Global Business | The Daily Star
  • Apple concedes new watch has connectivity glitch

    Apple Inc on Wednesday conceded its latest smartwatch unveiled a week ago has problems with its most important feature: the ability to make phone calls and access data without an iPhone nearby.

  • S&P downgrades China's rating

    S&P Global Ratings downgraded China's long-term sovereign credit rating on Thursday, less than a month ahead of one of the country's most sensitive political gatherings, citing increasing risks from its rapid build-up of debt.

  • Asian central banks hold their own after Fed signals stimulus rollback

    As the Federal Reserve signals an end to its decade of unconventional monetary stimulus, divergence between the policies of the US and Asian central banks is growing, a stark contrast to an era when regional rate moves closely tracked the United States.

  • Global trade rebounding: WTO

    Global trade is rebounding strongly but risks remain, the World Trade Organization said on Thursday, with commerce expected to grow by 3.6 percent in 2017, well above last year's 1.3 percent.

  • Japan exports surge at fastest in nearly 4yrs

    Booming shipments of cars and electronics in August drove up Japan's exports at the fastest pace in nearly four years, further evidence that overseas demand is strong enough to support healthy economic growth.

  • CEOs in US optimistic on economy, tax reform: survey

    Large US companies remain upbeat on hiring and capital spending, due in part to continued confidence that Washington will enact tax reform, the Business Roundtable said Tuesday.

  • UK retail sales shrug off Brexit-fuelled inflation

    British retail sales defied rising prices caused by Brexit to surge by a faster-than-expected 1.0 percent in August, the Office for National Statistics said on Wednesday.

  • EU, Canada launch free trade agreement while Britain eyes own deal

    The European Union and Canada will begin cutting import duties from Thursday on thousands of products and services in a reminder to Britain of the work it will take to replace the trade alliances it will give up when it leaves the EU.

  • China rises at Frankfurt automobile show

    Traditional heavyweights Fiat, Peugeot and Volvo may have shunned this year's Frankfurt auto show (IAA), but for Chinese and Taiwanese carmakers looking to make inroads in Europe the chance to step into the limelight was not to be missed.

  • ThyssenKrupp-Tata steel merger sets scene for jobs battle

    German heavy industry giant ThyssenKrupp and Indian group Tata agreed Wednesday to merge their steel operations in Europe, sending governments and unions scrambling to ward off job cuts.

  • EU seeks post-Brexit powers over foreign finance firms

    The EU on Wednesday unveiled plans for sweeping new powers over foreign financial firms in Europe that would give the bloc strict oversight over the London financial hub after Brexit.

  • Indian brick workers treated 'worse than slaves': NGO

    Millions of Indian brick workers are trapped in bonded labour and regularly cheated out of their wages, an anti-slavery group said Wednesday as it demanded government action.

  • OECD warns global recovery not yet secure

    The rebound in global growth is not yet secure, the OECD warned Wednesday, with weak investment by businesses and slow growth in trade and wages raising doubts whether the current momentum will be sustained.

  • Beijing, Shanghai to close bitcoin exchanges

    Banking regulators in Beijing and Shanghai have ordered local cryptocurrency exchanges to shut down, state media reported Tuesday, in the latest blow to the once flourishing Chinese market for virtual money.

  • Toshiba selects Bain group as buyer of its prized chip business

    Japan's embattled Toshiba Corp has chosen a group led by US private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, a last-minute dramatic twist to a highly contentious auction.

  • Airbus opens first plane-completion centre in China

    Airbus on Wednesday inaugurated its first completion centre for large aircraft in China, a new asset for the European manufacturer in heated competition with American rival Boeing.

  • Reliance plans major expansion at world's largest oil refinery complex

    The Reliance Industries, operator of the world's largest refining complex, is considering expanding its oil processing capacity by over 40 percent by 2030, according to two sources familiar with the matter.

  • Pakistani investors aim for LNG import terminal in early 2019

    Three Pakistani industrial groups plan to begin importing liquefied natural gas (LNG) through a private terminal due to be completed in early 2019, bringing the total number of potential LNG import projects in the country to eight.

  • EU ministers push for Google, Facebook tax

    Google and Facebook may face higher tax bills in Europe as the EU rushed Saturday to change rules so that more of Silicon Valley's mega profits fall into public coffers.

  • Serbian workers rebel against foreign bosses

    Qualified, cheap and little protected by law -- Serbian workers have everything to please foreign multinationals.

  • Apple, Dell join bid to buy Toshiba's chip business

    US tech titans Apple and Dell have joined a bid to buy Toshiba's memory chip business, a deal seen as key to the survival of the cash-stripped Japanese industrial conglomerate, the US investor leading the consortium has said.

  • EU slams Trump's economic policy

    The European Union's economic and financial committee has criticised US President Donald Trump's economic policy and is worried that his efforts to boost protectionism pose a threat to the global economy, a German magazine reported on Saturday.

  • European banks on expensive hiring spree before Brexit

    Europe's regulators are competing to hire risk specialists to prepare for an influx of banks escaping Brexit, nudging up salaries and stretching staff budgets.

  • Apple out to renew iPhone frenzy at age 10

    With Apple set to unveil its newest iPhones, a key question for the California tech giant is whether it can recapture the magic from its first release a decade ago.

  • Shell to invest $1b in Mexico

    Royal Dutch Shell said Wednesday it would invest $1 billion in Mexico over the next decade, after the oil giant opened its first retail gas station in the country.

  • Nokia announces nearly 600 job cuts in France

    Finnish telecoms giant Nokia said Thursday it planned to cut around 600 jobs in France as it seeks to make cost-savings and refocus its loss-making businesses.

  • France begins privatisation drive to fund innovation

    France has begun selling off shares it still holds in companies as it seeks to raise 10 billion euros ($12 billion) to fund a programme to promote innovation in the country's sclerotic economy.

  • UK Brexit minister says good prospect of agreeing transitional deal with EU

    There is a good prospect Britain will negotiate a transitional arrangement with the European Union before it leaves the bloc in March 2019, Britain's Brexit minister David Davis said on Thursday.

  • Eicher set to make $1.8b-$2b binding bid for Ducati

    India's Eicher Motors is set to make a $1.8 billion-$2 billion bid for Italian motorcycle manufacturer Ducati, the Economic Times daily reported on Thursday, sending the shares in the maker of Royal Enfield motorbikes to a record high.

  • Ex-manager of RCBC to face charges in Philippines for BB cyber heist

    Philippine prosecutors have recommended the filing of charges against a former bank manager for her part in laundering of tens of millions of dollars stolen from Bangladesh's central bank last year but cleared two casino agents and a remittance firm.

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