UK inflation slows in Feb

British inflation was weaker than expected in February as the impact of the 2016 Brexit vote faded, easing some of the squeeze on households' spending power but doing little to change bets on a Bank of England rate rise in May.
20 March 2018, 18:00 PM

US to accept metals tariffs exclusion requests from today

The US Commerce Department said it will begin accepting requests from today for product exclusions from President Donald Trump's
18 March 2018, 18:00 PM

US Fed to raise rates with trade tensions on horizon

The Federal Reserve this week will fire the opening salvo in a series of interest rate hikes this year, hoping to get out in front of an expected pickup in inflation.
18 March 2018, 18:00 PM

Australia, Southeast Asian summit ends with rebukes against trade protectionism

The leaders of Australia and Singapore closed a regional summit on Sunday with a stand against protectionism, arguing in favour of multi-nation trade deals as fears mount that US plans for new tariffs could stoke a global trade war.
18 March 2018, 18:00 PM

Zara and H&M shore up defences as internet threatens

Logistics investments, new technology... Faced with fierce online competition from the likes of Amazon, affordable fashion giants Zara and H&M are shoring up their defences, trying to use their stores to boost internet sales.
18 March 2018, 18:00 PM

Merkel, Xi agree to work on steel overcapacity within G20

German Chancellor Angela Merkel and Chinese President Xi Jinping discussed overcapacity in world steel markets and agreed on Saturday to work on solutions within the framework of the G20 group of industrialised nations, Merkel's spokesman said.
18 March 2018, 18:00 PM

New German finance ministry pushes free trade at G20 meeting

Germany's new finance minister Olaf Scholz warned on Sunday that protectionism could harm future economic prospects and said Germany would continue talks to dissuade the United States from imposing planned punitive steel and aluminium tariffs.
18 March 2018, 18:00 PM

Abu Dhabi awards France's Total stakes in oil concessions

Abu Dhabi state energy company ADNOC said Sunday it had awarded French oil giant Total stakes in two offshore oil concessions, as it looks to boost production by year's end.
18 March 2018, 18:00 PM

Quick fix? Struggling Singapore retailers turn to vending machines

With sales stagnating and high rent and manpower costs eating away at his profits, Azan Tengku, the director of Singaporean gift company Kalms, decided to close down his stores and move all his products into vending machines.
18 March 2018, 18:00 PM

Huge bonuses at Deutsche Bank despite 2017 loss

Germany's top lender Deutsche Bank said it quadrupled bonus payouts to staff in 2017, despite booking a bigger-than-expected net loss for the year.
18 March 2018, 18:00 PM

India regains status as fastest growing major economy

India regained its status as the world's fastest growing major economy in the October-December quarter, surpassing China for the
1 March 2018, 18:00 PM

US consumer inflation picks up in January

US consumer prices increased in January, with a gauge of underlying inflation posting its largest gain in 12 months, bolstering views that
1 March 2018, 18:00 PM

Indian jeweler's bankrupt US firm whets buyer interest amid probe

Potential buyers have expressed strong early interest in a bankrupt US firm of Indian jeweler Nirav Modi, who has been accused of
1 March 2018, 18:00 PM

Facebook jobs service spreading to more countries

Facebook on Wednesday announced that its year-old job-hunting service is expanding to dozens more countries, aiming to connect
1 March 2018, 18:00 PM

Exposition on infrastructure development begins in city

A four-day exposition began in Dhaka yesterday with an aim to promote development of green industries and raise awareness about
1 March 2018, 18:00 PM

Eurozone unemployment holds at nine-year low

Europe's economic recovery remains on track, with eurozone unemployment at its lowest level since December 2008, official figures
1 March 2018, 18:00 PM

EU approves Ray-Ban maker's merger with French firm

The EU on Tuesday approved the proposed merger between French lens-maker Essilor and Luxottica, the Italian eyewear company that
1 March 2018, 18:00 PM

Canada budget breaks down gender barriers

Canada's finance minister unveiled a budget Tuesday that looks to boost the number of working women to head off a looming labor shortage.
28 February 2018, 18:12 PM

Economists see stability in Xi supremacy, Chinese eye exit

AS Xi Jinping marches toward presidency for life, economists are lauding the stability of his continued rule but the move has caused
28 February 2018, 18:11 PM

German jobs bonanza drives employment to record high

Germany's jobless total fell more than expected in February and employment hit a record high in January, data showed on Wednesday,
28 February 2018, 18:10 PM