IMF cuts Asia’s growth forecast, warns of pandemic-driven risks
TOKYO: The International Monetary Fund slashed this year’s economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India, a sign...
Germany issues arrest warrants for founders of Mossack Fonseca
BERLIN: German law enforcement authorities have issued international arrest warrants for the founders of Mossack Fonseca, the Panamanian law firm that was...
Netflix falls short on new subscribers as pandemic boost fizzles
NEW YORK: Netflix Inc on Tuesday posted its weakest subscriber gains in four years as streaming competition increased, pandemic restrictions eased and...
Google antitrust case to turn on how search engine grew dominant: experts
OAKLAND, NEW YORK: The US government's antitrust case against Alphabet Inc's Google appears strong, but could face an uphill battle from a...
World trade rebounding slowly, outlook uncertain: UN report
UNITED NATIONS: No region was spared by an estimated 19% year-on-year plunge in world trade in the second quarter, as the COVID-19...
Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand amid pandemic
HONG KONG: Hong Kong's Cathay Pacific Airways Ltd will cut around 6,000 jobs or 18% of its workforce, and axe regional brand...
Oil steadies but coronavirus and supply pressures remain
LONDON: Oil prices steadied on Tuesday but remained under pressure from the threat to demand from a global resurgence in coronavirus cases...
Bangladesh garment workers pray for orders as pandemic shreds exports
DHAKA: Bangladesh garment factory owner Shahidullah Azim laid off 20 per cent of his workers in the wake of the first wave...
Sweden bans Huawei, ZTE from upcoming 5G networks
STOCKHOLM: Sweden on Tuesday banned on security grounds the use of telecom equipment from China's Huawei and ZTE 000063.SZ in its 5G network...
UK says trade talks with US are intensifying
LONDON: Britain and the United States are intensifying trade talks, British trade minister Liz Truss said on Tuesday, announcing the start of...
‘Extremely damaging’ no deal in Brexit trade talks would cut Bentley’s profits
LONDON: Failure to strike a Brexit trade deal with the EU would be “extremely damaging” and cut profits by up to a...
Asian stocks dip as US political concerns grow
SYDNEY/NEW YORK: Asian stocks slipped on Tuesday as investors adjusted risk exposure heading into the US election and ahead of a deadline...
Automakers Hyundai, Kia warn of $2.9bn hit to earnings over US quality woes
SEOUL: Hyundai Motor and affiliate Kia Motors warned of another $2.9 billion of provisions related to engine issues, bringing their total hit...
Sheikh denies sexual assault claim after UK literary festival announces end of events in UAE
ABU DHABI: An Abu Dhabi minister has denied claims that he sexually assaulted a staff member at a British literary festival in...
‘Bad math’: Airlines’ Covid safety analysis challenged by expert
PARIS: A campaign by coronavirus-stricken aviation giants to persuade the world it’s safe to fly has been questioned by one of the...