The Financial Express

Search results for: Global

UK’s Tesco considers Asia exit

-- 2019-12-09 11:24:17

Britain’s biggest retailer, Tesco, has signaled a further retreat from its once lofty global ambitions by starting a review of its remaining Asian businesses, which could result in a sale of tho...

Shooting near Mexico’s presidential residence kills four

-- 2019-12-08 11:08:59

Four people were killed and two injured in a shooting on Saturday near Mexico’s National Palace, the presidential residence in the capital’s historic downtown, officials said. President A...

Suu Kyi departs for genocide hearings amid fanfare at home

-- 2019-12-08 10:46:17

Myanmar leader and Nobel peace prize laureate Aung San Suu Kyi departed on Sunday for the UN’s top court in The Hague to defend the country against charges of genocide of its Rohingya Muslim min...

Cyprus economy likely to slow down in 2020

-- 2019-12-07 15:00:10

Cypriot Finance Minister Constantinos Petrides had said that the country's economic growth is expected to slow down to 2.9 per cent in 2020 from 3.2 per cent this year. Presenting to parliament the s...

Trump halts plan to designate Mexican drug cartels as terrorists

-- 2019-12-07 14:32:38

US President Donald Trump has delayed plans to legally designate Mexican drug cartels as terrorist groups. Mr Trump had vowed to label the gangs as terrorists after the killing last...

Canada's jobless rate climbs to 5.9pc in Nov

-- 2019-12-07 14:21:25

Canada's jobless rate rose to 5.9 per cent in November from 5.5 per cent in October, Statistics Canada has said. According to the statistics report, published on Friday, the country’s job marke...

China’s RMG industry reports lower revenue

-- 2019-12-07 14:03:46

The revenue of China's ready-made garment (RMG) industry was lower in the first 10 months of the current year, said the Ministry of Industry and Information Technology (MIIT). From January to October...

Maruti Suzuki recalls over 60,000 vehicles across three brands

-- 2019-12-07 13:46:17

India's largest car manufacturer Maruti Suzuki has proactively recalled 63,493 certain petrol Smart Hybrid (SHVS) variants of Ciaz, Ertiga and XL6 vehicles, the company said in a statement to the Bomb...

Indian rape victim dies in hospital after being set ablaze

Reuters 2019-12-07 10:40:32

A 23-year-old rape victim died in a hospital in the Indian capital two days after she was set on fire by a gang of men, including her alleged rapist, Reuters partner ANI reported on Saturday. The wom...

Trump calls for World Bank to stop loaning to China

-- 2019-12-07 10:28:32

US President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections. The W...

Trade war goes digital: Countries eye tariffs on Internet economy

REUTERS 2019-12-07 10:17:24

A 20-year global moratorium on imposing tariffs on digital trade could end next week if India or South Africa makes good on threats, according to trade officials and documents, potentially forcing peo...

Saudi Aramco raises $25.6b in world's biggest share sale

BBC 2019-12-06 17:31:09

State-owned oil giant Saudi Aramco has raised a record $25.6bn (£19.4bn) in its initial public offering in Riyadh. The share sale was the biggest to date, surpassing that of China's Alibaba whi...

ADB approves $1b emergency loan for Pakistan

-- 2019-12-06 14:23:33

The Asian Development Bank (ADB) has approved an emergency loan of 1.0 billion US dollar for Pakistan to provide immediate support to the country's finances and help strengthen a slumping economy. Th...

ADB approves $160m loan for Mongolia

-- 2019-12-06 14:14:31

The Asian Development Bank (ADB) has approved a loan of 160 million US dollars to support Mongolian government's efforts to improve the air quality and health in Mongolia's capital Ulan Bator. "Air p...

NZ c. bank alerts public to phone call scam

-- 2019-12-06 14:07:40

The Reserve Bank of New Zealand (RBNZ) is alerting the public to what appears to be an automated phone call scam randomly targeting members of the public, according to a statement on Friday. The scam...

