Carrefour revamps operations with job cuts, China deal

France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China.
23 January 2018, 18:00 PM

EU takes Panama, seven others off tax haven list

The EU removed eight countries including Panama from its new tax haven blacklist on Tuesday after they pledged to address its concerns, in a move swiftly condemned by activists.
23 January 2018, 18:00 PM

ECB seeks balance to keep low-inflation recovery on rails

European Central Bank president Mario Draghi will paper over discord among colleagues at a press conference Thursday, analysts predict, with policymakers divided on their response to heftier economic growth unaccompanied by higher inflation.
23 January 2018, 18:00 PM

Trump angers China, South Korea with new trade tariffs

President Donald Trump has approved steep tariffs on imports of solar panels and washing machines to protect US producers, triggering an outcry in China and South Korea and even protests at home.
23 January 2018, 18:00 PM

IMF raises global growth forecast

The International Monetary Fund on Monday revised up its forecast for world economic growth in 2018 and 2019, saying sweeping US tax cuts were likely to boost investment in the world's largest economy and help its main trading partners.
23 January 2018, 18:00 PM

Europe brings on charm and blue skies to lure Chinese tourists

Chinese tourists are big spenders and with the numbers visiting Europe set to soar by nearly 70 percent over the next five years, the
20 January 2018, 18:00 PM

India sends tax notices to cryptocurrency investors as trading hits $3.5b

India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5
20 January 2018, 18:00 PM

It's a mistake to allow China, Russia to join WTO, says US

China and Russia have shown no intention of living up to World Trade Organization rules and Washington should not have supported
20 January 2018, 18:00 PM

Xiaomi to expand store network in Indian tussle with Samsung

China's Xiaomi plans to expand its Indian store network as it attempts to grab the lead in a smartphone market which Korea's
20 January 2018, 18:00 PM

UK retail sales slide in Dec after Black Friday boost

British retail sales slid 1.5 percent in December from the previous month after consumers had brought forward their Christmas shopping,
20 January 2018, 18:00 PM

France to host 140 foreign CEOs for pre-Davos summit

Nearly 140 chief executives from companies around the world will gather at the Versailles Palace outside Paris on Monday, as the
20 January 2018, 18:00 PM

Deconstructing bitcoins: Future of money or a fraud?

Bitcoin’s popularity in Asia has had a positive influence on other alternative cryptocurrencies such as ethereum and litecoin. Clearly there is a great demand for such digital money, even though its volatility hurts.
17 January 2018, 06:52 AM

Airbus wins 2017 order race after last-minute sales spree

Frenetic selling in the closing weeks of 2017 saw Airbus overhaul Boeing's recent lead in the global jet market to win their annual order contest for the fifth year running, but doubts remain over the future of its flagship A380.
15 January 2018, 18:00 PM

BoJ offers positive view on economy, sending yen to four-month high

Bank of Japan Governor Haruhiko Kuroda offered a positive view on the economy and inflation on Monday, sending the yen to a four-month high against the dollar on simmering speculation it may exit its ultra-loose monetary policy earlier than expected.
15 January 2018, 18:00 PM

As Trump clamps down, migrant workers have much to lose

Two decades ago, Fatima Nolasco walked over the border into the United States in search of a better life, going on to build a successful business, and a new home.
14 January 2018, 18:00 PM

China urges hotels to review websites as ‘country’crackdown grows

China's tourism authority has urged accommodation companies to review their websites and apps to fix what Beijing deems to be inaccurate labelling of Taiwan or other Chinese-claimed territories as countries.
14 January 2018, 18:00 PM

Glimmers of hope in Iran economy despite Trump

Even with President Donald Trump continuing to waive nuclear sanctions, Iran's economy remains hobbled by US restrictions but some diplomats in Tehran remain quietly confident for the future.
14 January 2018, 18:00 PM

Bitcoin fever hits US real estate market

Bitcoin fever has hit the US real estate market, especially that of Florida, offering foreign investors a way to dodge currency controls at home and US economic sanctions.
14 January 2018, 18:00 PM

Morocco to begin gradual liberalisation of dirham

Morocco will start a gradual and controlled liberalisation of its currency the dirham from Monday, Prime Minister Saad-Eddine Al-Othmani said after a cabinet meeting.
14 January 2018, 18:00 PM

H&M 'racist' ad adds to company's woes

A racism scandal at H&M is the latest indication of management problems at the Swedish clothing giant, once the darling of shoppers but now struggling to make the switch to e-commerce, analysts say.
14 January 2018, 18:00 PM