Business

By Jamie Freed - Regulators in Asian hubs like Singapore and Hong Kong have threatened to retaliate against European Union plans to force airlines to start using take-off and landing slots frozen during the coronavirus pandemic, a move that could oblige Europe's carriers to fly em...
By Clare Jim and Farah Master HONG KONG - As Beijing seeks to tighten its grip over Hong Kong, it has a new mandate for the city's powerful property tycoons: pour resources and influence into backing Beijing's interests, and help solve a potentially destabilising housing shortage....
By Hideyuki Sano TOKYO - The dollar held near three-week highs against a basket of major currencies on Friday after a raft of strong U.S. economic data rekindled expectations of an earlier policy tightening by the U.S. Federal Reserve. U.S. retail sales unexpectedly ...
By Liz Lee KUALA LUMPUR - Malaysia's AirAsia X Bhd (AAX) has made "substantial progress" in its months-long talks with creditors as it aims to convene meetings with them to vote on a restructuring scheme by the end of October, its chief executive said. CEO Benyamin I...
By Sonali Paul and Roslan Khasawneh SINGAPORE -Oil prices fell on Friday as more supply came back online in the U.S. Gulf of Mexico following two hurricanes, but both benchmark contracts are on track to post weekly gains of around 4% as the recovery in output is seen lagging demand. ...
TAIPEI - Taiwan's government called on the European Union to quickly begin trade talks after the bloc pledged to seek a trade deal with the tech-heavyweight island, something Taipei has long angled for. The EU included Taiwan on its list of trade partners for a potential bilateral...
By Alun John HONG KONG - Asian shares steadied in early trading on Friday after losses earlier in the week, but China jitters and global growth concerns weighed on investors' minds, while the dollar sat near a three-week high. MSCI's broadest index of Asia-Pacific s...
SHANGHAI - Electric vehicle maker Tesla Inc will work with global regulators to ensure data security, Chief Executive Elon Musk told the World New Energy Vehicle Congress in China on Friday. "With the rapid growth of autonomous driving technologies, data security of vehicles is dr...
By Sonali Paul MELBOURNE - Oil prices barely moved on Friday even as more supply came back online in the U.S. Gulf of Mexico following two hurricanes, with benchmark contracts on track to post weekly gains of around 4% as the output recovery is seen lagging demand. U...
By Hideyuki Sano TOKYO - The dollar held near three-week highs against a basket of major currencies on Friday after a raft of strong U.S. economic data rekindled expectations for earlier policy tightening by the U.S. Federal Reserve. U.S. retail sales unexpectedly in...
FRANKFURT -European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2% inflation goal by 2025, the Financial Times said on Thursday in a report that was partly disputed by the bank. The ECB had not mad...
By Andy Bruce LONDON - Bank of England rate-setters who may be tempted to vote next week for an early end to their COVID-19 stimulus plans are likely to hold off for now, with a slowing economy but surging inflation making for a tricky backdrop. Last month, Michael S...
By Timothy Aeppel - It turns out robots are taking over jobs fastest around the world in places where their human counterparts are aging the most rapidly. That is the conclusion of a new study that looked at demographic and industry-level data in 60 countries and fou...
By Elizabeth Dilts Marshall NEW YORK -Global share markets edged lower globally on Thursday as concerns about investments in China and a mixed day on Wall Street outweighed positive economic data in the United States. The three major indexes spent much of the day in nega...
PARIS - French carmaker Renault said on Thursday it would cut up to 2,000 engineering and support jobs in France as it shifts into electric cars and hires in different positions. The loss-making group, which has already announced around 4,600 job cuts in the country as part of a ...
By Andrea Shalal and David Lawder WASHINGTON -World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied "undue pressure" on staff to boost China's ranking in the bank's "Doing Business 2018" report, according to an independent investigation released Thursday. ...
- British finance minister Rishi Sunak is planning to set out new rules that will commit him to stop borrowing to fund day-to-day spending within three years, the Financial Times reported on Thursday, citing people briefed on his thinking. Sunak’s fiscal rules will also require underlying debt to st...
- Semiconductor shortages and the delayed packaging and testing of the chips will cause production of global light vehicles to drop by five million this year, data firm IHS Markit said on Thursday, marking the biggest cut to its outlook in nine months. Citing supply chain challeng...
By Caroline Valetkevitch NEW YORK - The dollar rose and hit its highest level in nearly three weeks against a basket of currencies on Thursday after data showed U.S. retail sales unexpectedly increased in August, easing some concerns about a sharp slowdown in economic growth. ...
By Elizabeth Dilts Marshall NEW YORK - Markets dipped globally on Thursday as concerns about investments in China and a down day on Wall Street outweighed positive economic data in the United States. International investors that have been piling into China in recent ...