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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 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
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
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
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
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
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