Starbucks to open first cafe in Italy

US coffee giant Starbucks announced Monday that it is preparing to conquer the spiritual home of coffee with plans to open its first branch in Italy.
29 February 2016, 18:00 PM

Japan factory output rises for first time in three months

Japan on Monday posted its first factory output expansion in three months, official data showed, offering some rare good news after a string of weak figures threw cold water on recovery hopes.
29 February 2016, 18:00 PM

Pakistan's untapped resources empowered by e-commerce boom

In the Hindu Kush mountains craftswomen painstakingly stitch flowing scarves, skilled artisans who were unable to sell their products
29 February 2016, 18:00 PM

Qatar trade figures slump almost 60pc in year

Qatar's balance of trade fell almost 60 per cent in the year to January, official figures released on Saturday showed, as the Gulf country grapples with a slump in global energy prices.
28 February 2016, 18:00 PM

Amazon sizes up UK restaurant delivery market

Amazon.com Inc has begun surveying UK customers about their use of restaurant delivery services, in what analysts said was likely the first step in an international expansion of a business it rolled out in the United States last September.
28 February 2016, 18:00 PM

IMF says Tunisia should adjust its 'development model'

Tunisia should adjust its development model to counter economic slowdown and build "inclusive growth", the International Monetary Fund's country representative said, ahead of an expected line of IMF credit.
28 February 2016, 18:00 PM

After G20 stalemate, focus turns to signs of growth momentum

Investors worried about the risk of a new global recession are hoping that data over the coming week will show that some momentum remains in the world economy, eight years into its slow recovery from the financial crisis.
28 February 2016, 18:00 PM

S Africa 'crisis' budget hikes taxes, targets state spending

SOUTH Africa's finance minister on Wednesday hiked taxes and targeted what he called wasteful and corrupt government spending in a "crisis" budget aimed at staving off a ratings downgrade to junk status.
24 February 2016, 18:00 PM

How long before the cracks show in China's great currency wall?

CHINA still owns the world's largest currency reserves, but it has been burning through them at such a pace that some think Beijing might soon have to allow a sharp fall in the yuan or back-pedal on liberalisation and tighten its capital controls.
24 February 2016, 18:00 PM

Apple's fight with US could speed development of govt-proof devices

THE legal showdown between Apple Inc and US law enforcement over encryption, no matter the outcome, will likely accelerate tech company efforts to engineer safeguards against government intrusion, tech industry executives say.
24 February 2016, 18:00 PM

PM tells drought-stricken Thailand to cut rice production

Thailand's prime minister on Wed-nesday told farmers to cultivate less rice to help the country manage its intensifying water crisis, as experts called this year's drought the worst in decades.
24 February 2016, 18:00 PM

Tata calls for flying abroad restriction to be scrapped

Indian conglomerate Tata Sons, part-owner of airline Vistara, said on Wednesday that a rule restricting new carriers from flying overseas should be scrapped because it gives an unfair advantage to foreign airlines that now dominate international air travel.
24 February 2016, 18:00 PM

Saudi inflation soars to five-year high on subsidy cut

Saudi inflation soared to a five-year high in January after the kingdom made unprecedented cuts to public subsidies and raised fuel prices, a research report said Wednesday.
24 February 2016, 18:00 PM

Asia's oil markets in upheaval as China, India change the game

Asia's oil markets are being upended as India's and China's refiners overtake once-dominant buyers like Japan and challenge the United States as the world's biggest consumer.
24 February 2016, 18:00 PM

German economy 'in good shape': Bundesbank chief

THE German economy is "in good shape overall," the head of the country's central bank or Bundesbank said on Wednesday, waving away suggestions that clouds could be building over Europe's biggest economy.
24 February 2016, 18:00 PM

US, EU open free-trade talks in Brussels

Top negotiators on a huge transatlantic trade treaty between the EU and US opened new talks on Monday with the aim to tackle one of the deal's most controversial aspects.
22 February 2016, 18:00 PM

Samsung Galaxy S7, LG G5 unveiled as companies try to revive smartphone sales

Samsung Electronics Co Ltd and LG Electronics Inc unveiled their latest smartphones at the Mobile World Congress industry show in Barcelona on Sunday, seeking to buck the slowdown in industry growth.
22 February 2016, 18:00 PM

India's $16b wage bonanza may force Jaitley to cut capex

A $16 billion pay rise for India's public servants and costly food and farm programmes could force the country's finance minister to cut capital spending in its annual budget, officials and economists say.
22 February 2016, 18:00 PM

Gulf banks under pressure from low oil prices: Moody's

So far, the most visible impact of lower oil prices on GCC banks has been a tightening in liquidity due to significantly reduced deposit inflows from government and government-related entities.
22 February 2016, 18:00 PM

HSBC results disappoint amid 'seismic' economic shifts

GLOBAL banking giant HSBC on Monday reported a shock pre-tax loss in the last quarter of 2015 with results for the year missing analysts' expectations, as it grapples with "seismic shifts" in the world economy.
22 February 2016, 18:00 PM