Global Economy

Global Economy

Analysis / Neither precedent nor Trump can save Big Tech

After losing a jury trial against game store Epic Games in December, a judge has now ruled that Google must open a key piece of its Android smartphone operating system

56m ago

China to outline fiscal policy as traders await action

The news comes after traders on the mainland and in Hong Kong were left disappointed by a news conference Tuesday in which officials failed to unveil any new stimulus and provided scant detail on its plans for implementing the raft measures already flagged

2h ago

India central bank leaves interest rates unchanged

Central bank governor Shaktikanta Das said the bank would remain "unambiguously focused" on aligning inflation with its target while still supporting growth.

5h ago

Oil prices steady after sliding on potential Israel-Hezbollah ceasefire

Brent crude futures rose 22 cents, or 0.3 percent, to $77.4 a barrel by 0349 GMT

7h ago

China says raised 'serious concerns' with US over trade curbs

Chinese Commerce Minister Wang Wentao's call with US Commerce Secretary Gina Raimondo was described by Beijing as "candid, in-depth and pragmatic".

7h ago

Analysis / The US economy is solid: Why are voters gloomy?

Despite indicators showing the US economy is moving in a healthy direction, many Americans remain pessimistic about business and job prospects -- a mood that poses a frustrating problem for Vice President Kamala Harris in her neck-and-neck race with Donald Trump for the White House

7h ago

Foxconn to build world’s largest ‘superchip’ plant

Taiwanese tech giant Foxconn said on Tuesday it is building the world’s largest production plant for US hardware leader Nvidia’s GB200 “superchips” that power artificial intelligence servers.

18h ago

US judge orders Google to open Android to rival app stores

A US judge on Monday ordered Google to open its Android smartphone operating system to rival app stores, in a fresh legal setback for the tech giant.

18h ago

China's discount wars risk cementing frugal consumer mindset

An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating deflationary fears in the world's second-largest economy

3m ago

Travel restriction on bankers relaxed

However, MDs have to take prior approval of the banking watchdog

3m ago

ADB extends $250 million loan to strengthen social protection

The ‘Second Strengthening Social Resilience Program’ will help improve financial inclusion of disadvantaged people

4m ago

How US is daring the world to find a dollar alternative

The United States is merrily chipping away at the pillars that hold up the dollar as the world's reserve currency, with the latest blows coming from some powerful Americans questioning the rule of law following the conviction of Donald Trump

4m ago

European nations compete for Chinese EV factories, jobs even as EU weighs tariffs

European governments may be wary of budget Chinese electric vehicles flooding their markets but they're also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring.

4m ago

New office hour for bankers after Eid

Office hour 10am to 6pm, transaction hour 10am to 4pm

4m ago

Nothing mentioned in budget to stop gold smuggling: Bajus

The baggage rule should be amended to stop gold smuggling, the association said in budget reaction

4m ago

Five reasons financial disasters are hard to avoid

If we understand the causes of financial crises and how to prevent them, why do they keep happening?

4m ago

BYD says to build second EU factory despite EV slowdown

Chinese electric vehicle giant BYD is still committed to building a second factory in Europe and will roll out hybrid cars as the EV market slows down, a group executive told AFP

4m ago

Banks say growing reliance on Big Tech for AI carries new risks

The boom in artificial intelligence will increase banks' dependence on big US tech firms, creating new risks for the industry, European banking executives said

4m ago