UK supermarkets test plastic-free zones

British supermarkets are starting to go “nude”.
21 August 2019, 18:00 PM

Trump looking at possible tax cuts amid economic jitters

US President Donald Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world’s top economy could be heading for a recession.
21 August 2019, 18:00 PM

Plastics maker Indorama commits $1.5b to recycling

Thai chemicals company Indorama Ventures has committed $1.5 billion of investment in recycling as consumers become more aware of the environmental impact of single-use plastic and regulators push for more recycling, it said on Wednesday.
21 August 2019, 18:00 PM

Gold subdued as investors await FOMC minutes

Gold prices eased on Wednesday to hover around the $1,500 level as investors turned cautious ahead of minutes from the US Federal Reserve’s last meeting, which is expected to shed more light on interest rate cuts.
21 August 2019, 18:00 PM

Who’s tracking you? Facebook users to get more control over data

Facebook Inc said on Tuesday it was tweaking its policies to allow users to see and control the data that the social network gathers from their browsing habits on other websites and apps.
21 August 2019, 18:00 PM

Huawei founder details ‘battle mode’ reform plan to beat US crisis

China’s Huawei will spend more on production equipment this year to ensure supply continuity, cut redundant roles and demote inefficient managers as its grapples with a “live-or-die moment” in the wake of US export curbs, founder Ren Zhengfei said.
20 August 2019, 18:00 PM

G7 summit seen ending without communique due to gaps on trade

A Group of Seven summit to be held this weekend in France will likely end without a joint communique due to gaps between member nations on trade, a Japanese government official with knowledge of the matter said on Tuesday.
20 August 2019, 18:00 PM

Japan allows further exports of high-tech material to South Korea

Japan has approved shipments of a high-tech material to South Korea for the second time since imposing export curbs last month, two sources said, ahead of talks by government officials this week to resolve a dispute stemming from their wartime past.
20 August 2019, 18:00 PM

WhatsApp in talks to launch mobile payments in Indonesia

Facebook Inc’s messaging service WhatsApp is in talks with multiple Indonesian digital payment firms to offer their mobile transaction services, in a bid to tap the nation’s fast growing e-commerce sector, people familiar with the matter said.
20 August 2019, 18:00 PM

New figures show UK economy a little larger than thought

Britain’s economy is slightly larger than previously thought, according to new official estimates published on Tuesday that take into account new methodology and data.
20 August 2019, 18:00 PM

Indian govt panel recommends across board corporate tax cut to 25pc

An Indian government panel has recommended cutting the corporate tax rate to 25 percent from 30 percent for all companies and scrapping surcharges on tax payments, an official said on Tuesday, part of a major overhaul of the six-decades old tax act.
20 August 2019, 18:00 PM

US states ready antitrust probe of tech titans

Top prosecutors from a group of US states are readying a joint investigation into whether major technology firms have violated antitrust law, the Wall Street Journal reported Monday.
20 August 2019, 18:00 PM

Visa critical of India’s move towards no-fee debit card transactions

Global card payments group Visa is critical of the Indian government’s decision to boost adoption of electronic payments by requiring banks and card payment networks to offer no-fee debit card transactions, a senior Visa executive said.
20 August 2019, 18:00 PM

White House mulling tax cut to avoid recession

The White House is considering cutting taxes or reversing tariffs to head off a recession, US media reported on Monday, despite President Donald Trump’s insistence the economy was in rude health.
20 August 2019, 18:00 PM

SoftBank to lend employees $20b to invest in new fund

Japan’s SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
18 August 2019, 18:00 PM

Easy credit poses tough challenge for Russian economy

New machines popping up in Russian shopping centres seem innocuous enough -- users insert their passport and receive a small loan in a matter of minutes.
18 August 2019, 18:00 PM

UK finance minister aims to take advantage of cheap borrowing

New British finance minister Sajid Javid is looking at how best to take advantage of record-low borrowing costs when he sets out his first budget later this year, according to an interview published late on Friday.
18 August 2019, 18:00 PM

Germany has fiscal muscle to counter next crisis: Scholz

Germany has the fiscal strength to counter any future economic crisis “with full force”, Finance Minister Olaf Scholz said on Sunday, suggesting Berlin could make available up to 50 billion euros ($55 billion) of extra spending.
18 August 2019, 18:00 PM

Kuwait sovereign fund in portfolio shift on signs of global economic weakness

The Kuwait Investment Authority (KIA) began increasing its exposure to bonds and cash two years ago to boost liquidity in its portfolio as the global economy showed signs of weakness, Kuwaiti newspaper Alqabas reported on Sunday, citing sources.
18 August 2019, 18:00 PM

Ferrari will expand its lineup of road cars, but not too much

Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche’s annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.
18 August 2019, 18:00 PM