New rules drive Japanese trucking sector to the brink

Since April, truck drivers' annual overtime has been capped at 960 hours, or 80 hours per month on average, alongside new rules including on break stops
20 October 2024, 08:33 AM

China's growth reprieve will be short-lived

The People's Bank of China, Ministry of Finance and other departments have at least announced enough stimulus measures to convince economists this year's performance will be on-target
20 October 2024, 04:38 AM

Boeing and workers reach tentative deal to end strike

Boeing confirmed a tentative deal was reached and said it includes a 35 percent pay raise over four years and a one-time signing bonus of $7,000
20 October 2024, 04:29 AM

China posts slowest growth in over a year

China posted its slowest growth in a year and a half on Friday, underlining the deep economic woes the country faces as its central bank launched a new bid to boost markets and hinted at a further rate cut in coming months.
19 October 2024, 18:00 PM

Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook

Brent crude futures fell $1.39, or 1.87 percent, to $73.06 a barrel. US West Texas Intermediate crude settled at$69.22 a barrel, down $1.45 or 2.05 percent
19 October 2024, 06:42 AM

China posts slowest growth in over a year as property woes drag

The economy expanded 4.6 percent year-on-year in the third quarter, down from 4.7 in the previous three months and the slowest since early 2023
19 October 2024, 05:39 AM

US budget deficit widens to $1.8 tn, third highest on record

This year marks the third highest US deficit, behind 2021 and 2020, according to the Treasury
19 October 2024, 05:35 AM

IMF board approves $1.1 billion disbursal for Ukraine

The loan disbursal is the latest tranche of funding the International Monetary Fund has released to Ukraine as part of an ongoing 4-year, $15.5 billion program approved last March.
19 October 2024, 05:31 AM

Japan’s exports fall for first time in 10 months

Japan’s exports fell for the first time in 10 months in September, data showed on Thursday, a worry for policymakers as any prolonged weakness in global demand may complicate the central bank’s path to exit years of ultra-easy monetary policy.
17 October 2024, 18:00 PM

Gold sprints to record high in global market

Gold hit an all-time high on Thursday, steered by uncertainty surrounding the US election and expectations of more interest rate cuts by major central banks, while spotlight shifted to a slew of US data.
17 October 2024, 18:00 PM

Almost 40% of World Bank's recent climate funds unaccounted for: Oxfam

An Oxfam audit found that as much as $41 billion in climate finance could not be found "between the time projects were approved and when they closed."
17 October 2024, 06:34 AM

ECB set to cut rates again as inflation cools

After cutting rates twice already this year, including at their last meeting in September, policymakers initially signalled a preference to wait until December to cut again
17 October 2024, 05:03 AM

China to almost double support for unfinished housing projects

Housing minister Ni Hong said Beijing will "increase the credit scale of white-list projects to four trillion" yuan ($562 billion) by the end of the year
17 October 2024, 04:59 AM

Chinese firm Jidalai to invest $5.85 million in Adamjee EPZ

The company will annually produce 70 million pieces of pullers of zippers
16 October 2024, 12:33 PM

Why women risk losing out in shift to green jobs

Closing the gender gap in science, technology, engineering, and math would accelerate the green transition while making it more inclusive
16 October 2024, 09:17 AM

'Age of Electricity' coming as fossil fuels set to peak: IEA

Demand for oil, gas and coal is still projected to peak by the end of the decade, possibly creating a surplus of fossil fuels, the IEA said in its annual World Energy Outlook
16 October 2024, 08:49 AM

UK inflation hits three-year low, fuelling rate-cut hopes

The Consumer Prices Index (CPI) reached 1.7 percent last month, well below the BoE's two-percent target, after hitting 2.2 percent in August, the Office for National Statistics (ONS) said in a statement
16 October 2024, 07:31 AM

China set to post slowest quarterly growth this year: analysts

Officials have in recent weeks unveiled a string of measures to reignite the world's number-two economy and bring an end to years of depressed business activity with an eye to achieving five percent annual growth
16 October 2024, 06:17 AM

World Bank unlocks another $30 bn by tweaking balance sheet

Key among the reforms was the announcement that the IBRD's minimum equity-to-loans ratio will fall to 18 percent from 19 percent, which will generate $30 billion in additional financing
16 October 2024, 05:25 AM

Trump says 'obnoxious' tariffs will bring factories to US

"You make it so high, so horrible, so obnoxious" companies will "come right away," Trump said.
16 October 2024, 05:22 AM