Global News


07 March 2019 - Shanghai Construction Group to build first phase of Tesla's Shanghai plant: media
  1. More ​State-owned Shanghai Construction Group (SCG) will build the first phase of U.S. electric carmaker Tesla’s factory in Shanghai, a news portal reported on Thursday
07 March 2019 - Japan's Renesas to partially halt chip production for 2 months on China slowdown
  1. More ​Automotive chipmaker Renesas Electronics Corp plans to halt production at six plants in Japan for up to two months this year as it braces for a further slowdown in Chinese demand, the company said
07 March 2019 - Hyundai may suspend production at one of its Chinese plants as slowdown bites
  1. More Hyundai Motor Co is considering plans to suspend production at its oldest plant in China, the South Korean carmaker said on Wednesday, as it reels from tumbling sales and massive overcapacity in its biggest market
07 March 2019 - Nobody Knows How Dubai’s Economy’s Been Doing Lately
  1. More ​In Dubai, the focus is often too much on the economy of tomorrow rather than that of the recent past
07 March 2019 - Dr Mahathir says ASEAN should divide industries among themselves
  1. More ASEAN economies can grow faster if each country focuses on a major industry and caters to the entire regional market, Malaysia Prime Minister Tun Dr Mahathir Mohamad says in speech to business leaders in Manila
07 March 2019 - KFC owner defies China slowdown with robot servers
  1. More ​KFC’s owner in China is pushing ahead with expansion plans, opening two stores a day in the world’s biggest consumer market and banking on technology to help it cut costs, even as carmakers and industrial companies signal demand there is deteriorating
06 March 2019 - U.S. services gauge tops forecasts in sign of economic health
  1. More A gauge of U.S. service industries rebounded in February by more than forecast on strength in new orders, a sign the economy remains on relatively solid footing, even with growth projected to cool this quarter
06 March 2019 - Thailand plans world’s largest floating solar farms
  1. More Move will boost the country’s share of clean energy
05 March 2019 - US and China near trade deal
  1. More Agreement could lift most or all US tariffs as long as Beijing follows through on pledges
05 March 2019 - Australia economy hits dry spell as incomes fail to flow
  1. More ​Australian businesses reported only meagre growth in profits and wages for the fourth quarter of last year, a dry spell for incomes that likely saw the whole economy struggle to expand
05 March 2019 - Trump plans to end India's preferential trade treatment
  1. More ​U.S. President Donald Trump said on Monday he intends to end India's preferential trade treatment under a program that allows $5.6 billion worth of Indian exports to enter the United States duty free
05 March 2019 - China to slash taxes, boost lending to shore up slowing economy
  1. More ​China will cut billions of dollars in taxes and fees, increase infrastructure investment, and step up lending to small firms, Premier Li Keqiang said, as the government boosts stimulus to shore up an economy growing at its slowest pace in almost 30 years
05 March 2019 - China sets 2019 GDP growth target of 6.0-6.5 pct - Premier Li
  1. More ​China has set its 2019 economic growth target at 6.0 to 6.5 percent, Premier Li Keqiang said in his annual work report on Tuesday, lower than last year's goal of around 6.5 percent
05 March 2019 - Self-driving buses made by Volvo to hit the roads in Singapore
  1. More Volvo AB is ready to start trialing full-sized driverless buses in Singapore, helping the city state take a step forward in the race to deploy autonomous public transport
28 February 2019 - U.S. companies put record number of robots to work in 2018
  1. More U.S. companies installed more robots last year than ever before, as cheaper and more flexible machines put them within reach of businesses of all sizes and in more corners of the economy beyond their traditional foothold in car plants
28 February 2019 - Saudis hold firm on oil output cuts
  1. More The kingdom plans further curbs to production next month
28 February 2019 - China considering tax breaks
  1. More Xi aims to attract more international funds and reverse outflows
28 February 2019 - Hyundai plans US$40bil in spending
  1. More Hyundai Motor Co. joined automakers pledging massive spending in the years ahead to address the industry’s transformation and fend off new competition from the likes of Tesla Inc
27 February 2019 - Fed's Powell says 'no rush' to hike rates in 'solid' but slowing economy
  1. More The Federal Reserve is in "no rush to make a judgment" about further changes to interest rates, Fed Chairman Jerome Powell told US lawmakers on Tuesday as he spelled out the central bank's approach to an economy that is likely slowing
25 February 2019 - Trump delays tariff hike on Chinese goods, citing trade talk progress
