‘Smart mines’ show coal deeply embedded in China’s future

One hundred metres underground inside a pit in northern China, miners extract lumps of coal with the flick of a finger on a smartphone, as the country tries to drag the traditionally dangerous and dirty work into the digital era.
30 April 2023, 18:00 PM

Japan maintains monetary easing

The Bank of Japan announced a review of its longstanding monetary easing measures on Friday but said it would maintain them for the time being in the first policy decision under new governor Kazuo Ueda.
29 April 2023, 18:00 PM

Eurozone GDP grows 0.1% in Q1

The eurozone economy lumbered forward in the first quarter, official data showed Friday, expanding just 0.1 per cent over the previous quarter as high inflation and interest rates weigh on activity.
29 April 2023, 18:00 PM

Sri Lanka’s inflation dips as IMF bailout kicks in

Cash-strapped Sri Lanka’s inflation eased to 35.3 per cent, the lowest in a year, the statistics office said Friday as the country pressed ahead with austerity measures under an IMF bailout.
29 April 2023, 18:00 PM

Intel, Samsung hammered as chips demand plummets

The crucial semiconductor industry, that powers everything from personal computers, smartphones to fighter jets, suffered a dismal first quarter as demand plummeted for chips.
29 April 2023, 18:00 PM

Gold heads for 2nd monthly rise

Gold bounced back on Friday on a dip in yields and renewed concerns over the US banking turmoil, putting the safe haven on course for its second monthly rise even as steady US inflation reinforced bets for an interest rate hike next week.
29 April 2023, 18:00 PM

Germany dodges recession

Germany narrowly dodged a recession in the first quarter but growth stagnated contrary to expectations for a slight rebound, preliminary data showed Friday, as the energy crisis weighed on Europe’s top economy.
29 April 2023, 18:00 PM

ExxonMobil, Chevron report higher profits despite oil price dip

US oil giants ExxonMobil and Chevron reported another quarter of heady profits Friday as both companies continued to direct large cash payments to shareholders.
29 April 2023, 18:00 PM

Taiwan slips into recession

Taiwan’s export-dependent economy contracted more than expected in the first quarter and slipped into recession as exports were hit by slowing global tech demand and broader economic woes, but should hit a 2 per cent growth target this year.
29 April 2023, 18:00 PM

Pakistan hikes drug prices by 20%

Inflation-hit Pakistan on Friday approved a rise of up to 20 per cent in retail prices of general medicines and 14 per cent for essential ones, prompting immediate criticism from drug manufacturers who said the increases were too small.
29 April 2023, 18:00 PM

UAE and Cambodia agree terms for bilateral trade deal

The United Arab Emirates (UAE) and Cambodia have agreed on the terms of a bilateral trade deal, as the Gulf state looks to strengthen trade and commerce ties, particularly in Asia, in strategic economic sectors.
27 April 2023, 18:00 PM

Samsung Electronics logs worst quarterly earnings in 14 years

Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.
27 April 2023, 18:00 PM

Pakistan all set to get discounted Russian oil: PM

Pakistan’s Prime Minister Shehbaz Sharif said yesterday that everything was set for his country to receive a shipment of discounted Russian oil.
27 April 2023, 18:00 PM

Demand for electric cars ‘booming’: IEA

Sales of electric vehicles are booming and are expected to account for nearly one in five cars sold this year, according to a report released Wednesday.
26 April 2023, 18:00 PM

German automakers fight to defend their turf from Chinese rivals

German automakers have turned up in full force at Shanghai’s Auto Show as they fight to stay on top of consumer trends in the country that will define whether they maintain their market dominance in the electric age both at home and abroad.
20 April 2023, 18:00 PM

Once booming Indian startups set for more pain

A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. 
19 April 2023, 18:00 PM

German investor morale falls again

German investor confidence unexpectedly fell in April for the second straight month, a survey showed Tuesday, due to lingering fears about the banking sector and concerns about stubbornly high inflation.
18 April 2023, 18:00 PM

Apple opens first India store in market push

Apple opened its first retail store in India on Tuesday, underscoring the US tech titan’s increasing focus on the South Asian nation as a key sales market and alternative manufacturing hub to China.
18 April 2023, 18:00 PM

US financial institutions hit by deposit flight

Deposits at three financial institutions fell in the first quarter as the industry’s biggest crisis in more than a decade prompted a flight of funds, with customers seeking better returns elsewhere.
18 April 2023, 18:00 PM

China’s economy gathers speed

China’s economy grew at a faster-than-expected pace in the first quarter, as the end of strict Covid curbs lifted businesses and consumers out of crippling pandemic disruptions, although headwinds from a global slowdown point to a bumpy ride ahead.
18 April 2023, 18:00 PM