India sharply raises import tax on edible oils to support farmers

India has raised the basic import tax on crude and refined edible oils by 20 percentage points
14 September 2024, 08:04 AM

Cash-strapped Maldives says no need for IMF bailout

The Maldives says its financial troubles are "temporary" and the luxury tourist destination has no plans to seek an International Monetary Fund bailout after warnings of a possible sovereign default
14 September 2024, 07:48 AM

US moves to curb 'trade loophole' over China worries

The US government said Friday it will work to curb the "overuse and abuse" of a mechanism allowing lower-value imports to enter the country duty-free, as concerns grow over Chinese shipments
14 September 2024, 06:09 AM

China retail sales, industrial production slow in August

Chinese retail sales and industrial production growth slowed in August, official data showed Saturday, as leaders in Beijing seek paths to achieve growth targets despite consumers' reluctance to spend
14 September 2024, 06:03 AM

Kenya court halts Adani airport deal

Kenya's High Court has halted a controversial deal for Indian firm Adani to take over the country's main airport -- a decision hailed by critics on Tuesday as "a win for the Kenyan people"
14 September 2024, 05:49 AM

With inflation slowing, ECB to cut rates again

With inflation slowing and the economic outlook darkening, the European Central Bank is expected to cut interest rates again Thursday but is unlikely to give much away about its next moves
12 September 2024, 05:54 AM

China slams Canadian tariff proposal as 'dangerous'

China's Commerce Ministry on Wednesday called Canada's intention to impose further tariffs on its batteries, tech products and critical minerals "dangerous," according to state media
12 September 2024, 05:07 AM

Optimism of US firms in China at record lows: report

American firms in China are grappling with an unprecedented web of challenges, a business group said Thursday, as economic woes and geopolitical tensions drag optimism and profitability to all-time lows
12 September 2024, 05:02 AM

Zara owner Inditex posts record profit for first half

Zara owner Inditex, the world's biggest fashion retailer, posted a record net profit for the first half of the year on Wednesday, despite slower sales growth.
11 September 2024, 06:52 AM

Boeing August MAX deliveries to China highest since 2018

Corrects to say the August China MAX deliveries were highest since December 2018, not December 2019, with error due to incorrect information from Boeing. Headline has been corrected, along with story
11 September 2024, 05:41 AM

EU business lobby head says 'enormous waste' in Chinese EV sector

Overcapacity of Chinese electric vehicles is among the top concerns facing European firms in the country, the president of a business lobby warned Wednesday, decrying "enormous waste" in some key sectors.
11 September 2024, 05:36 AM

China coal production threatens climate goals: study

China's planned expansion of coal mining threatens the country's climate goals and risks vastly increasing its methane emissions, a study warned on Tuesday
10 September 2024, 11:46 AM

UK government sets up board to tackle labour market inactivity

Britain's Labour Party on Tuesday launched a new advisory board that will help address long-standing issues in the country's labour market, including reducing high levels of inactivity among working-age people
10 September 2024, 05:12 AM

Chinese exports top forecasts but imports slow sharply

China's exports jumped in August but imports fell well short of expectations, data showed Tuesday, as the country's leaders struggle to boost consumption in the world's second-largest economy
10 September 2024, 05:04 AM

ECB to deliver fresh rate cut as inflation cools

The European Central Bank is expected to cut interest rates again this week as inflation drifts back down towards its two-percent target, but policymakers will likely stay tight-lipped on future moves
9 September 2024, 05:12 AM

China consumer prices edge up to six-month high in August

Chinese consumer inflation ticked up slightly in August to a six-month high, official data showed Monday, but the reading missed expectations and did little to soothe worries about sluggish spending in the world's number two economy
9 September 2024, 04:56 AM

Moody's raises India's growth forecasts

The rating agency expects India's economy to expand 7.2% in 2024 from 6.8% previously
29 August 2024, 11:25 AM

How a single software update was able to cause IT chaos across the globe

The global IT outage on July 19 serves as a stark reminder of our vulnerability to technological failures
29 August 2024, 06:45 AM

As it reins in wasteful investment, China frets over growth

In the first seven months of this year, local governments have issued only 45.5% of their 3.9 trillion yuan special debt quota
29 August 2024, 06:18 AM

Bajus members demand dissolution of existing board

They want an administrator for the jewellers’ association
28 August 2024, 14:00 PM