  1. More President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued
22 February 2019 - Asia's tumbling exports signal growing global trade pain
  1. More Key Asian exporters Singapore, Japan and South Korea provided fresh evidence this week that the slump in global trade has further to run and is beginning to spread to factories
22 February 2019 - U.S. economic outlook after shutdown jumps most since 2008
  1. More ​U.S. consumer expectations jumped the most in a decade, erasing much of the drop during the recent government shutdown and stock-market plunge
22 February 2019 - U.S. jobless claims decline to four-week low following shutdown
  1. More ​Filings for U.S. unemployment benefits fell by more than expected to a four-week low, a sign the labour market is regaining its footing following the longest-ever government shutdown
21 February 2019 - Apple is said to target combining iPhone, iPad, Mac apps by 2021
  1. More Apple Inc wants to make it easier for software coders to create tools, games and other applications for its main devices in one fell swoop — an overhaul designed to encourage app development and, ultimately, boost revenue
20 February 2019 - Honda to shut UK plant, 3,500 jobs 'on the line'
  1. More Honda Motor Co plans to close its factory in the United Kingdom in the biggest blow yet to the British car industry already buckling under thousands of job cuts and the loss of key models in the run-up to Brexit
20 February 2019 - Honda to close British car plant as Brexit looms
  1. More Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union
20 February 2019 - Ford to close oldest Brazil plant, exit South America truck biz
  1. More ​Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world
20 February 2019 - WTO warns of global trade slowdown as indicator hits 9-year low
  1. More ​A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization said
14 February 2019 - Alibaba: Growth to outpace China's
  1. More Alibaba Group Holding Ltd vice chairman Joseph Tsai said the e-commerce giant has experienced limited impact from China's broader economic slowdown as more and more business moves to the Internet
14 February 2019 - Feeling unwelcome, Amazon ditches plans for New York hub
  1. More Amazon.com Inc abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians
14 February 2019 - Europe looks like the real weak link in the global economy
  1. More ​For all the palpitations that the trade war between the US and China will knock out their economies, it is Europe that increasingly looks like the biggest threat to global growth
13 February 2019 - Japanese self-drive cars map developer to buy rival U.S. startup for $200 million
  1. More ​Japanese map platform developer Dynamic Map Platform announced on Wednesday it plans to acquire Detroit-based map startup Ushr for up to $200 million in a bid to widen its geographical footprint in the burgeoning self driving cars market
12 February 2019 - Trump administration unveils order to prioritize and promote AI
  1. More ​U.S. President Donald Trump on Monday signed an executive order asking federal government agencies to dedicate more resources and investment into research, promotion and training on artificial intelligence, known as AI
12 February 2019 - 'Something has to give,' EU's Barnier tells Brexit Britain
  1. More ​The European Union's Brexit negotiator Michel Barnier said on Monday British Prime Minister Theresa should endorse a permanent customs union with the bloc — as proposed by the Opposition Labour party — to break the impasse over their looming divorce
12 February 2019 - UK economy slowest in six years on Brexit and global worries
  1. More Britain’s economy slowed sharply in late 2018, pushing full-year growth to its weakest in six years as Brexit worries hammered investment by companies and the global economic slowdown weighed on trade, official data showed
12 February 2019 - Europe's scooter firms talk mergers as Lime expands
  1. More ​Europe’s scooter startups Tier Mobility and Voi Technology AB have held early-stage discussions to combine their operations, in response to the impact of larger US rivals on the continent, according to people familiar with the discussions
12 February 2019 - World Economy Gets Inflation Checkup as U.S., China Data Looms
  1. More ​The world economy is set to get fresh insight into whether inflation is turning sluggish again as the U.S. and China publish price data that’s set to endorse the decision of central banks to steer away from tighter monetary policy
08 February 2019 - Apple regains its mantle
  1. More Tech company again the most valuable US firm beating Microsoft
07 February 2019 - Slump in German manufacturing orders
  1. More German factory orders unexpectedly dropped for a second month in December, adding to signs that Europe’s largest economy is facing a more protracted loss in momentum
