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29 June 2026, 21:42 PM Business

EU launches WTO dispute against China

The European Union launched a legal challenge against China at the World Trade Organization on Friday, arguing that Chinese courts were preventing European companies from protecting their telecom technology patents.
19 February 2022, 18:00 PM

New trade tools needed to fight China state-led trade

The United States needs to pursue new strategies and update its domestic trade tools to deal with China’s  “state-led, non-market policies and practices”, the US Trade Representative’s office said on Wednesday in a new assessment report.
17 February 2022, 18:00 PM

US industrial production roared back in January

US industrial production grew more than expected in January, the Federal Reserve reported Wednesday, amid a surge in heating demand and strong mining activity.
17 February 2022, 18:00 PM

StanChart bets on rate hikes to hit lofty goals

Standard Chartered has raised its core profitability goals and promised shareholders extra payouts, despite full year profit undershooting expectations, as it banks on inflation-battling rate hikes worldwide to boost lending.
17 February 2022, 18:00 PM

Canada inflation hits 30-year high

Canadian inflation rose to 5.1 per cent in January -- far outpacing economists’ expectations -- as price increases hit a 30-year high, the government statistical agency said Wednesday.
17 February 2022, 18:00 PM

IMF chief urges G20 to move faster on debt relief

Advanced nations should  “immediately” provide relief to developing nations whose debt burdens have swelled due to the Covid-19 pandemic, IMF Managing Director Kristalina Georgieva said Wednesday.
17 February 2022, 18:00 PM

China’s inflation slows, leaving room for policy easing

China’s factory-gate inflation eased to its slowest pace in six months and consumer price growth also softened in January amid weakening property sector demand, new coronavirus curbs and government efforts to rein in surging materials costs.
16 February 2022, 18:00 PM

Markets rally on hopes for easing Russia-Ukraine tensions

Asian markets rebounded Wednesday and Europe extended gains on hopes that Russia will not invade Ukraine after Moscow said some of its troops on the countries’ border had started pulling back.
16 February 2022, 18:00 PM

US wholesale prices spike against forecasts in January

US wholesale prices jumped more than expected last month, according to a government report Tuesday, an indication the inflation wave continues to hit all corners of the world’s largest economy.
16 February 2022, 18:00 PM

UK inflation hits fresh 30-year high

UK annual inflation has hit the highest level since 1992, data showed Wednesday, adding pressure to the cost of living and on the Bank of England to keep raising rates.
16 February 2022, 18:00 PM

Fed’s credibility ‘on the line’ amid US inflation spike

The Federal Reserve needs to accelerate the pace of interest rate increases to fight inflation, but can do so in a way that doesn’t roil financial markets, St. Louis Fed President James Bullard said Monday.
15 February 2022, 18:00 PM

Britain unemployment rate steady

The UK’s unemployment rate remained steady at the end of last year despite the emergence of the Omicron variant of the coronavirus, official data showed on Tuesday.
15 February 2022, 18:00 PM

India bans 54 Chinese apps

India has blocked access to 54 mobile apps, mainly Chinese but also including Singapore-based Sea Ltd’s Free Fire game, over security concerns, government sources said on Tuesday, a day after Sea shares sank 18 per cent on a report of the ban.
15 February 2022, 18:00 PM

Japan, private sector can help bring investment

Japan and its private sector can play a pivotal role in bringing in investment to Bangladesh and help the country tap opportunities in the time of the fourth industrial revolution, said speakers yesterday.
15 February 2022, 18:00 PM

German investor morale rises

Confidence among investors in Germany grew in February, according to figures published Tuesday, in spite of rising tensions with Russia over Ukraine and lingering supply chain issues.
15 February 2022, 18:00 PM

Japan’s economy rebounds on solid spending

Japan’s economy rebounded in the final three months of 2021 as falling coronavirus cases helped prop up consumption, though rising raw material costs and a spike in new Omicron variant infections cloud the outlook.
15 February 2022, 18:00 PM

WB economist warns of dangers of ignoring growing debt

Delays in dealing with the growing debt burden in poor countries seems unlikely to be resolved by the G20, a top World Bank official warned.
15 February 2022, 18:00 PM

Apollo to invest $1.4b in Abu Dhabi developer Aldar

Apollo Global Management will invest $1.4 billion in Abu Dhabi developer Aldar Properties , including a land joint venture and an equity investment in the company’s real estate unit, the pair said on Monday.
14 February 2022, 18:00 PM

Boeing confident of working through any disruption

Boeing Co is confident of working through any potential disruption in titanium supplies due to its “very diverse” supply base, a senior executive at the US manufacturer said on Monday.
14 February 2022, 18:00 PM

Hopes for recovery in focus at Asia’s biggest airshow

Asia’s biggest airshow takes place in Singapore this week with the aviation sector hoping 2022 marks a turning point in a region where tough curbs have left coronavirus-battered airlines struggling to recover.
14 February 2022, 18:00 PM