Gold loses lustre on Middle East war
AFP, London
5 hour(s) ago Business
Budget airlines first to cut flights as jet fuel prices soar
AFP, Paris
29 April 2026, 00:00 AM Global Economy
Oil prices rise 3%
REUTERS, London
29 April 2026, 00:00 AM Global Economy
Thailand projects fewer tourists due to war
AFP, Bangkok
29 April 2026, 00:00 AM Global Economy
Less than 30% of oil wells active in Venezuela
AFP, Caracas
29 April 2026, 00:00 AM Global Economy
US trade deal a genuine partnership for more bilateral trade: US ambassador
Star Business Report
28 April 2026, 19:47 PM Business

EU drafts plan to label gas, nuclear investments as green

The European Union has drawn up plans to label some natural gas and nuclear energy projects as “green” investments after a year-long battle between governments over which investments are truly climate friendly.
1 January 2022, 18:00 PM

Germany shuts three nuclear power plants

Germany has pulled the plug on three of its last six nuclear power stations as it moves towards completing its withdrawal from nuclear power as it turns its focus to renewables.
1 January 2022, 18:00 PM

Foreign carmakers interested in Ford plant in India

Foreign automakers have indicated an interest to the government of India’s Tamil Nadu state in acquiring Ford Motor Co’s plant there, the state industries minister said on Thursday, after inconclusive talks with the Tata Group.
30 December 2021, 18:00 PM

Asian markets down as investors look to uncertain 2022

Asian stocks were mostly down in Wednesday trade as a  “Santa Claus rally” showed signs of fatigue and continued fears over the Omicron variant -- as well as uncertainty about economic prospects for 2022 -- weighed on markets.
29 December 2021, 18:00 PM

Opec+ prioritises mid-term strategy over US calls for more oil

Russian Deputy Prime Minister Alexander Novak said on Wednesday that OPEC+ group of largest oil producers has resisted calls from Washington to boost output because it wants to provide the market with clear guidance and not deviate from policy.
29 December 2021, 18:00 PM

Vietnam’s growth slides to new 30-year low

Vietnam reported economic growth for 2021 of just 2.58 per cent on Wednesday, beating a 30-year low set last year as the pandemic continues to take a toll.
29 December 2021, 18:00 PM

Apple puts India iPhone plant on probation

Apple said Wednesday it has put the Indian plant of its main supplier “on probation” after a mass food poisoning and protests over workers’ living conditions.
29 December 2021, 18:00 PM

Two decades on, euro can’t shake reputation as price driver

Europeans have been living with euro banknotes and coins for 20 years now, but many still point the finger at the single currency for covertly driving up consumer prices -- despite plenty of evidence to the contrary.
29 December 2021, 18:00 PM

China tightens rules on overseas listings in Didi fallout

Beijing has tightened the rules on overseas listings by Chinese firms in a series of new regulations that increase scrutiny of companies seeking to raise funds on foreign stock markets.
28 December 2021, 18:00 PM

South Korea’s exports hit all-time high

South Korea’s exports from the beginning of the year to Monday surpassed the record-high annual outbound shipments of $604.9 billion, observed in 2018, setting a new all-time high.
28 December 2021, 18:00 PM

Global economy rebounds, but for how long?

The world economy woke up from its pandemic-induced coma in 2021, but between the Omicron variant causing renewed disruptions and persistent inflation pushing central banks to pump the brakes, the outlook is uncertain.
28 December 2021, 18:00 PM

Iran’s oil exports are focus of Vienna nuclear talks

Iran’s main focus in nuclear talks that resume in Austria on Monday will be the lifting of all US sanctions in a verifiable process that guarantees Tehran’s unhindered ability to export its oil, the foreign minister said.
27 December 2021, 18:00 PM

Evergrande vows ‘full steam ahead’ to deliver homes

Embattled Chinese firm Evergrande will deliver almost four times the number of housing units to buyers in December than in the previous three months, its chairman said, as the real estate behemoth grapples with massive debts.
27 December 2021, 18:00 PM

US retail sales up 8.5pc this holiday season

US consumers were in the mood to spend this holiday season, with retail sales soaring 8.5 per cent over last year, a study released Sunday showed.
27 December 2021, 18:00 PM

China to stabilise grain output and boost oilseed crop

China will stabilise corn production and expand soybean output in the new year to ensure grain security, the Communist Party’s People’s Daily quoted the agriculture minister as saying on Monday.
27 December 2021, 18:00 PM

UAE plans to scrap monopolies of some big merchant families

The United Arab Emirates government has told some of its biggest business families that it plans to remove their monopolies on the sale of imported goods, the Financial Times reported on Sunday.
27 December 2021, 18:00 PM

Gold flat as weaker US yields balance firmer dollar

Gold held steady on Monday above the key level of $1,800 per ounce, as its enhanced appeal due to slightly weaker US Treasury yields was countered by an uptick in the dollar, making bullion more expensive for holders of other currencies.
27 December 2021, 18:00 PM

World stocks stall as virus concerns linger

World stocks steadied and oil prices eased in quiet trade on Monday as flight cancellations over Christmas revived concerns that the Omicron virus variant could slow down the economy heading into the new year.
27 December 2021, 18:00 PM

US weapons exports fall 21pc to $138.2b in fiscal 2021

Sales of US military equipment to foreign governments fell 21 per cent to $138 billion in the latest fiscal year, the US State Department said on Wednesday, as the Biden administration shifts away from some of the more aggressive arms sales practices under former President Donald Trump.
26 December 2021, 18:00 PM

Hong Kong retailers forge new path without mainland Chinese tourists

Three years of democracy protests followed by a pandemic have devastated Hong Kong retailers who had grown used to relying on cash from mainland Chinese tourists.
26 December 2021, 18:00 PM