German public sector unions, employers agree pay hike

German unions on Wednesday said they had clinched a deal with employers giving public sector workers a "significant" salary boost, following a wave of strikes that hit airports, train stations, hospitals and daycares.
18 April 2018, 18:00 PM

IMF warns of risks as central banks tighten

The International Monetary Fund urged central banks Wednesday to take a gradual and transparent approach to tightening monetary policy, warning that unexpected moves could shock the global economy.
18 April 2018, 18:00 PM

China to set up Hainan free trade zone by 2020

China aims to establish a free trade zone in Hainan by 2020 and will encourage multinationals to set up their international and regional headquarters there, as part of plans to open up the province's economy to foreign investors.
15 April 2018, 18:00 PM

World shipping industry agrees to halve carbon emissions by 2050

Members of the UN International Maritime Organisation on Friday struck a deal to halve carbon dioxide emissions from shipping by 2050 in a deal that will force the industry to redesign fleets.
15 April 2018, 18:00 PM

US banks eyeing trade spat as earnings rise

Large US banks reported increased first-quarter earnings Friday on higher interest rates and lower taxes, but cautioned that a trade war could stymie activity.
15 April 2018, 18:00 PM

New Zealand halts offshore oil exploration to fight climate change

New Zealand is halting all new offshore oil and gas exploration to become a global leader in the fight against climate change, the centre-left government said Thursday, but opponents accused it of "economic vandalism".
12 April 2018, 18:00 PM

Walmart close to buying majority of Flipkart

Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the US retail giant's biggest acquisition of an online business, two people with direct knowledge of the matter said.
12 April 2018, 18:00 PM

Global trade growth strong but at risk if conflict escalates: WTO

World trade in goods is maintaining a robust recovery, but it still might falter if trade tensions escalate further, the World Trade Organisation said in its annual forecast on Thursday.
12 April 2018, 18:00 PM

VW set to name new CEO

German car giant Volkswagen is set to replace its CEO Matthias Mueller Thursday, as it struggles to move on from the "dieselgate" emissions scandal that has mired the company since 2015.
12 April 2018, 18:00 PM

EU court backs France ban of Uber service

The EU's top court on Tuesday backed the right of member states like France to ban a service by ridesharing firm Uber without notifying Brussels, in a fresh setback to the US giant.
10 April 2018, 18:00 PM

Xi vows to further open China economy as US trade spat simmers

Chinese President Xi Jinping pledged on Tuesday to lower car tariffs this year and take other steps to open the world's number two economy "wider and wider", addressing major complaints by the United States in a simmering trade row.
10 April 2018, 18:00 PM

Indonesia's Lion Air buying 50 Boeing 737s

Indonesia's Lion Air is buying 50 Boeing 737 MAX 10 airplanes in a deal valued at about $6.2 billion, the firms said Tuesday, as the carrier looks to cash in on a transport boom in the Southeast Asian nation.
10 April 2018, 18:00 PM

Pidilite to set up second plant in Bangladesh

Pidilite Speciality Chemicals will set up its second manufacturing plant in Mymensingh, which will be operational from early 2019.
9 April 2018, 18:00 PM

Xiaomi wants component suppliers to invest in India

China's Xiaomi said it wants its global smartphone component makers to set up base in India, in what is likely to bring as much as $2.5 billion of investment to the South Asian nation while also creating up to 50,000 jobs.
9 April 2018, 18:00 PM

Xiaomi wants component suppliers to invest in India

China's Xiaomi said it wants its global smartphone component makers to set up base in India, in what is likely to bring as much as $2.5 billion of investment to the South Asian nation while also creating up to 50,000 jobs.
9 April 2018, 18:00 PM

China blames US for trade frictions, says negotiations currently impossible

China stepped up its attacks on the Trump administration on Monday over billions of dollars worth of threatened tariffs, saying Washington is to blame for trade frictions and repeating it was impossible to negotiate under “current circumstances”.
9 April 2018, 18:00 PM

Top Goldman banker at day, DJ at night

DAVID Solomon, soon to be the sole No. 2 to Goldman Sachs Group Inc's Chief Executive Officer Lloyd Blankfein, still finds time to pursue a beloved hobby: spinning records at big-city nightclubs under the handle DJ D-Sol.
9 April 2018, 18:00 PM

Crisis-hit Deutsche Bank to push out British CEO

Trouble-plagued Deutsche Bank is to oust its British CEO John Cryan and replace him with one of his deputies Sunday, media reported, in a bid to get Germany's biggest lender back on track after years in crisis.
8 April 2018, 18:00 PM

Norway unions, employers agree wage deal, averting strike

Norway's private-sector trade unions reached a deal on Sunday with employers over wages, pensions and other compensation, averting the outbreak of major strikes, a state-appointed mediator said after five days of negotiations.
8 April 2018, 18:00 PM

Dubai firm denies Alibaba trademark infringement

A Dubai-based cryptocurrency company called Alibabacoin Foundation has rebuffed allegations of trademark infringement brought against it by the giant Chinese online retailer Alibaba Group Holding in a US lawsuit last week.
8 April 2018, 18:00 PM