Gas explosion at Polish ski resort kills four

-- 2019-12-05 12:36:31

Four people have died after a three-story building in the southern Polish ski resort of Szczyrk collapsed on Wednesday following a gas explosion, a local police spokesman said on Thursday. The bodies...

1.6m tourists visit Sri Lanka till Nov end

-- 2019-12-05 12:23:07

Tourist arrivals to Sri Lanka hit the 1.6 million mark in November with the arrival of over 175,000 tourists to the country by the end of the month, statistics from the Sri Lanka Tourism Ministry has...

Argentine central bank chief Sandleris steps down

Reuters 2019-12-05 11:42:02

Argentina central bank chief Guido Sandleris resigned on Wednesday, an expected step as Latin America’s third-largest economy transitions to Peronism next week under newly elected President Albe...

Huawei launches new legal challenge against US ban

-- 2019-12-05 11:24:35

Huawei has launched new legal action against the US over claims the Chinese telecoms giant poses a security risk. It comes after the US Federal Communications Commission (FCC) put curbs on rural mobi...

Six including Japanese NGO head killed in Afghan gun attack

-- 2019-12-04 14:03:54

Six people including the head of a Japanese NGO were killed on Wednesday after unknown gunmen attacked their vehicle in Jalalabad, the capital city of Afghanistan’s eastern Nangarhar province, o...

Trump comments, Uighur bill hurt prospects of US-China deal

Reuters 2019-12-04 13:57:03

US President Donald Trump’s comments that a trade agreement with China may have to wait until late 2020 and a House of Representatives bill targeting camps for Muslims in Xinjiang have cast doub...

Afghan gov't approves 35 contracts worth $46m

-- 2019-12-04 13:47:08

The Afghan government's National Procurement Commission (NPC) has approved 35 contracts worth 46 million US dollars, the Presidential Palace said on Wednesday. The NPC presided by President Mohammad...

Hyundai to invest $51b in future mobility devices, services by 2025

-- 2019-12-04 13:34:10

South Korea's biggest carmaker Hyundai Motor said Wednesday that it will invest around 51 billion US dollars in future mobility devices and services by 2025 as part of efforts to facilitate its transi...

Mahathir prepares to host his second APEC summit

-- 2019-12-04 12:51:56

Malaysian Prime Minister Mahathir Mohamad formally launched on Wednesday preparations to host next year’s APEC summit, recalling with pride how his country hosted the event more than 20 years ag...

Ceramics factory fire in Sudan kills 23

-- 2019-12-04 12:20:22

Twenty-three people were killed and more than 130 injured when a fire broke out after a gas tanker exploded while unloading at a ceramics factory in the Sudanese capital Khartoum on Tuesday, the gover...

South Korean court upholds record fine against Qualcomm

-- 2019-12-04 11:15:41

A South Korean court on Wednesday upheld a record $873 million fine against US chip giant Qualcomm for unfair business practices related to patent licensing and modem chip sales, rejecting the company...

US House passes Uighur bill seeking sanctions on Chinese officials

-- 2019-12-04 11:03:56

The US House of Representatives has passed a bill to counter what it calls the "arbitrary detention, torture, and harassment" of Uighur Muslims in China. The bill calls for "targeted sanctions" ...

ADB approves $400m loan for Philippines

-- 2019-12-03 13:41:40

The Asian Development Bank (ADB) said on Tuesday that it has approved a 400 million US dollars policy-based loan to support the Philippine government's efforts to reduce the number of out-of-school an...

US Cyber Monday sales to hit record $9.2b

-- 2019-12-03 11:18:15

Cyber Monday sales were on course to bring in a record $9.2 billion, according to evening estimates, building on a bumper Black Friday weekend for US retailers driven by earlier-than-usual promotions...

Ex-Malaysian PM Najib takes stand in 1MDB scandal-linked trial

-- 2019-12-03 11:06:00

Former Malaysian Prime Minister Najib Razak took to the witness box for the first time on Tuesday to defend himself on criminal charges linked to a multibillion-dollar scandal at state fund 1Malaysia...