Boeing to cut 10% of workforce as it sees big Q3 loss

The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said, adding that the cuts of 17,000 positions globally "will include executives, managers and employees."
12 October 2024, 05:23 AM

China says will issue special bonds to boost ailing economy

The measures, announced at a highly anticipated press conference by Finance Minister Lan Fo'an and other officials, came on top of a series of steps announced over the last weeks
12 October 2024, 05:20 AM

Ratan Tata: Indian mogul who built a global powerhouse

Industrialist Ratan Tata, who has died aged 86, was credited with transforming India’s Tata Group into a globally renowned conglomerate with a portfolio ranging from software to sports cars.
10 October 2024, 18:00 PM

China opens $71b ‘swap facility’ to boost markets

China’s central bank boosted support for markets Thursday by opening up tens of billions of dollars in liquidity for firms to buy stocks as part of a raft of measures by Beijing to kickstart the country’s flagging economy.
10 October 2024, 18:00 PM

Climate action not a burden, but an opportunity for businesses: energy adviser

Bangladesh Apparel Exchange organised the second edition of Bangladesh Climate Action Forum 2024 today
10 October 2024, 12:21 PM

Chinese electric car companies cope with European tariffs

MG, an historic British company that is now a subsidiary of Shanghai SAIC, now faces EU duties of 35.3 percent
10 October 2024, 08:04 AM

Oil prices rise on US storm, fears of Israel-Iran conflict

US President Joe Biden spoke with Israeli Prime Minister Benjamin Netanyahu about Israel's plans concerning Iran in a 30-minute call on Wednesday that the White House described as "direct and very productive"
10 October 2024, 06:13 AM

German govt sees economy shrinking again in 2024

Output is expected to shrink by 0.2 percent in 2024, the economy ministry said in a statement
10 October 2024, 05:05 AM

China opens $71 bn 'swap facility' to boost markets

The news lit a fire under mainland and Hong Kong equities on renewed hopes that officials would finally get a grip on the issues that have dogged the economy for years
10 October 2024, 04:56 AM

The US economy is solid: Why are voters gloomy?

Cooling inflation, low unemployment, robust economic growth and... downbeat voters.
9 October 2024, 18:00 PM

Neither precedent nor Trump can save Big Tech

After losing a jury trial against game store Epic Games in December, a judge has now ruled that Google must open a key piece of its Android smartphone operating system
9 October 2024, 11:25 AM

China to outline fiscal policy as traders await action

The news comes after traders on the mainland and in Hong Kong were left disappointed by a news conference Tuesday in which officials failed to unveil any new stimulus and provided scant detail on its plans for implementing the raft measures already flagged
9 October 2024, 09:40 AM

India central bank leaves interest rates unchanged

Central bank governor Shaktikanta Das said the bank would remain "unambiguously focused" on aligning inflation with its target while still supporting growth.
9 October 2024, 06:59 AM

Oil prices steady after sliding on potential Israel-Hezbollah ceasefire

Brent crude futures rose 22 cents, or 0.3 percent, to $77.4 a barrel by 0349 GMT
9 October 2024, 04:53 AM

China says raised 'serious concerns' with US over trade curbs

Chinese Commerce Minister Wang Wentao's call with US Commerce Secretary Gina Raimondo was described by Beijing as "candid, in-depth and pragmatic".
9 October 2024, 04:32 AM

The US economy is solid: Why are voters gloomy?

Despite indicators showing the US economy is moving in a healthy direction, many Americans remain pessimistic about business and job prospects -- a mood that poses a frustrating problem for Vice President Kamala Harris in her neck-and-neck race with Donald Trump for the White House
9 October 2024, 04:24 AM

US judge orders Google to open Android to rival app stores

A US judge on Monday ordered Google to open its Android smartphone operating system to rival app stores, in a fresh legal setback for the tech giant.
8 October 2024, 18:00 PM

Foxconn to build world’s largest ‘superchip’ plant

Taiwanese tech giant Foxconn said on Tuesday it is building the world’s largest production plant for US hardware leader Nvidia’s GB200 “superchips” that power artificial intelligence servers.
8 October 2024, 18:00 PM

China holds off on fresh stimulus but 'confident' will hit growth target

Beijing has struggled to reignite business activity as officials target around five percent expansion, which analysts say is optimistic given the numerous headwinds, from a prolonged housing crisis to sluggish consumption and local government debt
8 October 2024, 06:54 AM

As Nike struggles, Adidas must surf Samba wave with caution

In a bid to attract shoppers who want to buy into the trend but still want to feel unique, Adidas has kept churning out new colourways for the Samba, Gazelle and Spezial, with some models featuring tongues like football boots, and contrast stripes in new materials like velvet.
8 October 2024, 05:28 AM