07 February 2019 - Growth best in 5 years
  1. More Steady household spending raises 2018 GDP expansion to 5.17pc, a third year of a pick-up
05 February 2019 - Nissan's decision a blow to U.K.
  1. More Carmaker axes plan to build new model, citing uncertainty around 'no-deal' Brexit
04 February 2019 - Nissan scraps plan to build new X-Trail model in Britain
  1. More ​Carmaker Nissan has scrapped plans to build its new X-Trail SUV in Britain and will produce it solely in Japan, warning two months before Brexit that uncertainty over Britain's departure was making it harder to plan for the future
01 February 2019 - EU imposes curbs on steel imports after Trump tariffs
  1. More The European Union will impose limits on steel coming into the bloc from Saturday following US President Donald Trump's imposition of metals tariffs, a filing in the European Union's official journal said on Friday
01 February 2019 - Hyundai Heavy eyes stake in Daewoo
  1. More MOve may create entity controlling more than 20pc of global market
30 January 2019 - China weakness spreads far and wide
  1. More Lower demand for goods affecting many companies worldwide
28 January 2019 - Suu Kyi to investors: Myanmar is open for business
  1. More Myanmar leader Aung San Suu Kyi on Monday urged global investors to put their money into Myanmar, seeking to offset the negative impact of the Rohingya crisis and slow pace of economic reforms
28 January 2019 - Trade war set to bestow billions in investment on Indonesia
  1. More ​Indonesia expects billions of dollars in investment from companies relocating factories from China as a fallout of its trade war with the US, according to Tom Lembong, chairman of the country’s Investment Coordinating Board
28 January 2019 - Hon Hai to expand India, Vietnam ops
  1. More Key iPhone assembler Hon Hai Precision Industry Co, also known as Foxconn Technology Group, is increasing its presence in Vietnam and India amid the growing trade spat between the United States and China
24 January 2019 - Indonesia releases new rules on export revenue repatriation for resources
  1. More ​Indonesia has issued new rules requiring exporters of natural resources to receive earnings in the local banking industry, which was among new measures Jakarta announced last year to support the then falling rupiah currency
24 January 2019 - 'AI' to hit hardest in U.S. heartland and among less-skilled: study Reuters
  1. More ​The Midwestern states hit hardest by job automation in recent decades, places that were pivotal to U.S. President Donald Trump’s election, will be under the most pressure again as advances in artificial intelligence reshape the workplace, according to a new study by Brookings Institution researchers
24 January 2019 - Airbus CEO warns of 'harmful decisions' for UK jobs in a no-deal Brexit
  1. More ​Airbus warned on Thursday it could shift future wing-building out of Britain in the absence of a smooth exit from the European Union, predicting “potentially very harmful decisions” for its British operations in the event of a ‘no-deal’ Brexit
24 January 2019 - Dyson moves to Singapore
  1. More It's not tax or Brexit fears, but rather due to shift region's importance, says CEO
24 January 2019 - Sony in Dutch switch
  1. More Sony will shift its European headquarters from Britain to the Netherlands to avoid Brexit related Custom issues
22 January 2019 - Japan recession risk rises
  1. More ​Chances that Japan will slide into a recession this coming fiscal year have grown over the past three months, a Reuters poll of economists found, pressured by a global economic slowdown and US-China trade friction
19 January 2019 - Asia’s richest man outlines plan to take on Amazon
  1. More ​Reliance Industries Ltd will roll out its online shopping platform to 1.2 million retailers and store-owners in western India, sketching out an ambitious plan to take on Amazon.com Inc and Walmart Inc’s Flipkart on its home turf
19 January 2019 - Philips to shift UK production plant to Netherlands
  1. More Royal Philips NV said it will shutter a baby products factory in the United Kingdom, after concerns over the nation's exit from the European Union intensified this week
18 January 2019 - Lotus cars to be made in China
  1. More Geely planning production at 9b yuan Wuhan factory
17 January 2019 - Trump tariffs force tough choices at U.S. auto suppliers
  1. More ​Bob Roth makes no bones about his feelings towards U.S. manufacturing
17 January 2019 - UK carmakers ready for the worst
  1. More Aston Martin and Bentley Motors prepared for no Brexit deal
15 January 2019 - China signals more stimulus as economic slowdown deepens
