Business News

Volkswagen to cut 30,000 jobs to save money for electric, self driving projects

Volkswagen's CEO was told about emissions software months before scandal: Der Spiegel

Volkswagen further said it was the task of authorities and courts to evaluate the conflicting statements and to assess whether individual witnesses were credible.

Aug 19, 2018

By Reuters

Iran says its economy not at 'dead end' from U.S. sanctions

Washington has withdrawn from a deal that had lifted sanctions on Tehran in return for curbs on its nuclear programme.

Aug 19, 2018

By Reuters

Illustration photo of U.S. Dollar and China Yuan notes

China's Guangdong to invest $21.8 billion each year in 2018-2020 into high-end industry

Move came in line with Beijing's effort to upgrade its industries toward higher-value and low-pollution production.

Aug 19, 2018

By Reuters

Chinese internet stock sell-off may shake faith in FANGs

Shares of Tencent, China's largest social media and gaming company, have fallen over 6 percent in the past two days

Aug 18, 2018

By Reuters

walmart to sell chinese e commerce business to JD.com

Walmart asks some beauty suppliers to consider sourcing outside of China

Many cosmetics products like shampoos, lipsticks and makeup fall under the most recent list of proposed levies on Chinese goods.

Aug 18, 2018

By Reuters

Global Economy: Euro zone limping as global trade war escalates

Protectionist policies on trade are likely to tap the brakes significantly on global growth and have already caused turmoil in financial markets.

Aug 18, 2018

By Reuters

Spiritual guru behind downfall of Fortis' Singh brothers?

Heirs to a business house which was worth billions not that long ago, there has been a dramatic fall in the fortunes of Malvinder and Shivinder Singh in the last six months.

Aug 18, 2018

By Ramandeep Bajwa

Global Markets: Asian shares gain on U.S.-China trade talks, lira recovers

European shares are expected to be little changed, with financial spreadbetters looking at an almost flat opening in three major European bourses.

Aug 17, 2018

By Reuters

Sudan wants ONGC Videsh to withdraw arbitration over oil payment dues

Sudanese delegation including its finance and foreign affairs minister met ONGC officials seeking withdrawal of the arbitration proceedings.

Aug 17, 2018

By Reuters

Turkish Treasury and Finance Minister Berat Albayrak speaks during a presentation to announce his economic policy in Istanbul, Turkey August 10, 2018.

Turkey will emerge stronger from lira crisis despite row with U.S.: minister

With Ankara locked in a complex rift with Washington, he also played down a decision by President Donald Trump to double tariffs on imports of Turkish metals.

Aug 17, 2018

By Reuters