Indian brick workers treated 'worse than slaves': NGO

Millions of Indian brick workers are trapped in bonded labour and regularly cheated out of their wages, an anti-slavery group said Wednesday as it demanded government action.
20 September 2017, 18:00 PM

OECD warns global recovery not yet secure

The rebound in global growth is not yet secure, the OECD warned Wednesday, with weak investment by businesses and slow growth in trade and wages raising doubts whether the current momentum will be sustained.
20 September 2017, 18:00 PM

Beijing, Shanghai to close bitcoin exchanges

Banking regulators in Beijing and Shanghai have ordered local cryptocurrency exchanges to shut down, state media reported Tuesday, in the latest blow to the once flourishing Chinese market for virtual money.
20 September 2017, 18:00 PM

Toshiba selects Bain group as buyer of its prized chip business

Japan's embattled Toshiba Corp has chosen a group led by US private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, a last-minute dramatic twist to a highly contentious auction.
20 September 2017, 18:00 PM

Airbus opens first plane-completion centre in China

Airbus on Wednesday inaugurated its first completion centre for large aircraft in China, a new asset for the European manufacturer in heated competition with American rival Boeing.
20 September 2017, 18:00 PM

Reliance plans major expansion at world's largest oil refinery complex

The Reliance Industries, operator of the world's largest refining complex, is considering expanding its oil processing capacity by over 40 percent by 2030, according to two sources familiar with the matter.
20 September 2017, 18:00 PM

Japan exports surge at fastest in nearly 4yrs

Booming shipments of cars and electronics in August drove up Japan's exports at the fastest pace in nearly four years, further evidence that overseas demand is strong enough to support healthy economic growth.
20 September 2017, 18:00 PM

CEOs in US optimistic on economy, tax reform: survey

Large US companies remain upbeat on hiring and capital spending, due in part to continued confidence that Washington will enact tax reform, the Business Roundtable said Tuesday.
20 September 2017, 18:00 PM

UK retail sales shrug off Brexit-fuelled inflation

British retail sales defied rising prices caused by Brexit to surge by a faster-than-expected 1.0 percent in August, the Office for National Statistics said on Wednesday.
20 September 2017, 18:00 PM

EU, Canada launch free trade agreement while Britain eyes own deal

The European Union and Canada will begin cutting import duties from Thursday on thousands of products and services in a reminder to Britain of the work it will take to replace the trade alliances it will give up when it leaves the EU.
20 September 2017, 18:00 PM

Pakistani investors aim for LNG import terminal in early 2019

Three Pakistani industrial groups plan to begin importing liquefied natural gas (LNG) through a private terminal due to be completed in early 2019, bringing the total number of potential LNG import projects in the country to eight.
17 September 2017, 18:00 PM

EU ministers push for Google, Facebook tax

Google and Facebook may face higher tax bills in Europe as the EU rushed Saturday to change rules so that more of Silicon Valley's mega profits fall into public coffers.
17 September 2017, 18:00 PM

Serbian workers rebel against foreign bosses

Qualified, cheap and little protected by law -- Serbian workers have everything to please foreign multinationals.
17 September 2017, 18:00 PM

Apple, Dell join bid to buy Toshiba's chip business

US tech titans Apple and Dell have joined a bid to buy Toshiba's memory chip business, a deal seen as key to the survival of the cash-stripped Japanese industrial conglomerate, the US investor leading the consortium has said.
17 September 2017, 18:00 PM

EU slams Trump's economic policy

The European Union's economic and financial committee has criticised US President Donald Trump's economic policy and is worried that his efforts to boost protectionism pose a threat to the global economy, a German magazine reported on Saturday.
10 September 2017, 18:00 PM

European banks on expensive hiring spree before Brexit

Europe's regulators are competing to hire risk specialists to prepare for an influx of banks escaping Brexit, nudging up salaries and stretching staff budgets.
10 September 2017, 18:00 PM

Apple out to renew iPhone frenzy at age 10

With Apple set to unveil its newest iPhones, a key question for the California tech giant is whether it can recapture the magic from its first release a decade ago.
10 September 2017, 18:00 PM

Shell to invest $1b in Mexico

Royal Dutch Shell said Wednesday it would invest $1 billion in Mexico over the next decade, after the oil giant opened its first retail gas station in the country.
7 September 2017, 18:00 PM

Nokia announces nearly 600 job cuts in France

Finnish telecoms giant Nokia said Thursday it planned to cut around 600 jobs in France as it seeks to make cost-savings and refocus its loss-making businesses.
7 September 2017, 18:00 PM

France begins privatisation drive to fund innovation

France has begun selling off shares it still holds in companies as it seeks to raise 10 billion euros ($12 billion) to fund a programme to promote innovation in the country's sclerotic economy.
7 September 2017, 18:00 PM