International

New car sales in the European Union fell 18.3 per cent in August to their lowest in three years, dragged down by double-digit losses in major markets Germany, France and Italy ...

The Bank of England held interest rates at 5.0 per cent on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds over the coming 12 ...

British house prices rose by an annual 2.2 per cent in July, the fifth monthly rise in a row but the pace of increase cooled and was below a revised 2.7 per ...

Mitsubishi UFJ Financial Group has appointed Yoshi Katsuda as regional head for the Middle East based in Dubai, Japan’s largest bank by assets said in a statement released this ...

British inflation held steady in August but sped up in the services sector which is closely watched by the Bank of England, data showed on Wednesday, adding to bets that ...

Britain’s housing market recovered momentum in September, as the Bank of England’s first interest rate cut in more than three years and greater political certainty after July 4’s ...

Saudi Arabia’s annual inflation rate inched up to 1.6 per cent in August, from 1.5 per cent in July, government data showed, driven by an increase in housing rents and food ...

Global tech giants halved their business flight emissions in 2023 compared to 2019, but companies like Apple (AAPL.O) and Google’s parent Alphabet (GOOGL.O) are falling behind, risking a return ...

British businesses are worried that greater protections for employees planned by the newly elected Labour government will make it more risky to hire new staff, according to the Confederation of ...

By Simone Tagliapietra A report on the future of European competitiveness, prepared by former Italian prime minister Mario Draghi and long awaited in Brussels, is finally out. It is expected ...

UBS Asset Management has been selling corporate bonds in its global portfolios during market rallies, a senior fund manager said, citing concerns that a slowing economy or the looming US ...

Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year, the software maker has said, as it looks to beef up ...

Abu Dhabi’s Etihad Airways plans to make its stock market debut no sooner than 2025, two people familiar with the matter said, in potentially the first IPO of a major ...

Visa (V.N) plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North ...

Russia’s digital development ministry plans to allocate nearly 60 billion roubles ($660 million) over the next five years to improve the system used to censor web traffic, a government proposal seen ...

It is hard for Dogan Duman to see how he can keep his garment factory in central Turkey running much longer, even after firing a third of his staff to ...

The energy unit of Japan’s Panasonic Holdings (6752.T) has finalised preparations for the mass production of its 4680 electric-vehicle batteries, the company said this week, as it seeks to start ...

Samsung Electronics, the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30 per cent of its overseas staff at some divisions, three sources with direct ...

Japan’s economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in corporate and household spending that point to a bumpier ...

HSBC is mulling the combination of its Commercial and Investment banking divisions to eliminate overlapping roles at the lender and cut costs, according to Bloomberg News, citing people familiar with ...

Australia plans to set a minimum age limit for children to use social media citing concerns about mental and physical health, sparking a backlash from digital rights advocates who warn ...

Britain’s financial watchdog said this week it had granted an extension for ‘naming and marketing’ rules aimed at tackling ‘greenwashing’, giving firms until April 2025 to comply. It said funds ...

The United Arab Emirates’ economy grew 3.4 per cent in the first quarter of 2024 compared with the same period the previous year, according to preliminary government estimates reported by the state ...

Microsoft (MSFT.O) held a summit this week to discuss steps to improve cybersecurity systems, after a faulty software update from CrowdStrike (CRWD.O) caused a global IT outage in ...