  1. More ​China will aim to achieve “a good start” in the first quarter for the economy, the state planner said on Tuesday, signaling authorities could roll out more stimulus measures in the near term to counter slowing growth
15 January 2019 - Car makers in China brace for another bumpy ride
  1. More Car makers in China are bracing for zero to tepid growth in sales this year, after a tough 2018 when the world’s top auto market probably contracted for the first time in about two decades, as slowing economic growth drags on demand
12 January 2019 - Jaguar to cut 4,500 jobs worldwide as demand slows
  1. More Jaguar Land Rover plans to slash 4,500 jobs worldwide as the United Kingdom's biggest vehicle maker respond to the sales slowdown caused by Brexit, flagging demand for diesel powered vehicles and a downturn in China
09 January 2019 - China increases US patent holdings
  1. More ​Chinese inventors received a record number of US patents in 2018 and are on pace to overtake Germany in the No. 4 position of top recipients, according to an analysis of filings with the US Patent and Trademark Office
09 January 2019 - How Takeda’s Shire deal reshapes pharma world
  1. More Japanese firm now a top 10 drugmaker after US$62bil buy
09 January 2019 - German industrial output records broad-based slump
  1. More ​German industrial production unexpectedly dropped in November, underlining the subdued pace of expansion in Europe’s largest economy during the final quarter of 2018
09 January 2019 - Daimler is selling a truck that can brake, accelerate and steer on its own
  1. More Blackrock says treasuries have regained haven status
09 January 2019 - Thai investment applications top US$28b in 2018, exceed target
  1. More ​Investment applications in Thailand reached a total of 902 billion baht (US$28.2 billion) worth of projects in 2018, 43% higher than the previous year and beating a target of 720 billion baht, the state investment agency said
08 January 2019 - Huawei launches arm-based chipset
  1. More China firm seeking growth avenues in cloud computing, enterprise services
08 January 2019 - Intel working with Facebook on AI chip coming later this year
  1. More ​Intel Corp said on Monday at the Consumer Electronics Show in Las Vegas that it is working with Facebook Inc to finish a new artificial intelligence chip in the second half of this year
08 January 2019 - Amazon Becomes Most Valuable Company, Inching Past Microsoft
  1. More Amazon.com Inc. surpassed Microsoft Corp. to become the world’s largest public company on Monday, in the latest example of the list of Wall Street’s biggest names being reordered
08 January 2019 - Japanese firms best Chinese ones
  1. More They have US$890bil war chest to spend on M&As
07 January 2019 - Assets worth US$1 trillion to shift from UK to EU due to Brexit — EY
  1. More Assets worth nearly 800 billion pounds (US$1 trillion) are being moved from Britain to new financial hubs in the European Union ahead of Brexit, consultancy EY said
07 January 2019 - Chinese tech investors flee Silicon Valley as Trump tightens scrutiny
  1. More ​New Trump administration policies aimed at curbing China’s access to American innovation have all but halted Chinese investment in U.S. technology startups, as both investors and startup founders abandon deals amid scrutiny from Washington
03 January 2019 - Robots aren't yet killing off all our jobs, World Bank says
  1. More ​The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist said, despite common gloomy predictions that humans are set to be replaced by machines
03 January 2019 - Italy manufacturing shrinks again as nation nears recession
  1. More ​Italy’s manufacturing sector shrank for a third straight month in the latest sign that Europe’s third-largest economy is on the brink of another recession
03 January 2019 - Global Factory Slump Adds to 2019 Central Bank Challenges
  1. More ​Manufacturing gauges across the world’s largest economies stumbled at the end of last year, starting 2019 with fresh challenges for global growth and central banks
28 December 2018 - Japan factory output falls in sign of rising pressure on economy
  1. More ​Japan’s industrial output contracted in November and partially reversed the previous month’s gain, in a sign of fragility in factory activity as increasing global risks threaten to undermine the country’s export-reliant economy
28 December 2018 - Nissan to make fewer cars in China in months ahead as demand slows: source
  1. More ​Nissan Motor Co will produce 30,000 fewer vehicles in the coming months in China than what it had planned, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world’s biggest car market
