Pound resilient as Brexit plot thickens
NEW YORK, Sept 11 ― The pound strengthened against both the dollar and the euro yesterday as investors took heart from legislation blocking a no-deal Brexit.
Tokyo stocks close higher on profit-taking
TOKYO, Sept 9 — Tokyo stocks closed higher on Monday on profit-taking, as investors assessed the impact from eased, but still lingering, worries over Brexit and the US-China trade war.
ECB nominee Lagarde faces grilling from euro MPs
FRANKFURT, Sept 4 ― European Parliament lawmakers will today question incoming European Central Bank chief Christine Lagarde on how she will run the institution, in a first major public test for the...
EU locked in ‘long battle’ against Chinese fraud
BRUSSELS, Sept 3 — Europe’s “long battle” against fake goods from China has become even more difficult with the upsurge in online shopping, where fraudulent and often dangerous products were b...
UK manufacturing hits seven-year low
LONDON, Sept 2 — Britain’s manufacturing activity slumped last month, in part owing to heightened economic and political turmoil triggered by Brexit, data showed today.
EU’s Barnier says Brexit deal cannot be changed
LONDON, Sept 1 — EU chief Brexit negotiator Michel Barnier said yesterday the bloc will not change the divorce deal agreed with Britain and that he is “not optimistic” of avoiding a no-deal outc...
Wall Street shaky as recession fears mount
NEW YORK, Aug 28 — Wall Street sank at the open today as US bond yields fell further, fuelling recession fears, and as Britain’s prime minister suspended parliament, making a chaotic no-deal Brexi...
Google job search tool under EU microscope
EU regulators are checking Google for Jobs to see if the company unfairly favours its fast-growing tool for searching job listings, Europe's antitrust chief said on Aug...
G7 pledges millions to help fight Amazon fires
BIARRITZ, Aug 26 — The G7 has agreed to spend €20 million (RM92.46 million) on the Amazon, mainly to send fire-fighting aircraft to tackle the huge blazes engulfing many parts of the world’s big...
Dutch say 100 companies make Brexit move
THE HAGUE, Aug 26 — Nearly 100 international companies have moved to the Netherlands and 325 more are interested owing to uncertainty over Britain’s exit from the EU, Dutch officials said today.
G7 leaders give Macron nod to send message to Iran
G7 leaders agreed that President Emmanuel Macron should hold talks and pass on messages to Iran after they discussed the issue at a summit in southwestern France on Saturday evening, a French presiden...
Johnson seeks to push Trump at fractious G7
BIARRITZ, Aug 25 — British Prime Minister Boris Johnson will today seek to persuade President Donald Trump to offer flexibility on trade and also win concessions from the EU on Brexit, at a G7 summi...
Trump, EU clash over trade at G7 opening
BIARRITZ (France), Aug 24 — US President Donald Trump and EU leaders exchanged trade war threats today as they arrived in France for a G7 summit of wealthy democracies overshadowed by trans-Atlantic...
US lawmakers pressure tech as devices capture conversations
Members of US Congress from both parties called out Facebook Inc on Aug 14 for paying contractors to transcribe audio clips from its users and urged new statutes to tackle the drumbeat of such revelations from across the tech industry.
Chinese investment in Europe slides 84% in H1
CHINESE investment in Europe nose-dived in the first half of this year from the same period of last year due to growing trade tension and economic uncertainty, according to a report from international consultancy group EY.
French joblessness hits new post-2009 low
PARIS, Aug 14 — France’s unemployment rate dipped slightly in the second quarter to 8.5 per cent, its lowest level in a decade, the national statistics agency Insee said today, confirming a modera...
Brexit turmoil drives UK towards recession
LONDON, Aug 12 — Britain’s economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed Friday, placing the country on the verge of recession and sending t...
CPO prices set to rise through 2021
SANDAKAN: The price of crude palm oil (CPO) is expected to rise from current levels to average higher by the end of this year through 2021, partly driven by the enforcement of higher biodiesel mandate...
Europe’s privacy rules hurt small firms, not tech giants
THE European Commission is largely happy with the first year of its sweeping digital privacy rules. Evidence mounts, however, that the General Data Protection Directive (GDPR) hurts smaller firms and has no effect on tech giants, which are the least interested in preserving user privacy.
Johnson plots Brexit gambit with new cabinet
Britain's new prime minister, Boris Johnson, has stacked his cabinet with Brexiteers and restated his commitment to take his country out of the EU "no ifs, no buts" in three months' time.
Europe’s privacy rules hurt small firms, not tech giants: opinion
The European Commission is largely happy with the first year of its sweeping digital privacy rules. Evidence mounts, however, that the General Data Protection Directive, or GDPR, as applied today hurts smaller firms and has no effect on tech giants, which are the least interested in preserving user privacy.
Nokia narrows losses in Q2
HELSINKI, July 25 — Nokia, the Finnish telecoms equipment maker, said today that it narrowed its losses in the second quarter on the back of strong demand for the next generation of mobile phone net...
EU threatens duties on €35b in US goods
BRUSSELS, July 24 — The EU is ready to hit the United States with extra tariffs on goods worth €35 billion (RM160.7 billion) if Washington slaps duties on its cars, its trade chief said yesterday.