German union calls strike at Amazon warehouses

German trade union Verdi called on workers at two Amazon logistic centers to strike on Monday, part of a long-running campaign for better pay and conditions.
17 December 2018, 18:00 PM

Govt meddling in RBI could dent stability: S&P

The increasing involvement of the Indian government in the affairs of the country's central bank is a negative for the ratings of giant Asian economy's banking system, S&P Global said on Monday.
17 December 2018, 18:00 PM

Nissan meets to replace Ghosn, as tensions grow

The board of automaker Nissan was meeting Monday to discuss a replacement for former chairman Carlos Ghosn after his arrest for financial misconduct, as tensions grow in the firm's alliance with Renault.
17 December 2018, 18:00 PM

Shenzhen, China's reform pioneer, leads tech revolution

The southern city of Shenzhen is the symbol of the transformative reforms launched by China 40 years ago: former fishing villages that morphed into a global manufacturing hub.
16 December 2018, 18:00 PM

Fed to hike rates again but hints at pause in 2019

The US Federal Reserve is likely to raise interest rates in the coming week but policymakers have begun to signal they may take it a bit slower in 2019.
16 December 2018, 18:00 PM

Europe must fight illiberal forces, Draghi warns

The spread of illiberal ideology is threatening the euro but it is an illusion that leaving it would offer an easier path, European Central Bank President Mario Draghi said on Saturday.
16 December 2018, 18:00 PM

Trade war: signs of progress in US-China talks

Though markets are on edge and the arrest of a top Chinese executive threatened to spark a crisis, there are signs the US-China trade war can be resolved without further collateral damage to the global economy.
16 December 2018, 18:00 PM

Qatar Petroleum to invest $20b in US in major expansion

Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years, its chief executive told Reuters, after the Gulf Arab state quit OPEC, freeing Doha from potential legal risks in the United States.
16 December 2018, 18:00 PM

French budget deficit seen at 3.4pc of GDP next year

France's budget deficit is likely to overshoot the European Union's limit of 3 percent of GDP next year and reach 3.4 percent, National Assembly president Richard Ferrand told Sunday newspaper Le Journal du Dimanche.
16 December 2018, 18:00 PM

Deep in the red: Chinese county pays price for vanity-project binge

In the heart of an impoverished village in southern China, a life-sized statue of Mao Zedong sits on a platform adorned with intricate stonework, flanked by a diorama of Red Army soldiers and traditional brick-and-tile homes with curved roofs.
16 December 2018, 18:00 PM

5G: a revolution not without risks

The recent diplomatic dust-up over Chinese telecoms company Huawei, one of the leaders in developing equipment for fifth-generation mobile networks, has demonstrated that this technology which promises to enable an internet of things and self-driving vehicles also poses risks.
16 December 2018, 18:00 PM

Canada Goose delays opening of flagship China store

Canadian clothing brand Canada Goose delayed the opening of a new flagship store in Beijing on Saturday, a decision that comes as Canada and China are locked in a diplomatic standoff.
16 December 2018, 18:00 PM

Opec has shown it can reach deal despite splits

Iranian Oil Minister Bijan Zanganeh praised Opec on Saturday for what he said was the producer group's ability to reach agreement despite intense internal political differences.
16 December 2018, 18:00 PM

India's trade deficit narrows to $16.67b

India's November trade deficit narrowed to $16.67 billion due to a fall in gold imports, the country's trade ministry said in a statement on Friday.
15 December 2018, 18:00 PM

Qatar's private sector grows 6pc amid oil price volatility

Qatar's private sector grew by almost 6 percent in 2018 despite volatile oil prices, its finance minister said on Saturday.
15 December 2018, 18:00 PM

Brexit could wilt huge Dutch flower trade

Every day from dawn, a fleet of forklift trucks carries crates of roses, tulips, chrysanthemums and 22,000 other flower varieties through the world's biggest flower market.
15 December 2018, 18:00 PM

US industrial output surges in November amid cold snap

A cold snap last month drove a surge in gas and electricity use, which pushed total US industrial output up by double the expected amount, according to government data released Friday.
15 December 2018, 18:00 PM

RBI board seeks more discussion on governance under new boss

The board of the Reserve Bank of India (RBI) said on Friday it had deliberated on the central bank's governance framework and decided the matter requires “further examination”.
15 December 2018, 18:00 PM

US sets March 2 for China tariff increases amid talks

THE US Trade Representative's office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property.
15 December 2018, 18:00 PM

Trade worries push eurozone business growth to 4-year low: survey

Worries about a global trade war and disruptions caused by anti-government protests in France pushed business growth in the eurozone to a four-year low in December, an influential survey showed Friday.
15 December 2018, 18:00 PM