UK to seek new powers to scrutinise foreign takeovers
LONDON: Britain will seek changes to the law to allow scrutiny of some foreign takeovers to ensure they do not threaten the...
Europe’s auto industry shuts factories, slashes output as virus hits
BARCELONA/MILAN: Europe’s major car and parts makers rushed on Wednesday to close factories and cut output in Italy and considered sending workers...
Brent oil may retest resistance at $71.18
SINGAPORE: Brent oil may retest a resistance at $71.18 per barrel, a break above which could lead to a gain to $72.41.
The...
China vows to uphold trade deal during Biden administration
WASHINGTON: Chinese Foreign Minister Wang Yi assured U.S. executives during a videoconference on Sunday that Beijing remained committed to the Phase 1...
French Finance Minister hopeful about global ‘digital tax’ goal
SWITZERLAND: French Finance Minister Bruno Le Maire is optimistic about reaching a deal on a global tax on digital companies despite an...
China’s first-quarter smartphone sales may halve due to coronavirus
SHANGHAI: China’s smartphone sales may plunge by as much as 50pc in the first quarter, as many retail shops have closed for an...
Indian house prices to fall 6pc this year, risk to downside
BENGALURU: Indian house prices will fall more sharply this year than expected just three months ago amid surging coronavirus cases which are...
EU leaders weigh massive virus economic recovery measures
BRUSSELS: European Union leaders are set to weigh Thursday the damage the coronavirus has inflicted on health care systems and the lives...
Tesla expands legal, external relations workforce in China
BEIJING: Tesla Inc is hiring managers for legal and external relations teams in China, according to a job post on the its...
British officials propose limited 5G role for China’s Huawei
LONDON: British officials have proposed granting Huawei a limited role in the UK’s future 5G network, resisting US calls for a complete...
OPEC+ resumes talks on 2021 oil policy amid disagreements
LONDON: OPEC and Russia resume talks on Thursday in a bid to define policies for 2021 after an initial round of discussions...
IMF asks G20 to back doubling of its emergency financing to fight virus
WASHINGTON: The International Monetary Fund on Thursday asked G20 leaders to back a doubling of its emergency financing capacity to strengthen its...
Oil mixed on improving economic data, uptick in virus cases
LONDON: Oil prices were mixed on Monday, supported by improving economic data and supply cuts by major producers, but held in check...
IMF says global output to contract in 2020, exploring financing options
WASHINGTON: The coronavirus pandemic will cause global economic output to contract in 2020, top officials of the International Monetary Fund said on...
Oil set for weekly gain amid coronavirus vaccine progress
LONDON: Oil prices steadied on Friday, and were set for a sixth week of gains as progress towards novel coronavirus vaccination programmes...