The United States hopes to make "significant progress" during high-stakes trade talks with Chinese officials this week, US Treasury Secretary Steven Mnuchin said Tuesday. Beijing and Washington have a month remaining in a 90-day truce

Read More

Nearly 5,000 low-paid Bangladeshi garment workers stitching clothes for global brands have been sacked by factory bosses for joining strikes over wages this month that turned violent, police said Tuesday. Thousands of labourers walked out

Read More

The world's leading luxury retailer LVMH on Tuesday posted record sales of 46.8 billion euros ($53.5 billion) in 2018, up 10 percent from the previous year as markets grew in Asia, Europe, Japan and the

Read More

The United Arab Emirates said Tuesday it had filed a complaint to the World Trade Organization after Qatar banned UAE goods, the latest escalation in hostilities between the Gulf neighbours. An official statement carried by

Read More

Syria and Iran signed 11 agreements and memoranda of understanding late Monday, including a "long-term strategic economic cooperation" deal aimed at strengthening cooperation between Damascus and one of its key allies in the civil war

Read More

California utility PG&E, facing billions of dollars in potential liabilities over its role in a series of deadly wildfires, filed for bankruptcy protection on Tuesday. The company, the largest utility in America's most populous state,

Read More

The EU approved on Tuesday the import of US soya beans for use as biofuels, a gesture that helps strengthen a fragile trade truce with US President Donald Trump. Caught in a trade spat, Trump

Read More

German software giant SAP said Tuesday it would slash 4,400 jobs in a billion-euro restructuring plan after profits stagnated in 2018, while insisting it was on track to grow revenues and earnings this year. "We

Read More

Three banks based in the UAE capital Abu Dhabi Tuesday announced they have agreed to merge to form the Emirates' third largest lender. The boards of Abu Dhabi Commercial Bank (ADCB) and Union National Bank

Read More

US consumer confidence fell to a 1-1/2 years low in January as a partial shutdown of the government and financial markets turmoil left households a bit nervous about the economy's prospects. The drop in confidence

Read More