Business

Oil prices regained ground on Friday with an average 2% rise after their biggest fall in over three years. It followed US President Donald Trump's threat of another tariff hike...

The Pentagon has announced it will review the bidding process for the massive cloud computing contract for the US military over concerns the deal could be “unfairly” granted to Amazon....

German drugs maker Bayer is closely watching the plant-based meat market which has seen booming demand in recent years. The company says it could potentially enter the market as a...

China's Foreign Ministry said on Friday that the country would have to take countermeasures if the United States was committed to imposing more tariffs on Chinese goods. Read Full Article...

Information technology company IBM is facing a number of lawsuits over firing some 100,000 employees to boost its appeal to younger generations and make it appear “cool” and “trendy” instead...

US President Donald Trump said that he will impose additional 10 per cent tariff on the remaining $300 billion of Chinese imports starting September 1, as trade war between Washington...

After two days of talks in Shanghai, US and Chinese trade negotiators walked away from the table without a deal. Washington will host the next round of talks in early...

The first gas flow through the Nord Stream 2 is set to start no later than December 31 this year, the project's Austrian investor said, noting that 70 percent of...

Official global gold reserves continued to grow at a rapid pace this year, with demand for the precious metal reaching 1,123 tons in the second quarter of 2019. Read Full...

Stock markets in the US have climbed higher partly because of President Donald Trump's policies. But they will go “haywire” if he fails to win a second term in the...

A Chinese billionaire has been indicted by a US grand jury. He is accused of smuggling huge amounts of aluminum into the United States without paying customs duties. Read Full...

Europe's Airbus has beaten its own records with skyrocketing half-year profits, boasting a strong demand from airlines for its fuel-efficient jets. In contrast, US rival Boeing suffered huge losses over...

The US dollar rose to a two-year high but the Dow Jones stock index slid over 300 points after the Federal Reserve announced a “one-off” quarter-point interest rate cut, less...

Germany's Constitutional Court has to determine if the European Central Bank's (ECB) asset purchases constitute illegal state funding. If the judges rule the bond buying program is illegal, it could...

The UK's financial regulator has warned against investing money in cryptocurrencies such as bitcoin, as they lack assets to guarantee their value and are therefore unsecure. Read Full Article at...

China's first privately-owned firm to put a satellite into orbit has announced plans to launch up to eight rockets next year, set to deliver satellites and other payloads into space....

The Ministry of Water Resources in China announced that the country has irrigated an area of 74 million hectares, covering half of the nation's farmlands. Read Full Article at RT.com

The public prosecutor's office in Munich said on Wednesday that it had filed charges against former Audi chief executive Rupert Stadler. He is being investigated for his role in Volkswagen's...

France's agriculture minister has blasted US President Donald Trump for his recent announcement that he will increase taxes on French wine in response to France's move to hike taxes on...

US President Donald Trump has once again criticized China's trade practices, warning negotiations could get tougher. The statements come as Beijing and Washington are headed into another round of trade...

Issues of privacy, user manipulation, and tax avoidance have turned public sentiment against big tech firms, once the darlings in the otherwise hated corporate world. But how quickly things change,...

The British pound has dropped nearly 3% against major currencies in the past four days with fears brewing that the UK will crash out of the European Union without a...

Saudi Arabia is struggling in its key economic and geopolitical ambition to position itself as the key substitute in Asia in general and China in particular for lost Iranian barrels...

The prolonged grounding of Boeing 737 MAX jets could lead to job cuts and other challenges for budget carriers which are grappling with lost revenue, said European low-cost airline Ryanair's...

Chinese crude shipments from Iran were 855,638 tons last month, or 208,205 barrels per day (bpd), customs data showed. Imports continued despite Washington's ending of exemptions given to Beijing for...

Major global banks including Barclays, JP Morgan, RBS, UBS, and Citigroup are being sued by investors over allegations they rigged the global foreign exchange (Forex) market. Read Full Article at...

The outlook for natural gas producers is not great. They are getting clobbered by low prices today, amid a glut. But the medium- and long-term looks even worse, with renewable...

A thriving nation with a population of around 1.37 billion people, India is one of the world's largest economies. It seeks to achieve an ambitious target of becoming a $5...

A US Senate committee will now not vote until next week on a bill that seeks to levy sanctions on companies and individuals involved in building the Nord Stream 2...

China's oil giant PetroChina has dug some 8,882 meters below Earth's surface to create the deepest oil well on land in Asia. The previous record was set by another Chinese...

A unit of German multinational Siemens has been awarded an $829 million contract from the Pentagon "for energy savings and performance measures" at the US naval base in Guantanamo Bay,...

Libya [National Oil Corporation] NOC representatives traveled to China to discuss China's interest in helping to restore Libya's oil industry that has suffered through years of civil unrest, according to...

An investigation by Chinese authorities found US courier delivery services company FedEx illegally withheld Huawei packages and has also violated other laws. That was reported by the state news agency...

A California judge on Thursday reduced a jury's $2 billion punitive damages award for a couple who blamed Monsanto's weed killer Roundup for their cancer. The award was excessive and...

Southwest Airlines, the first major US carrier to halt all 737 MAX flights for the rest of the year, has entered into negotiations with Boeing over compensation to cover the...

German multinational Deutsche Bank (DB) is currently facing massive problems, and its efforts to restructure have been greeted with doubt. Read Full Article at RT.com

Russia's gold reserves rose to more than $100 billion thanks to rising gold prices and the country's efforts to boost its bullion holdings. In June alone, Russia added more than...

Chinese telecom giant Huawei recorded better than expected revenue growth in the first half of 2019, up 30 percent year-on-year. The strong results come despite the Chinese firm being put...

Africa's fourth-biggest producer of gold, Tanzania, has awarded licences to China to construct a mineral smelter and two gold refineries. The Tanzanian government seeks to generate more revenues from the...

Beijing-based private company i-Space launched a carrier rocket with a payload into orbit on Thursday, marking the first successful orbital mission by that country's commercial space industry. Read Full Article...