Google target of new US antitrust probe

More than 30 US state attorneys general are readying an investigation into Alphabet Inc’s Google for potential antitrust violations, a source knowledgeable about the probe said on Tuesday.
4 September 2019, 18:00 PM

Pound extends recovery amid Brexit drama

The pound rebounded further Wednesday, but gains were capped by investor anxiety after Brexit turmoil sent the currency tumbling and set the stage for a potential snap UK election next month.
4 September 2019, 18:00 PM

US investment in Malaysia up sharply as trade row worsens

Malaysia approved US investment worth $5.62 billion in the first half of the year compared with $113 million the previous year, the government said on Wednesday, a possible sign of a diversion of US business as a trade row with China drags on.
4 September 2019, 18:00 PM

Huawei says US enticing, coercing staff to provide company info

China’s Huawei Technologies on Tuesday said the US government had instructed law enforcement to “coerce” and “entice” its employees to turn against the company, as it steps up its pushback against a US campaign that could threaten its survival.
4 September 2019, 18:00 PM

Eurozone inflation stays below target

Inflation in the eurozone remained at a low 1.0 percent in August, official data showed Friday, heaping pressure on the European Central Bank to reboot its controversial economic stimulus.
31 August 2019, 18:00 PM

China to exempt Tesla cars from 10pc purchase tax

China will exempt Tesla Inc’s electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday, a concession made amidst trade tensions with the United States.
31 August 2019, 18:00 PM

India announces series of state bank mergers

India announced a series of mergers involving 10 state-owned banks on Friday, as it moves to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending and revive economic growth.
31 August 2019, 18:00 PM

Amazon and Indian trader group in public spat over discounts

Amazon.com defended its business strategies in India as it came under fire from a local trader group on Friday over discounted products on the global e-commerce giant’s website.
31 August 2019, 18:00 PM

US, China to meet this month, but tariff hikes remain

Trade teams from China and the United States continue to talk and will meet in September, but tariff increases on Chinese goods set to go in place on Sunday will not be delayed, President Donald Trump said on Friday.
31 August 2019, 18:00 PM

India growth slows to 5pc in fresh blow to Modi

India’s economic growth slowed for the fifth straight quarter in the April-to-June period to 5.0 percent, government figures showed Friday in a fresh blow to Prime Minister Narendra Modi.
31 August 2019, 18:00 PM

US doesn’t have a ‘tariff problem’, it has a ‘Fed problem’: Trump

President Donald Trump on Friday denied his trade wars were harming the US economy, instead lashing out the Federal Reserve and poorly run American companies.
31 August 2019, 18:00 PM

Google to pay up to $200m to FTC on YouTube probe

Alphabet Inc’s Google will spend up to $200 million to settle a Federal Trade Commission investigation into YouTube’s alleged violation of a children’s privacy law, a person briefed on the matter told Reuters.
31 August 2019, 18:00 PM

Reaching Europe through Delhi

If the recent delivery of garment shipment from Dhaka to Manchester via Indira Gandhi International Airport’s newly-launched Transshipment Excellence Centre (TEC) is anything to go by, it could emerge as a boon for Bangladesh’s textile and retail industry looking to reach markets in Europe and the US.
31 August 2019, 18:00 PM

Saudi Arabia splits industry and mining from energy ministry

Saudi Arabia created a new ministry for industry and mineral resources, separating it from the kingdom’s colossal energy ministry, and replaced the powerful head of the royal court, in a series of royal orders issued late on Friday.
31 August 2019, 18:00 PM

China’s factory activity shrinks

Factory activity in China shrank in August for the fourth month in a row as the United States ramped up trade pressure and domestic demand remained sluggish, pointing to a further slowdown in the world’s second-largest economy.
31 August 2019, 18:00 PM

India’s economic growth seen slipping in April-June

India’s economy likely expanded at its weakest pace in more than five years in April-June, a Reuters poll showed, as consumer demand and private investment weakened at a time global trade frictions have dampened business sentiment.
29 August 2019, 18:00 PM

S Korea Supreme Court orders retrial for Samsung heir

South Korea’s top court on Thursday ordered a new trial for Samsung heir Lee Jae-yong, who was convicted of offences including bribery and embezzlement in connection with the scandal that brought down former president Park Geun-hye.
29 August 2019, 18:00 PM

UK deadline looms for bank payouts over PPI scandal

Britons faced a crunch deadline Thursday to claim compensation for mis-sold insurance that is costing UK banks billions of pounds, while tarnishing their battered reputations further following several financial scandals.
29 August 2019, 18:00 PM

Oil giants shower Qatar with crown jewels in race for LNG prize

When Royal Dutch Shell wanted to buy a stake last year in a promising exploration block off South Africa, Total, the asset’s main shareholder, used its right to stymie the deal and acquired the share itself, only to sell it on to Qatar Petroleum.
29 August 2019, 18:00 PM

Tesla rolls out insurance in California

Tesla Inc said on Wednesday it was launching an insurance service designed to give drivers in California, its biggest market, lower rates because of safety features on its electric vehicles.
29 August 2019, 18:00 PM