Global Business

Global Business

Toyota considers investing in potential $42 billion buyout of key supplier

Toyota Chairman Akio Toyoda and his founder family have proposed acquiring Toyota Industries in a possible 6 trillion yen ($42 billion) deal.

1h ago

China must ‘overcome’ AI chip challenges

President Xi Jinping said China must “overcome” the challenges of developing core AI technologies including high-end chips, state media reported yesterday, as Beijing seeks to become a world leader in the rapidly developing industry.

14h ago

IMF policy committee underscores trade risks to global economy, commits to Fund's role

In a chair's statement, the IMF's steering committee also reaffirmed prior foreign exchange commitments and voiced support for a realignment of quotas, or shareholding, that better reflects countries' positions in the global economy.

1d ago

Fed survey finds global trade fight, policy uncertainty top financial stability risks

Respondents cited "changes in government spending priorities and the extent of US international engagement" as driving uncertainty.

1d ago

Conflicting US-China talks statements add to global trade confusion

"China and the US are NOT having any consultation or negotiation on #tariffs," China shot back in a foreign ministry statement posted by the Chinese Embassy in the US.

1d ago

Ctg port will earn more if foreign operator is appointed: CPA chairman

Local operator Saif Powertec Ltd is currently operating the port's New Mooring Container Terminal

2d ago

Chinese business in Vietnam struggles with Trump tariffs uncertainty

But in Vietnam's northern industrial Bac Ninh province, Chinese businesses that AFP interviewed -- most of whom are linked to the export supply chain -- said investors were hesitating and anxiety was widespread.

3d ago

Tesla's EU sales plunge as Musk takes flak

Sales of the sleek machines fell 45 percent to just over 36,000 units in the first quarter of 2025 in EU

3d ago

EuroCham urges fair treatment

The European Union Chamber of Commerce in Bangladesh (EuroCham) urged the interim government to avoid discrimination against companies based in the bloc as Bangladesh weighs up substantial trade concessions for the United States.

3d ago

Americans sour on Trump's handling of the economy, Reuters/Ipsos poll finds

Just 37% of respondents to the six-day poll approve of Trump's handling of the economy

3d ago

EU slaps fines on Apple and Meta, risking Trump fury

The EU also fined Meta 200 million euros over its "pay or consent" system after it violated rules on the use of personal data on Facebook and Instagram.

3d ago

China says door for US trade talks 'wide open'

The fierce trade war between the world's top two economies has rattled markets and raised fears of a global recession.

4d ago

Stocks, dollar rebound as Trump backtracks on Fed attack

Trump also reiterated he wanted to do a deal with China where tariffs would not be anywhere near 145 percent, adding that he would set the terms of a deal if Beijing did not enter talks

4d ago

IMF must be more active on debt restructurings, Georgieva says

Georgieva said they wanted the IMF to provide more technical assistance to countries grappling with high debt levels.

4d ago

IMF keeps Bangladesh’s economic growth forecast almost unchanged

The IMF projected Bangladesh’s GDP growth at 3.76% for FY25

4d ago

Gold hits record, stocks slip as Trump fuels Fed fears

With the US tariff blitz still causing ructions on global trading floors, investors are now dealing with the added worry that the US president will try to remove the country's top banker that many fear could hammer already fragile market confidence.

5d ago

Police, Bida launch special security measures for foreign investors

Held meeting with officials of foreign companies, introduced dedicated emergency contact line

5d ago

DHL to stop global shipments worth over $800 to US consumers

As part of those changes, the government has also lowered the threshold at which parcels to individuals require formal entry processing by US Customs -- down to $800 from $2,500 as of April 5.

6d ago