Global Business

Global Business

Feud over container handling rates disrupts Ctg port operations

Disputes between berth operators and shipping agents slow handling at six jetties

1d ago

Humankind’s Comparative Advantage

A seeker at an early age, Yuval Noah Harari has written about human evolution as a philosopher and historian.

1d ago

Asian markets drop as trades fret over US inflation, rates outlook

Sentiment was also clouded by data showing that Chinese consumer inflation remained almost non-existent despite a raft of stimulus measures in the final three months of last year.

1d ago

China inflation hits nine-month low in December

For the whole of 2024 prices were up 0.2 percent, the same as the previous year.

1d ago

Fitch flags concerns over 'significant' US fiscal policy challenges

Congress has had frequent battles in recent years over the best way to tackle growing spending commitments, with lawmakers divided over whether to tax more, spend less, or do both at the same time.

2d ago

Samsung warns fourth-quarter profit to miss forecasts

The announcement comes after the world's largest memory-chip maker issued a rare apology in October acknowledging it was facing a "crisis" and that questions had arisen about its "fundamental technological competitiveness and the future of the company".

2d ago

US trade deficit widens in November on imports jump

With Trump set to take office later this month, trade imbalances in the world's biggest economy could again come under the spotlight.

2d ago

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay

Samsung is expected to estimate its operating profit rose to 8.2 trillion won ($5.6 billion) in the quarter ended December

3d ago

Boeing announces almost 2,200 layoffs at historic sites

Boeing intends to cut almost 2,200 jobs in the US state of Washington, which is home to many of its oldest factories, according to a statement released Monday.

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Can the Trump-Musk 'bromance' last?

Can the bromance between the world's wealthiest man and the soon-to-be US president survive some major policy differences and their own combustible personalities?

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Tata seals deal with Pegatron for iPhone plant in India's Tamil Nadu, sources say

Tata will hold 60 percent and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support

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Elon Musk's political rise stirs hopes for banks that financed his X purchase

Some of the lenders in the consortium, which included Morgan Stanley and Bank of America, think Musk's emergence as a close aide to Republican President-elect Donald Trump could boost the prospects of X

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Strong US data feeds doubts about Fed December rate cut

US central bankers continued to express faith that inflation was coming under control and would allow the central bank to lower its benchmark rate over time from the current 4.5 percent-4.75 percent range,

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US industrial production slump stretched in October

Industrial output fell by 0.3 percent in October after declining by a revised 0.5 percent a month earlier, the Fed said in a statement.

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US finalizes up to $6.6 bn funding for chip giant TSMC

The Biden administration's announcement comes around two months before President-elect Trump takes office

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Malaysia's Daim Zainuddin, reformist ex-finance minister, dies at 86

The 86-year-old, who was credited with investor-friendly policies and privatisation of state-owned firms under former Prime Minister Mahathir Mohamad, died at a hospital on the outskirts of Kuala Lumpur, the family said in a statement.

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Trump victory signals golden era for crypto industry

Trump's impending presidency has spurred an enthusiastic market response, with bitcoin surging more than 25 percent in a week and breaking through the $90,000 mark for the first time

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Russia's growth dips as inflation weighs on economy

Growth in the third quarter was 3.1 percent year-on-year, the Rosstat federal statistics agency said, down from a rate of 4.1 percent in the second quarter

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