China's new finance minister says some tax changes coming

China's new finance minister on Sunday vowed to push ahead fiscal reforms, including changes in tax on manufacturing and transportation, to support the government's goal of “high-quality” growth.
25 March 2018, 18:00 PM

Britain's top suppliers flout landmark anti-slavery law

Britain is failing to live up to its promise to lead the world in ending modern slavery as nearly half of the government's biggest suppliers are flouting a landmark anti-slavery law, analysts said on Thursday.
25 March 2018, 18:00 PM

Prices of rice dip in Asia

Rice export prices slipped this week across most Asian hubs, with easing demand weighing on rates in India, and a peaking harvest hurting Vietnamese rates, although inquiries from Bangladesh could trigger fresh activity.
22 March 2018, 18:00 PM

BMW delays electric car mass production until 2020

BMW has held back the mass rollout of electric cars until 2020 because current fourth generation electric car technology is not profitable enough for volume production, Chief Executive Harald Krueger said.
22 March 2018, 18:00 PM

Jaguar Land Rover vehicles to use BlackBerry software

Luxury carmaker Jaguar Land Rover will use BlackBerry Ltd's infotainment and security software in its vehicles, the companies said on Thursday.
22 March 2018, 18:00 PM

Eurozone sees 'quite dramatic' activity slowdown: Markit

Growth in eurozone business activity grew at its slowest rate for over a year in March, a key survey showed on Thursday, signalling that the economic recovery in the single currency area's was losing momentum.
22 March 2018, 18:00 PM

UK retail sales rebound in February

British retail sales rebounded in February from the previous month, boosted by growth in food and online purchases, official data showed on Thursday.
22 March 2018, 18:00 PM

Protectionist fears damp German business confidence

Confidence among German businesses fell back in March, a regular survey showed Thursday, with managers' mood clouding over as the threat of a transatlantic trade war draws nearer.
22 March 2018, 18:00 PM

Zuckerberg apology fails to cheer up Facebook shares

Shares of Facebook Inc fell 1.5 percent in premarket trading on Thursday as an apology from Chief Executive Mark Zuckerberg failed to quell Wall Street nerves about the company's handling of a row over user privacy.
22 March 2018, 18:00 PM

US jobless claims up slightly in tight market

First-time claims for US jobless benefits rose modestly last week but were still at historically low levels, pointing to the continued health of labor markets, government data showed Thursday.
22 March 2018, 18:00 PM

China blames US for staggering trade surplus as tariffs loom

China blamed US export restrictions for its record trade surplus with the United States, but expressed hope that a solution can be found to settle trade issues between the world's two biggest economies as US tariffs loom.
22 March 2018, 18:00 PM

China raises a key market interest rate, following Fed's move

China gingerly raised a key short-term interest rate on Thursday following the US Federal Reserve Bank's move overnight, in a symbolic reminder that Beijing is keeping an eye on global market trends even as it cracks down on financial risks at home.
22 March 2018, 18:00 PM

UK jobless rate dips to 4.3pc

Britain's unemployment rate dipped in January, reverting to the lowest level since 1975 after a brief rise the previous months, official data showed on Wednesday.
21 March 2018, 18:00 PM

EU unveils digital tax targeting Facebook, Google

The EU unveiled Wednesday proposals for a digital tax that targets US tech giants, heaping more problems on Facebook after revelations over misused data of 50 million users shocked the world.
21 March 2018, 18:00 PM

Google boosts efforts to help news firms, with $300m

Google on Tuesday launched a new initiative, committing $300 million to help news publishers get more paid subscribers while stemming the flow of misinformation.
21 March 2018, 18:00 PM

In India, digital gold sellers hope trickle will become a rush

A digital revolution is reshaping India's $34 billion gold market, with smartphones, e-wallets and flexible investment schemes drawing new buyers into a business dominated by traditional, face-to-face transactions.
21 March 2018, 18:00 PM

Trump trade war biggest risk to world economy: German experts

US President Donald Trump's tariffs on steel and aluminium risk escalating into a threat to the international trading system, a highly-regarded group of German economists said Wednesday.
21 March 2018, 18:00 PM

G20 pushes for free trade as US vows to defend national interest

World financial leaders pleaded for an endorsement of free trade on Monday amid worries about US metals tariffs and looming trade sanctions on China, but Trump administration officials said they would not sacrifice US national interests.
20 March 2018, 18:00 PM

India scraps export duty on sugar to lift local prices

The Indian government yesterday withdrew the 20 percent export duty on sugar in a bid to boost sales abroad and lift domestic prices amid surplus production in the world's second largest producer of the sweetener.
20 March 2018, 18:00 PM

Puma sets 2022 targets to lift profits, sales

German sportswear brand Puma expects to boost underlying sales by around 10 percent a year up to 2022 and bring its profitability closer to that of larger rivals Adidas and Nike, it said on Tuesday.
20 March 2018, 18:00 PM