In pursuit of 'Naya Pakistan'

Imran Khan's first speech to the nation after taking office as Pakistan's prime minister was impressive in its range of reforming ambition.
7 September 2018, 18:00 PM

Ten years later, risks lurk to global economy

The US financial system 10 years ago was brought down by toxic investments with mysterious acronyms. Today the risks to global economic stability have familiar names: China, emerging market contagion, Brexit and... Donald Trump.
4 September 2018, 18:00 PM

Australia keeps rates on hold at record low

Weak inflation, sluggish wage growth and high levels of household debt saw Australia's central bank keep interest rates on hold at a record low on Tuesday.
4 September 2018, 18:00 PM

China says its funding helps Africa develop, not stack up debt

China is helping Africa develop, not pile up debt, a top Chinese official said on Tuesday, as the government pushes back against criticism it is loading the continent with an unsustainable burden during a major summit in Beijing.
4 September 2018, 18:00 PM

Qatar Airways rethinks Indian plans due to foreign ownership rules

Qatar Airways is reviewing plans for its own domestic Indian airline due to “confusing” foreign ownership rules and could opt to work with a partner in India or take a stake in IndiGo instead, its chief executive said on Tuesday.
4 September 2018, 18:00 PM

In India, Google races to parry the rise of Facebook

Google retains only a slight lead over Facebook in the competition for digital ad dollars in the crucial India market, sources familiar with the figures say, even though the search giant has been in the country far longer and has avoided the controversies that have dogged its rival.
4 September 2018, 18:00 PM

Amazon India unveils Hindi website, app in battle with Flipkart

Amazon.com on Tuesday launched a Hindi version of its mobile website and app for Android smartphones in a bid to make deeper inroads into India's fast-growing e-commerce market, stepping up its battle with Walmart's Flipkart unit.
4 September 2018, 18:00 PM

Indian airline losses could reach $1.9b this year

Indian airlines are expected to post combined losses of up to $1.9 billion this financial year led by full-service carriers like Air India and Jet Airways driven by rising costs and low air fares, aviation consulting firm CAPA India said.
4 September 2018, 18:00 PM

Iraq oil exports hit 2018 peak in August

Iraq's oil exports for August hit their highest monthly figure this year, the oil ministry said Saturday, with nearly 112 million barrels of crude bringing $7.7 billion to the war-torn country's ailing economy.
2 September 2018, 18:00 PM

Canada not needed in Nafta deal: Trump

US President Donald Trump said on Saturday there was no need to keep Canada in the North American Free Trade Agreement and warned Congress not to meddle with the trade negotiations or he would terminate the trilateral trade pact altogether.
2 September 2018, 18:00 PM

The fight to save, not shut, a McDonald's in France

For decades, McDonald's was the brand French people loved to hate.
2 September 2018, 18:00 PM

US consumer spending rises strongly

US consumer spending increased solidly in July, pointing to strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve's 2 percent target for the third time this year.
30 August 2018, 18:00 PM

German unemployment holds at record low in August

Joblessness in Germany held firm at record lows in August, official data showed Thursday, as a robust economy kept companies hiring in Europe's powerhouse.
30 August 2018, 18:00 PM

Panasonic to move UK headquarters on Brexit fears

Panasonic plans to move its European headquarters from Britain to the Netherlands later this year over concerns about potential tax issues related to Brexit, a company spokeswoman said Thursday.
30 August 2018, 18:00 PM

How Tesla 'haters' put pressure on CEO Musk

An online army of skeptics and amateur sleuths that has spent years promoting bets against Tesla Inc senses an opportunity to renew pressure on the electric carmaker after the failure of Chief Executive Elon Musk's plan to take it private.
30 August 2018, 18:00 PM

Germany's current account surplus hits global high

Germany's current account surplus is set to remain the world's largest this year despite increased trade tensions, the Ifo institute said on Monday, in an estimate likely to renew criticism of Chancellor Angela Merkel's fiscal policies.
20 August 2018, 18:00 PM

Trade war puts new strains on America Inc's factories in China

LARRY Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing centre of the world. Since then, he has exported millions of dollars of goods, ranging from power tools to LED lights, to some of America's biggest retailers.
20 August 2018, 18:00 PM

Malaysia PM calls for China's help with fiscal problems

Malaysian Prime Minister Mahathir Mohamad called on China's top leadership Monday to help solve his country's fiscal problems, as he tries to revise major Beijing-backed projects signed under his scandal-plagued predecessor.
20 August 2018, 18:00 PM

'Everything's business': Rohingya crisis offers earning opportunity

Captain Min Min, a Buddhist from Myanmar, looks on as a stream of Muslim Rohingya labourers zig-zag up narrow gangplanks hauling sacks of ginger from his boat onto Bangladeshi soil -- one of many seizing the economic opportunities presented by a refugee crisis.
20 August 2018, 18:00 PM

Greeks rebuild lives after debt crisis wrecked dreams

In 2010, Panagiota Kalliakmani had just secured her chemistry degree and dreamed of going into research. Then the Greek economic crisis struck.
20 August 2018, 18:00 PM