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New job creation vital for Bangladesh: WB
The momentum in job creation in Bangladesh has slowed in recent years despite robust economic growth, said the World Bank yesterday.
5 June 2017, 18:00 PM
Solar energy boom turns to bust for Indian manufacturers
Some of India's biggest solar equipment makers are facing financial collapse, priced out by Chinese competitors as Prime Minister Narendra Modi's government prioritises cheap power over local manufacturing despite his 'Make in India' push.
5 June 2017, 18:00 PM
WB sees improving global economy but risks remain
The global economy is set to post solid growth this year, amid improving world trade and better performance by large emerging markets, but key risks could still threaten the outlook, the World Bank said Sunday.
5 June 2017, 18:00 PM
India's mobile internet use increases ninefold
Mobile internet usage in India has increased ninefold in a single year, after the launch of a new operator sparked a telecoms price war, according to a new report.
5 June 2017, 18:00 PM
Laptop ban hot topic as airlines meet in Cancun
Top airline industry players are meeting Monday and Tuesday in Cancun to seek alternatives to the US and British bans on laptops and tablets on certain flights, which they say is hurting business.
5 June 2017, 18:00 PM
Slovenia's eco-hero who crushed a cement giant
When he saw swallows nesting in the barn for the first time in almost two decades, Slovenian farmer Uros Macerl felt vindicated. His exhausting battle against a polluting industrial giant had been worthwhile.
5 June 2017, 18:00 PM
Nepal, China sign mega hydropower agreement
Nepal has signed an agreement with a Chinese company to build the largest hydroelectric plant in the impoverished landlocked country, which suffers from a chronic energy shortage.
5 June 2017, 18:00 PM
India's services activity accelerates in May
Activity in India's services industry accelerated in May as domestic and foreign orders rose, prompting firms to create jobs at the fastest pace in nearly four years, a private business survey showed on Monday.
5 June 2017, 18:00 PM
Oil prices dip
Oil prices reversed gains to trade down on Monday on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal to reduce oil production.
5 June 2017, 18:00 PM
S Korea unveils $10b stimulus to boost jobs, welfare
South Korea launched on Monday a $10 billion stimulus package to create jobs and bolster welfare programmes in the country faced with slow growth and ageing population. The 11.2-trillion won plan is the first since Moon Jae-In was elected president of Asia's
5 June 2017, 18:00 PM
Greece revises Q1 up to 0.4pc growth
The Greek economy grew by a slim 0.4 percent in the first three months of 2017, official data showed Friday, revising a contraction of 0.1 percent reported in May.
4 June 2017, 18:00 PM
Blockchain seen as tool in food safety
The food industry is turning to the same technology used by virtual currencies to strengthen food safety and inventory management by tracking meats and crops from farm to table.
4 June 2017, 18:00 PM
South Korea says extra budget aimed at job creation, not economic stimulus
An extra budget to be announced by South Korea on Monday is intended to create more jobs, not to boost economic growth, the president's secretary for policy said on Sunday.
4 June 2017, 18:00 PM
Yuan, rupee seen weakening over coming year
The Chinese yuan and Indian rupee are expected to shed some of this year's gains and weaken slightly against the dollar over the coming 12 months if the US Federal Reserve raises interest rates further as expected, a Reuters poll showed.
4 June 2017, 18:00 PM
Jeep hits pothole even as Fiat counts on expanding sales
The iconic Jeep brand is the cornerstone of Fiat Chrysler's strategy to bolster its position in the global auto industry, but the brand's US sales have hit a pothole.
4 June 2017, 18:00 PM
Brazil recession recedes but outlook still dark
Brazil emerged from its worst ever recession in the first quarter of 2017, officials said Thursday, but political turmoil continued to threaten the weak recovery.
4 June 2017, 18:00 PM
Bulgaria seeks to speed up euro adoption
The EU's poorest member, Bulgaria, said Friday it will start lobbying to join the European Exchange Mechanism as a first step to its planned adoption of the euro.
4 June 2017, 18:00 PM
India to levy 3pc tax on gold under new regime, industry relieved
India will tax gold at a rate of 3 percent under a new nationwide sales tax that comes into effect on July 1, the government said on Saturday.
4 June 2017, 18:00 PM
Canada exports to US hit record high
Canada's trade deficit narrowed in April to Can$370 million (US$274 million), as exports to the United States hit a record high, the government statistical agency announced Friday.
3 June 2017, 18:00 PM
Apple set to expand Siri, taking different route from Amazon's Alexa
Apple Inc is expected to announce plans next week to make its Siri voice assistant work with a larger variety of apps, as the technology company looks to counter the runaway success of Amazon.com Inc's competing Alexa service.
3 June 2017, 18:00 PM