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11 May 2026, 19:02 PM Business
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AFP, Tokyo
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China on track to reach high-income status in one to two years
China Daily/ANN
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AFP, Colombo
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Star Business Report
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China trade beats forecasts in April despite Mideast war
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8 May 2026, 09:06 AM Global Business

World trade seen growing 2.4pc in 2017: WTO

World trade is on track to expand by 2.4 percent this year, though there is "deep uncertainty" about economic and policy developments, particularly in the United States, the World Trade Organization (WTO) said on Wednesday.
12 April 2017, 18:00 PM

Cyber breaches have cost shareholders billions since 2013: report

Cyber security breaches erode companies' share prices permanently, with financials the worst hit, a study issued by IT consultant CGI and Oxford Economics has found.
12 April 2017, 18:00 PM

China's One Belt, One Road initiative to foster development in Asia

The “One Belt, One Road" initiative (BRI) of China will foster development in Asia by way of promoting mutually beneficial cooperation and connectivity, according to a Chinese academic.
12 April 2017, 18:00 PM

China live streaming: Would-be internet stars boost billion-dollar market

JING Qi, a part-time presenter on the live streaming platform Huajiao, underwent cosmetic surgery in March to improve her chances of becoming an internet celebrity.
12 April 2017, 18:00 PM

SWIFT to introduce tool to spot fraudulent inter-bank messages

Interbank messaging service SWIFT, which is used to transfer trillions of dollars between banks every day, will launch a new tool to spot fraudulent messages, seeking to restore trust in the system after millions of dollars were stolen in cyber raids.
12 April 2017, 18:00 PM

ITFC organises first African-Asian Cotton B2B meeting

In its continuous efforts to promote and foster intra-trade development, the International Islamic Trade Financing Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, organises its first African-Asian Cotton B2B Meeting event as part of its Cotton Development and Partnership Program.
12 April 2017, 11:14 AM

Greece wants eurozone summit if debt talks fail: Tsipras

Greece has asked for a eurozone summit to be held if creditor talks on Friday fail to break months of deadlock on the country's debt and reform goals, Prime Minister Alexis Tsipras said Wednesday.
5 April 2017, 18:00 PM

No parallel Brexit and trade talks: EU's chief negotiator

Britain must stop pressing for immediate parallel talks with the European Union on a post-Brexit free trade deal, EU chief negotiator Michel Barnier said on Wednesday, and first agree on withdrawal terms.
5 April 2017, 18:00 PM

Britain to help reform Saudi economy

Britain said Wednesday it would help Saudi Arabia to diversify its oil-dependent economy as British Prime Minister Theresa May visited the Gulf kingdom.
5 April 2017, 18:00 PM

Credit Suisse scandal threatens Swiss efforts to clean up reputation

An anonymous tip to Dutch authorities on thousands of suspicious accounts at Credit Suisse could hardly have come at a worse time for Switzerland and its banks.
5 April 2017, 18:00 PM

BMW's UK workers to begin strike over pensions on April 19

British workers at BMW will hold eight strikes over the next few weeks to oppose plans by the carmaker to close their final salary pensions, beginning with a walkout at the firm's Mini plant and engine facility, Britain's biggest union said.
5 April 2017, 18:00 PM

Apple aims for more control, less cost as it accelerates in chip design

APPLE Inc's decision to stop licensing graphics chips from Imagination Technologies Group Plc is the clearest example yet of the iPhone maker's determination to take greater control of the core technologies in its products - both to guard its hefty margins and to position it for future innovations, especially in so-called augmented reality.
5 April 2017, 18:00 PM

US agrees to ChemChina's $43b takeover of Syngenta

US authorities have agreed to the $43 billion takeover of Swiss pesticide giant Syngenta by state-owned ChemChina, marking the biggest overseas acquisition by a Chinese firm.
5 April 2017, 18:00 PM

Amazon drops appeal, to pay $70m for kids app buys

Amazon has dropped its appeal of a US regulator's order and will pay refunds up to $70 million for app purchases by children on its tablet computers, officials said Tuesday.
5 April 2017, 18:00 PM

SoftBank preps Snapdeal for sale

Snapdeal's three biggest investors - Japan's SoftBank, Kalaari Capital and Nexus Venture Partners have moved closer to resolving an impasse, potentially clearing the way for a sale of the e-tailer to one of its rivals, Flipkart or Paytm, according to a Mint report, citing unnamed sources.
5 April 2017, 18:00 PM

UK, Swedish watchdogs warn of global cyber attack

A large-scale cyber attack from a group targeting organisations in Japan, the United States, Sweden and many other European countries through IT services providers has been uncovered, the Swedish computer security watchdog said on Wednesday.
5 April 2017, 18:00 PM

LNG producers turn to trading, risk taking to maintain market share

Producers of liquefied natural gas (LNG) have shot themselves in the foot with oversupply, and face calls for flexibility and greater competition from other fuels that may force them to take more risks and start trading just like other commodity dealers.
5 April 2017, 18:00 PM

State Bank of India sees cost savings after merger with units

State Bank of India, the nation's top lender by assets, expects no nasty surprises on bad loans after merging five subsidiary banks with itself at the weekend in a deal that will help it save costs and gain scale, senior executives said.
3 April 2017, 18:00 PM

Business confidence rises again in Japan

Confidence among Japan's biggest manufacturers has risen for the second straight quarter, a key central bank survey showed Monday, a welcome boost for the world's third-largest economy.
3 April 2017, 18:00 PM

Made in Senegal? New industrial park woos Chinese firms

Four new factory buildings rise up from fields on the outskirts of Senegal's capital, the first phase of a government plan to woo Chinese companies shifting low-end manufacturing to Africa as wages in East Asia rise.
3 April 2017, 18:00 PM