing heightened scrutiny over security issues from Canada and its allies.
12 January 2019, 18:00 PM

Japan forced to amend budget over faulty jobs data scandal

Japan said Friday it will have to amend its upcoming budget to fund compensation for people whose benefits were underpaid for years because of a scandal involving erroneous labour data.
12 January 2019, 18:00 PM

Renault audit finds no fraud yet as Ghosn faces key hearing

The board of French automaker Renault on Thursday said an ongoing audit into executive pay had found no sign of fraud in the last two years, ahead of a new court appearance in Japan for CEO Carlos Ghosn.
12 January 2019, 18:00 PM

Fed's Powell unsettles markets - again

Already-jittery US stock markets shot lower on Thursday following another remark from Federal Reserve Chairman Jerome Powell. The central bank chief has been unusually outspoken in recent weeks with comments that seemed to be geared at calming nervous investors but an offhand comment at an event Thursday had the opposite effect.
12 January 2019, 18:00 PM

Dubai budget to slow spending growth

Dubai expects to slow the growth of state spending this year but continue spending heavily on infrastructure as it prepares to host the Expo 2020 world's fair, a statement by the emirate's ruler Sheikh Mohammed bin Rashid al-Maktoum said on Tuesday.
1 January 2019, 18:00 PM

Saudi Aramco buys remaining 50pc of rubber JV from Lanxess

Saudi Aramco has completed its acquisition of a 50 percent stake in Arlanxeo, its Netherlands-based joint venture with chemicals firm Lanxess, to become the full owner of the company, it said in a statement on Monday.
1 January 2019, 18:00 PM

China's manufacturing activity contracts in Dec

China's manufacturing activity in December contracted for the first time in over two years, official data showed Monday, amid a bruising trade war with the United States and a slowing domestic economy.
1 January 2019, 18:00 PM

Oil posts first year of losses since 2015

Oil prices ended with full-year losses for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about a supply glut and mixed signals related to renewed US sanctions on Iran.
1 January 2019, 18:00 PM

Wall Street stocks end worst year since 2008

The US stock market concluded its worst year since the global financial crisis on Monday following a late-season collapse that also raised doubts about the prospects for 2019.
1 January 2019, 18:00 PM