Grim December for EU’s top economies caps year of trade war

Industrial production fell back sharply in both Germany and France in December, official data showed Friday, closing off a year that saw trade conflicts above all weigh on the top EU economies.
8 February 2020, 18:00 PM

Shanghai to help Tesla resume production amid coronavirus spread

US electric carmaker Tesla’s factory in China’s financial hub of Shanghai will resume production on Feb. 10 with assistance to help it cope with a spreading epidemic of coronavirus, a Shanghai government official said on Saturday.
8 February 2020, 18:00 PM

Coronavirus claims world’s biggest capacity car plant

The most productive car factory in the world fell quiet on Friday as South Korea’s Hyundai suspended operations at its giant Ulsan complex, hamstrung by a lack of parts with the coronavirus outbreak crippling China’s industrial output.
8 February 2020, 18:00 PM

Uber and Lyft take different roads in search of profit

Uber Technologies Inc and Lyft Inc, the two leading US ride-hailing companies, are on divergent paths as Uber pours money into money-losing side businesses while smaller rival Lyft focuses on moving people around.
8 February 2020, 18:00 PM

Growth in global oil demand to slow from 2025: IEA

Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases, but consumption is unlikely to peak in the next two decades, the International Energy Agency said on Wednesday.
13 November 2019, 18:00 PM

‘Made in Germany’: Tesla sets up shop in Berlin

US electric vehicle pioneer Tesla will build its first European factory and design center near Berlin to produce cars “Made in Germany” as it seeks to burnish its reputation for reliability and sporting prowess.
13 November 2019, 18:00 PM

UK inflation falls faster than expected in October

British annual inflation dropped faster than expected in October to a near three-year low at 1.5 percent as lower energy prices offset rising prices for clothes, official data showed Wednesday.
13 November 2019, 18:00 PM

Toshiba reports best profit in two years

Japan’s Toshiba Corp posted its highest quarterly profit in two years on Wednesday and said it will buy out three of its listed subsidiaries as the industrial conglomerate moves on from accounting scandals and a management crisis.
13 November 2019, 18:00 PM

New Zealand holds off further cuts to record low rates

New Zealand’s central bank held interest rates at a record low on Wednesday but said it was ready to step in with stimulus to support the struggling economy.
13 November 2019, 18:00 PM

Trump hails economic boom, says China trade deal is ‘close’

President Donald Trump on Tuesday took credit for an American economic renaissance but was greeted by another salvo from US industries that blame his trade wars for jeopardizing employment, wounding business and burdening consumers with higher costs.
13 November 2019, 18:00 PM

Trade war endangers 1.5m jobs in US: CA ports study

The US-China trade war threatens almost 1.5 million jobs across the United States that depend on the movement of goods through ports in southern California, according to a report released Tuesday.
13 November 2019, 18:00 PM

Alibaba given OK for huge Hong Kong listing

Chinese online retail titan Alibaba has been given the go-ahead to list shares in Hong Kong, reports said Wednesday, in what could be the city’s biggest IPO in almost a decade.
13 November 2019, 18:00 PM

Frustration, safety fears grip finance firms

Finance firms in Hong Kong urged staff on Wednesday to seek safety or work from home as anti-government protests paralysed the city’s business district for a third day in one of the biggest disruptions faced by the Asian finance hub.
13 November 2019, 18:00 PM

Easy access to company data will check stock manipulation

Chinese stock exchanges ensure every data of listed companies is available to investors in order to guarantee transparency and avoid manipulation, said a top official the Shenzhen Stock Exchange (SZSE).
13 November 2019, 18:00 PM

Regulators begin probe into Google-Ascension cloud computing deal

A US federal regulator has initiated an investigation into a cloud computing deal between Alphabet Inc’s Google and Ascension Health which would give Google access to detailed health information of millions of patients, the Wall Street Journal reported on Tuesday.
13 November 2019, 18:00 PM

Unilever appoints Andersen as new chairman

Unilever on Wednesday named non-executive director Nils Andersen as its new chairman, appointing an executive with deep experience across consumer goods and logistics industries to help the Dove soap maker navigate a dip in emerging market sales growth and fix its foods business.
13 November 2019, 18:00 PM

Datasoft, eGeneration win global awards

Local tech firm Datasoft Manufacturing and Assembly (DMA) Inc won the outstanding ICT company award from the Asian-Oceanian Computing Industry Organisation (ASOCIO) for its Bangabandhu Hi-Tech City plant.
13 November 2019, 18:00 PM

Chinese takeover marks new chapter in history of British Steel

A Chinese buy-out marks a new chapter in the tumultuous history of steelmaking in the United Kingdom, which has been characterised by nationalisation, privatisations and recurring crises.
13 November 2019, 18:00 PM

India’s October services activity contracts for second straight month

Activity in India’s dominant services industry contracted for a second consecutive month in October due to muted demand, a private business survey showed on Tuesday, driving business optimism to a near-three year low.
5 November 2019, 18:00 PM

China presses Trump for more tariff roll-backs in ‘phase one’ trade deal

China is pushing US President Donald Trump to remove more tariffs imposed in September as part of a “phase one” US-China trade deal, people familiar with the negotiations said on Monday.
5 November 2019, 18:00 PM