German central bank sees signs of recession 'multiplying'

The German central bank said Monday it was increasingly likely that Europe's largest economy would shrink for a "prolonged" period as Russia throttled energy supplies to the continent.

Indian exports to GCC surge by 44% to $43.9 billion

The two-way trade between the UAE and India stood at $43.3 billion in 2020-21, including Indian exports worth $16.7 billion and imports at $26.7 billion. In 2019-20, the bilateral trade value was $59...

COVID-hit Shanghai unveils $257 billion in projects in infrastructure push

The economy of China’s biggest city slumped 13.7% in the second quarter, the worst performance among all 31 of China’s province-level regions.

Industrial producer prices rose in July 2022 by four per cent in the euro area and by 3.7 per cent in the EU, compared with June 2022, according...

Publish: 4 Sep 2022 - 19:28

Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024, its boss told AFP on Tuesday, with luxury goods...

Publish: 4 Sep 2022 - 19:28

The International Monetary Fund (IMF) on Thursday announced that it will provide Sri Lanka a loan of about $2.9 billion over a four-year period to...

Publish: 4 Sep 2022 - 19:27

 Luxury sportscar maker Porsche AG said on Thursday its supervisory board intends to appoint Sajjad Khan, a former chief technology officer at...

Publish: 4 Sep 2022 - 19:27

Volkswagen (VOWG_p.DE) will accelerate its transition towards electric vehicles, but needs to find the right "rhythm" as...

Publish: 4 Sep 2022 - 19:27

Japanese camera maker Nikon Corp on Friday announced plans to take over German 3D metal printing machine maker SLM Solutions Group for 622 million...

Publish: 4 Sep 2022 - 19:27

Britain clinched a Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world’s biggest trading blocs...

Publish: 27 Dec 2020 - 17:15

Oil prices inched higher on Thursday, helped by late-day buying in a low-volume session to close out the week.

The market built gains...

Publish: 27 Dec 2020 - 17:15

Russia expects to support an increase in oil production by the group, known as OPEC+, of another 500,000 barrels per day (bpd) from February at...

Publish: 27 Dec 2020 - 17:15

U.S. ecommerce sales jumped 49% in this year’s holiday shopping season, according to Mastercard SpendingPulse report, underscoring the COVID-19...

Publish: 27 Dec 2020 - 17:00

BEIJING: IMF chief Christine Lagarde warned China on Thursday about saddling other countries with a “problematic increase in debt” through its...

Publish: 12 Apr 2018 - 13:07

HONG KONG/SYDNEY: A Chinese investor consortium is buying a majority stake in Australian vitamin company Nature’s Care, in a deal that a source...

Publish: 12 Apr 2018 - 12:15

HONG KONG: The Asian Development Bank lifted its outlook for growth in developing Asia this year thanks to a pick-up in the global export demand...

Publish: 12 Apr 2018 - 12:13

ISTANBUL: Turkey’s current account deficit stood at $4.152 billion in February, official data showed on Wednesday, below a forecast of $4.2...

Publish: 12 Apr 2018 - 12:07

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