Joblessness in Canada ticks up to 5.5pc as more seek work:govt

The Canadian economy lost 2,200 jobs in June and the unemployment rate ticked up slightly to 5.5 percent as more people sought work, the government statistical agency reported on Friday.
6 July 2019, 18:00 PM

Falling demand abroad hits German industrial orders in May

German industrial companies sustained a sharp drop in incoming orders in May, largely as a result of falling demand from non-EU countries, data showed on Friday, raising fresh fears about the health of Europe’s biggest economy, analysts said.
6 July 2019, 18:00 PM

US clears SoftBank’s $2.25b investment in GM-backed Cruise

Cruise, a US self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a US national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp.
6 July 2019, 18:00 PM

Sterling sinks to 2019 low after run of poor data, yield collapse

The British pound hit a six-month low on Friday, having lost more than 1% over the week against the dollar after poor economic data and a rise in expectations that the Bank of England will cut interest rates.
6 July 2019, 18:00 PM

Egypt hikes domestic fuel prices as it rounds off subsidy reform

Egypt introduced its latest round of fuel subsidy cuts on Friday, raising domestic prices by between 16 percent and 30 percent to bring them into line with their real cost, as it nears the end of an IMF-backed economic reform programme.
6 July 2019, 18:00 PM

Fed faces tougher task in deciding whether to cut US rates

US employers are hiring workers, but that is only making the Federal Reserve’s job harder.
6 July 2019, 18:00 PM

India’s cautious budget puts onus on central bank to spur growth

The Indian government’s annual budget statement on Friday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging economy, adding to pressure on the central bank to provide more immediate help.
6 July 2019, 18:00 PM

US-China trade officials aim to talk next week, officials say

US and Chinese officials are working to schedule a top-level trade talks by telephone next week but a face-to-face encounter has not been scheduled yet, US officials said Friday.
6 July 2019, 18:00 PM

UAE approves full foreign ownership of firms

The United Arab Emirates said Tuesday it had decided to lift a decades-old cap on foreign ownership and allow full foreign control of business ventures.
3 July 2019, 18:00 PM

India inspects garment factories after pills expose

Authorities in southern India have started inspecting garment factories and spinning mills after a Thomson Reuters Foundation investigation found workers were being given unlabelled pills for period pains to meet productivity targets.
3 July 2019, 18:00 PM

Vodafone joins EE in offering 5G in Britain

Vodafone on Wednesday launched its 5G service in the UK, but without smartphones from controversial Chinese technology giant Huawei.
3 July 2019, 18:00 PM

US services sector growth drops to two-year low in June

Growth in the crucial American services sector fell last month to its weakest pace in nearly two years as business activity, hiring and new orders all declined, a private survey showed Wednesday.
3 July 2019, 18:00 PM

Facebook’s crypto currency faces pre-G20 examination

Heading in to the G20 summit, Facebook is on notice from powerful regulators including the Fed chief that its ambitious plans for a global crypto-currency face piercing scrutiny.
26 June 2019, 18:00 PM

FedEx offers cautious 2020 outlook

FedEx warned Tuesday that its fiscal 2020 earnings outlook remains clouded by trade war uncertainty as the company’s chief executive criticized the Trump administration’s lurch towards protectionism.
26 June 2019, 18:00 PM

German consumer mood clouds over in July

Germans’ view of the economy heading into July has darkened, a regular poll published Wednesday found, as global trade conflicts weigh on hopes for a continuing job boom.
26 June 2019, 18:00 PM

Bombardier sells regional jet division to Mitsubishi for $550m

Canadian aerospace firm Bombardier is effectively exiting the commercial airline manufacturing sector with the sale of its CRJ Series regional jet program.
26 June 2019, 18:00 PM

French consumer group launches class action against Google

A French consumer rights group said Wednesday that it has launched a class action lawsuit against US tech giant Google for violating the EU’s strict data privacy laws.
26 June 2019, 18:00 PM

US chip firm says it can ‘lawfully’ sell some items to Huawei

US semiconductor firm Micron Technology said Tuesday it has resumed some sales to Chinese technology giant Huawei despite a ban imposed by President Donald Trump on national security grounds.
26 June 2019, 18:00 PM

China halts Canadian meat exports over false certificates

China asked Canada on Tuesday to suspend all meat exports after discovering false veterinary health certificates attached to a batch of pork, while Canadian federal police launched a criminal probe.
26 June 2019, 18:00 PM

Robots to take 20m jobs by 2030: study

Robots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows.
26 June 2019, 18:00 PM