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

Boeing opens first 737 plant in China

Boeing Co opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus in one of the world's top travel markets that has been overshadowed by the US-China trade war.
15 December 2018, 18:00 PM

US auto sales slow

US sales of autos and gasoline slowed last month, weighing on the retail sector as the crucial year-end shopping period got under way, government data showed Friday.
15 December 2018, 18:00 PM

China's ZTE loses major German mobile contract

Chinese telecoms giant ZTE lost its biggest contract in Germany, network provider Telefonica on Friday told AFP, as resistance mounts across the West to Beijing's infrastructure manufacturers.
15 December 2018, 18:00 PM

India names Modi demonetisation backer as central bank head

Ex-finance ministry official Shaktikanta Das took charge of the Reserve Bank of India on Tuesday, in a swift appointment expected to ease a dispute with the government as it pushes for looser credit rules ahead of a general election.
12 December 2018, 18:00 PM

Rolls-Royce to switch work to Germany over Brexit

Rolls-Royce on Wednesday said it was switching to Germany from the UK its design-approval of large aircraft engines after Prime Minister Theresa May delayed parliament's vote on the Brexit deal.
12 December 2018, 18:00 PM

Asia to grow as expected in 2018 and 2019, trade war poses downside risks: ADB

The Asian Development Bank expects developing Asia to meet its growth forecasts for this year and next on strong domestic demand and easing inflation pressures, though it warned of downside risks from a rising tide of trade protectionism.
12 December 2018, 18:00 PM

Modi seen forgiving farm loans as he seeks to win back rural voters

Prime Minister Narendra Modi's government is likely to announce loan waivers worth billions of dollars to woo millions of farmers ahead of a general election, government sources said, after his ruling party suffered a rural drubbing in state polls.
12 December 2018, 18:00 PM

Amazon aims at office workers with compact cashier-less food store

Amazon.com Inc on Wednesday opened a compact version of its cashier-less Amazon Go food stores, broadening its footprint in the bricks-and-mortar world in a move to add shops in places such as office lobbies and hospitals.
12 December 2018, 18:00 PM

Inclusive business models for safe water

How would you feel if you were limited to using 13 gallons of water per day that includes roughly a 90-second shower, eight glasses of drinking water, a few dish-washings, one cooked meal, two hand washings, two teeth brushings and one-toilet flush? Sounds bizarre? Surprisingly,
12 December 2018, 18:00 PM

Spain to see biggest wage hike since 1977

Spanish Prime Minister Pedro Sanchez said Wednesday his cabinet would approve next week a 22 percent increase in the monthly minimum wage to 1,050 euros ($1,192) in 2019.
12 December 2018, 18:00 PM

Don't contact our board members, Renault tells Nissan

Renault told alliance partner Nissan to stop contacting the French company's directors ahead of a Thursday board meeting as the Japanese automaker tried to share evidence of wrongdoing by its ousted chairman Carlos Ghosn, two sources said.
12 December 2018, 18:00 PM

Global economy in 2019: Growth beginning to fray

American farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Midwest medical supply company is considering shipping production overseas amid growing uncertainty.
12 December 2018, 18:00 PM

Volkswagen denies allegations chairman knew early about emissions cheating

Volkswagen has denied allegations that Chairman Hans Dieter Poetsch knew about the carmaker's emissions test cheating almost three months before U.S. authorities made it public in September 2015.
9 December 2018, 18:00 PM

China's factory gate inflation eases

China's factory inflation slowed in November, a sign demand remains weak amid Beijing's ongoing trade war with the United States, while consumer inflation also flagged, official data showed Sunday.
9 December 2018, 18:00 PM

Fed policymakers signal turning point on US rate-hike path

The US central bank is flagging a turning point in monetary policy, as a Federal Reserve policymaker on Friday backed interest rate hikes in the “near term” but nodded to increasingly less certainty ahead.
9 December 2018, 18:00 PM

Qatar says budget for 2019 will project surplus

Qatar's national budget for 2019 will show a forecast for a surplus, its Finance Minister Ali Shareef al-Emadi told a conference on Sunday.
9 December 2018, 18:00 PM

Facebook CEO backed sharing customer data despite second thoughts: documents

Facebook Chief Executive Mark Zuckerberg questioned the business case for giving millions of outside software developers wide access to customer data before endorsing the practice in 2012, according to internal emails published on Wednesday.
6 December 2018, 18:00 PM

Opec eyes output cuts as Trump calls for boost

Opec members and other oil-producing countries mulled cuts in output Thursday to prop up plunging prices, defying repeated calls by US President Donald Trump that they keep the taps open.
6 December 2018, 18:00 PM