Indian brick workers treated 'worse than slaves': NGO

Millions of Indian brick workers are trapped in bonded labour and regularly cheated out of their wages, an anti-slavery group said Wednesday as it demanded government action.
20 September 2017, 18:00 PM

OECD warns global recovery not yet secure

The rebound in global growth is not yet secure, the OECD warned Wednesday, with weak investment by businesses and slow growth in trade and wages raising doubts whether the current momentum will be sustained.
20 September 2017, 18:00 PM

Beijing, Shanghai to close bitcoin exchanges

Banking regulators in Beijing and Shanghai have ordered local cryptocurrency exchanges to shut down, state media reported Tuesday, in the latest blow to the once flourishing Chinese market for virtual money.
20 September 2017, 18:00 PM

Pakistani investors aim for LNG import terminal in early 2019

Three Pakistani industrial groups plan to begin importing liquefied natural gas (LNG) through a private terminal due to be completed in early 2019, bringing the total number of potential LNG import projects in the country to eight.
17 September 2017, 18:00 PM

EU ministers push for Google, Facebook tax

Google and Facebook may face higher tax bills in Europe as the EU rushed Saturday to change rules so that more of Silicon Valley's mega profits fall into public coffers.
17 September 2017, 18:00 PM

Serbian workers rebel against foreign bosses

Qualified, cheap and little protected by law -- Serbian workers have everything to please foreign multinationals.
17 September 2017, 18:00 PM

Apple, Dell join bid to buy Toshiba's chip business

US tech titans Apple and Dell have joined a bid to buy Toshiba's memory chip business, a deal seen as key to the survival of the cash-stripped Japanese industrial conglomerate, the US investor leading the consortium has said.
17 September 2017, 18:00 PM

EU slams Trump's economic policy

The European Union's economic and financial committee has criticised US President Donald Trump's economic policy and is worried that his efforts to boost protectionism pose a threat to the global economy, a German magazine reported on Saturday.
10 September 2017, 18:00 PM

European banks on expensive hiring spree before Brexit

Europe's regulators are competing to hire risk specialists to prepare for an influx of banks escaping Brexit, nudging up salaries and stretching staff budgets.
10 September 2017, 18:00 PM

Apple out to renew iPhone frenzy at age 10

With Apple set to unveil its newest iPhones, a key question for the California tech giant is whether it can recapture the magic from its first release a decade ago.
10 September 2017, 18:00 PM

Ex-manager of RCBC to face charges in Philippines for BB cyber heist

Philippine prosecutors have recommended the filing of charges against a former bank manager for her part in laundering of tens of millions of dollars stolen from Bangladesh's central bank last year but cleared two casino agents and a remittance firm.
7 September 2017, 18:00 PM

Rangpur chamber urges Nepal to establish road, rail connectivity

The Rangpur Chamber of Commerce and Industry on Wednesday urged the Nepalese government to upgrade the Banglabandha-Phulbari-Kakarvita route from two lanes to four lanes to boost trade between the two countries.
7 September 2017, 18:00 PM

How Honda lost its mojo - and the mission to get it back

The driver punched the air as his red and white Honda McLaren roared over the finish line. It was Suzuka, Japan, 1988, and Ayrton
7 September 2017, 18:00 PM

Shell to invest $1b in Mexico

Royal Dutch Shell said Wednesday it would invest $1 billion in Mexico over the next decade, after the oil giant opened its first retail gas station in the country.
7 September 2017, 18:00 PM

Nokia announces nearly 600 job cuts in France

Finnish telecoms giant Nokia said Thursday it planned to cut around 600 jobs in France as it seeks to make cost-savings and refocus its loss-making businesses.
7 September 2017, 18:00 PM

France begins privatisation drive to fund innovation

France has begun selling off shares it still holds in companies as it seeks to raise 10 billion euros ($12 billion) to fund a programme to promote innovation in the country's sclerotic economy.
7 September 2017, 18:00 PM

UK Brexit minister says good prospect of agreeing transitional deal with EU

There is a good prospect Britain will negotiate a transitional arrangement with the European Union before it leaves the bloc in March 2019, Britain's Brexit minister David Davis said on Thursday.
7 September 2017, 18:00 PM

Eicher set to make $1.8b-$2b binding bid for Ducati

India's Eicher Motors is set to make a $1.8 billion-$2 billion bid for Italian motorcycle manufacturer Ducati, the Economic Times daily reported on Thursday, sending the shares in the maker of Royal Enfield motorbikes to a record high.
7 September 2017, 18:00 PM

Diverging paths: As China's big banks improve, smaller lenders lag

After a tough two years, China's largest banks are reporting green shoots, with the top four turning in consensus-beating profits and promising an upbeat second half.
31 August 2017, 18:00 PM

India seen posting stronger economic growth as shock from cash clampdown fades

India's economy likely showed further signs of recovery in the latest quarter from a shock cash squeeze late last year, but the rebound is not expected to be strong enough to help it reclaim the crown of the world's fastest-growing major economy.
31 August 2017, 18:00 PM