27 December 2018 - Japan wants to promote free and fair trade for global economy
  1. More ​Japan’s top government spokesman said his government wants to promote rules that protect free and fair trade for the global economy
27 December 2018 - US Commerce Dept won't publish economic data during shutdown - WSJ
  1. More The US Department of Commerce's Bureau of Economic Analysis and Census Bureau will not publish economic data during the ongoing partial government shutdown, the Wall Street Journal reported on Wednesday, citing an agency spokeswoman
27 December 2018 - China's draft foreign investment law bans forced tech transfer, emphasises reciprocity
  1. More ​China has proposed a ban on forced technology transfer and illegal government "interference" in foreign business operations, practices that have come under the spotlight in a trade dispute with the United States
27 December 2018 - Steady, not strong as South-East Asia faces growth risks in 2019
  1. More ​Last year, economists predicted South-East Asia would be blessed with a strong and vibrant 2018. For next year, they’re not quite so optimistic
27 December 2018 - Toyota wants to put a robot in every home and make it your pal
  1. More ​Toyota Motor Corp has sold enough cars to put one outside every Japanese home. Now it wants to put robots inside
27 December 2018 - World economy set to feel trade war pain in 2019
  1. More Data points to slowing exports, companies warn of ongoing disruption
25 December 2018 - China removing some import, export tariff
  1. More Beijing reducing number of items taxed by around 200 to slightly more than 700
21 December 2018 - Emerging market comeback in 2019?
  1. More Brazil, Indonesia expected to lead the charge
20 December 2018 - A whale quietly enters Japan's US$125b electricity market
  1. More ​One of the largest energy companies is quietly testing the waters of what is perhaps the world’s richest electricity market yet to be tapped by foreign investors
20 December 2018 - U.K. Unveils Post-Brexit Immigration Plan, Angering Business
  1. More The U.K. published its long-awaited immigration plan for life outside the European Union, to end freedom of movement from the bloc and prioritize skilled workers regardless of nationality. Home Secretary Sajid Javid said the aim was to bring net migration down to “sustainable levels
19 December 2018 - Tech trends, what's in store for 2019?
  1. More
19 December 2018 - Japan's view on US ties worsens on Trump's trade push: Yomiuri
  1. More ​Japan’s popular perception of the country’s ties with the United States worsened significantly this year, an opinion poll showed on Wednesday, battered by U.S. President Donald Trump’s hostile trade policies
19 December 2018 - There are some big warning signs for the UK economy
  1. More ​The warning signs of 2019 are lighting up for the UK economy as Brexit comes to a head
19 December 2018 - LG plans to sell TVs that roll up like posters in 2019
  1. More Company aims to revive consumer electronics business
18 December 2018 - Taisho nears US$1.6bil deal for Bristol-Myers unit
  1. More Japanese drugmaker seeks to boost overseas presence
17 December 2018 - Metals Rebirth Tied to Shrinking Supplies, Stimulus in China
  1. More ​As China goes, so goes industrial metals
15 December 2018 - Brexit could disrupt Europen aircraft production, says IATA
  1. More The International Air Transport Association (IATA) has cautioned that the global aircraft production, mainly in Europe will likely be hampered by Brexit deal
13 December 2018 - Xpeng the latest to join China electric-car gold rush
  1. More Firm starts deliveries of its first commercial model, the G3 SUV
13 December 2018 - Vietnam winner from trade war
  1. More Country set to capture China's global market share in labour-intensive maufacturing
12 December 2018 - Asia to grow as expected in 2018 and 2019, trade war poses downside risks — ADB
  1. More ​The Asian Development Bank expects developing Asia to meet its growth forecasts for this year and next on strong domestic demand and easing inflation pressures, though it warned of downside risks from a rising tide of trade protectionism
12 December 2018 - Daimler to buy €20b worth of electric car battery cells
  1. More ​German luxury car maker Daimler, parent company of Mercedes-Benz, on Tuesday said it would buy battery cells worth more than €20 billion (US$22.75 billion) by 2030 as it readies mass production of hybrid and electric vehicles
12 December 2018 - Rough ride for China carmakers
  1. More Nation’s automobile sales drop at steepest rate in almost seven years

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Last Updated : Friday 22nd March 2019