Adani slips from world’s 3rd richest to 7th in Forbes list

Indian billionaire Gautam Adani's net worth continues to decline as he falls from being the third richest person in the world to seventh in the Forbes Real Time Billionaires' list.
28 January 2023, 08:03 AM

MSCI seeks feedback on Adani Group over Hindenburg report

Index provider MSCI said today it was seeking feedback on Adani Group and associated securities and was aware of a report issued by short-seller Hindenburg Research.
28 January 2023, 05:20 AM

Pakistani rupee plummets

The Pakistani rupee fell 9.6 per cent against the dollar on Thursday, central bank data showed - the biggest one-day drop in over two decades - in a slump that may persuade the International Monetary Fund to resume lending to the country.
26 January 2023, 18:00 PM

Putin bans Russian oil exports to countries that implement price cap

President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from February 1 for five months to nations that abide by the cap.
28 December 2022, 03:22 AM

Oil prices rise after OPEC+ keeps output cut targets

Oil prices edged up today after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude.
5 December 2022, 07:57 AM

Foxconn unrest risks iPhone shipments

Foxconn's (2317.TW) flagship iPhone plant in China is set to see a further reduction in November shipments after the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees quit.
26 November 2022, 05:26 AM

China's great reopening may come too late for many businesses

The culinary tourism business of Brian Bergey and his wife Ruixi Hu has persevered in China through three years of harsh Covid-19 restrictions.
22 November 2022, 11:19 AM

Amazon lays off some staff as it targets 10,000 cuts

Amazon.com Inc (AMZN.O) on Wednesday said it has laid off some employees in its devices group as a person familiar with the company said it still targeted around 10,000 job cuts, including in its retail division and human resources.
17 November 2022, 02:30 AM

Human rights abuse: Marks & Spencer to stop sourcing from Myanmar

British retailer Marks & Spencer (M & S) is going to stop sourcing apparel items from Myanmar from next year citing the reasons of human rights abuse.
14 October 2022, 05:07 AM

US, Taiwan to start formal trade talks under new initiative

The United States and Taiwan on Wednesday agreed to start trade talks under a new initiative, saying they wanted to reach agreements with "economically meaningful outcomes", in another sign of stepped up US support for the island.
18 August 2022, 04:47 AM

J&J baby powder to stop selling globally in 2023

Johnson & Johnson (JNJ.N) will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended US sales of a product that drew thousands of consumer safety lawsuits.
12 August 2022, 05:54 AM

Wheat export ban: Rain might rot 1.7m tonnes at Indian ports

India has allowed wheat shipments of 469,202 tonnes since banning most exports last month, but at least 1.7 million tonnes is lying at ports and could be damaged by looming monsoon rains, government and industry officials told Reuters.
3 June 2022, 06:07 AM

Alibaba shares fall 9% after Chinese man named 'Ma' arrested

Alibaba shares fell as much as 9% on Tuesday after a state media report that Chinese authorities had taken action against an individual surnamed Ma, but recouped losses after the report was revised to make clear it was not the company's founder.
5 May 2022, 11:53 AM

German business confidence rises in Feb

The German business climate improved again in February, survey data published Tuesday showed, despite the aggravation of the crisis in Ukraine and persistent supply chain issues.
22 February 2022, 18:00 PM

Pfizer's Covid item sales expected to top $50 billion in 2022

Pfizer Inc said on Tuesday it expects 2022 sales of its Covid-19 vaccine and antiviral pill to top $54 billion, but that fell short of lofty Wall Street estimates and its shares were off about three percent.
9 February 2022, 03:15 AM

Landmark global corporate tax deal finally finds agreement

A group of 136 countries on Friday set a minimum global tax rate of 15% for big companies and sought to make it harder for them to avoid taxation in a landmark deal that US President Joe Biden said levelled the playing field.
8 October 2021, 20:02 PM

Indonesia clings to coal despite green vision

Even as Indonesia wins cautious praise from some green groups for ambitious plans to cut carbon emissions, the world’s biggest exporter of thermal coal shows no sign of weaning itself off the polluting fuel any time soon.
20 September 2021, 18:00 PM

Global business summit in Dubai on Sept 29-30

The two-day 2nd Global Business Summit 2021 will be held on September 29-30 in Dubai, the UAE, with an aim to harness business opportunities for Bangladeshi entrepreneurs and aid the country’s overall development.
31 August 2021, 18:00 PM

US Senate passes bill to ban all products from China's Xinjiang

The US Senate passed legislation on Wednesday to ban the import of products from China's Xinjiang region, the latest effort in Washington to punish Beijing for what US officials say is an ongoing genocide against Uyghurs and other Muslim groups.
15 July 2021, 02:58 AM

All G20 members on board with tax deal: Germany

The G20 has made big progress on reforming business tax, with every member of the club of large economies backing a deal to stop multinationals shifting profits to low-tax havens, German Finance Minister Olaf Scholz said on Saturday.
11 July 2021, 18:00 PM