Uber loses UK legal battle over drivers' rights

RIDE-SHARING cab service Uber on Friday lost a British tribunal case brought by drivers demanding basic workers' rights, in a decision that could have repercussions across the "gig economy".
29 October 2016, 18:00 PM

Japan consumer prices fall for seventh straight month

Japan's consumer prices fell in September for the seventh straight month, data showed Friday, heaping more pressure on the central bank to push back its inflation target deadline.
29 October 2016, 18:00 PM

US economy hits fastest pace in two years

US economic growth accelerated to a 2.9 percent annual rate in the third quarter boosted by a big jump in exports and solid consumer spending, the Commerce Department reported Friday.
29 October 2016, 18:00 PM

China's big three airlines see Q3 profits surge

China's three biggest airlines all reported surging net profits in the third quarter, statements showed, as the country's economy stablises.
29 October 2016, 18:00 PM

Tesla expands its portfolio to produce solar roof tiles

Electric carmaker Tesla has diversified into the alternative energy business, on Friday unveiling solar roofs for environmentally friendly homes.
29 October 2016, 18:00 PM

German inflation hits two-year high in October

German inflation picked up again in October to reach a two-year high, data showed Friday, suggesting the European Central Bank's unprecedented stimulus measures to boost prices may be delivering.
29 October 2016, 18:00 PM

Hurricane Matthew damages in Haiti tally nearly $2b

Hurricane Matthew's devastating passage over southern Haiti on October 4 caused nearly $2 billion in damages, Haitian authorities announced Friday.
29 October 2016, 18:00 PM

Boeing reports higher earnings

Boeing reported higher third-quarter earnings and lifted its full-year forecast Wednesday following a solid performance in its commercial airplane deliveries.
26 October 2016, 18:00 PM

Oil falls as investors doubt Opec can seal output deal

Oil fell for a third day on Wednesday, nearing $50 a barrel for the first time in three weeks, as investors grew increasingly doubtful that Opec members will agree to cut output and as U.S. inventories staged a surprisingly large increase.
26 October 2016, 18:00 PM

Danish payments firm fears 100,000 credit cards hacked

Danish payment processor company Nets has advised local banks to block up to 100,000 credit cards on suspicion their security might
26 October 2016, 18:00 PM

Canon slashes profit view on sales tumble, strong yen

Canon on Wednesday slashed its annual profit forecast, as it warned that a slowdown in emerging economies and a strong yen were taking a bite out of the bottom line.
26 October 2016, 18:00 PM

Apple's holiday surprise: big sales, not so big profits

Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down.
26 October 2016, 18:00 PM

Rich countries may take lead in recession-proof debt project

Some of the world's most advanced economies may club together to sell growth-linked bonds, creating a market that could help avert future debt crises, sources familiar with discussions among Group of 20 policymakers told Reuters.
26 October 2016, 18:00 PM

Canada central bank keeps key lending rate at 0.5pc

Canada's central bank maintained its key lending rate at 0.5 percent Wednesday, saying domestic growth is likely to be weaker than expected this year despite a projected up-tick in the global economy.
19 October 2016, 18:00 PM

Saudi Arabia draws $67b demand for first international bond

Saudi Arabia attracted massive investor demand of about $67 billion on Wednesday for its first international bond offer, as the world's top crude exporter allayed concern about the impact of low oil prices on its finances.
19 October 2016, 18:00 PM

Foreign airlines cut flights to Abuja as currency crisis deepens

Two international airlines have announced plans to suspend flights to the Nigerian capital Abuja by next month due to falling demand as a currency crisis in Africa's top economy deepens.
19 October 2016, 18:00 PM

China wins WTO ruling against US dumping rules

China won the bulk of its complaint against the United States in a ruling on Wednesday by a World Trade Organization dispute panel, after challenging US rules on "dumping" of goods.
19 October 2016, 18:00 PM

Indian police fear US tax scam spread across country

A multi-million-dollar racket that used fake Indian call centres to trick US citizens into paying bogus tax bills may be the tip of the iceberg, with police warning similar scams could be operating across the country.
19 October 2016, 18:00 PM

Saudi chemical giant reports 6.8pc fall in Q3 profit

SAUDI petrochemical giant SABIC on Wednesday reported a 6.8 percent drop in net profit for the quarter ended September 30, compared with the same period last year.
19 October 2016, 18:00 PM

British jobless rate holds at 4.9pc despite Brexit

BRITAIN'S jobless rate held at 4.9 percent in the three months to the end of August, official data showed Wednesday, signalling little impact thus far from the shock Brexit vote.
19 October 2016, 18:00 PM