Economy
Japanese tech giant Toshiba Friday announced a plan to split into three companies "to create enhanced value for shareholders", according to a company statement. The decision came after media reports said the management was under pressure from shareholders to augment the firm's value by dividing its businesses. With this development, two companies will be dragged ...
Japan’s top automaker Toyota reported Thursday a 33% jump in second fiscal quarter profit, as it raised its full year forecast despite supply chain woes related to the ...
The surge in Tesla Inc's stock market value beyond $1 trillion on Monday is a double bonanza for Chief Executive Elon Musk, the electric car maker's largest shareholder. ...
The value of Saudi Arabia's imports from the United Arab Emirates (UAE) in August increased by about 31% month on month, official data showed on Monday, jumping back ...
New Zealand and the UK have agreed in principle on a "historic" free trade agreement (FTA) that will reduce tariffs on a range of products. In a joint ...
Economic growth in China slowed to 4.9 percent year-on-year in the third quarter, according to data released on Monday by the statistics office. The third-quarter figures are the ...
China’s exports rose at a slightly faster pace in September while demand for imports of iron ore and other commodities eased as a property construction boom cooled and ...
Oil prices were mixed on Tuesday over ongoing uncertainties amid the supply-induced energy crisis coupled with rising commodity prices, which analysts say may extend inflation increases. International benchmark ...
Three US-based economists jointly won the 2021 Nobel Prize in economics for their contributions to labor economics and analysis of causal relationships, the Royal Swedish Academy of Sciences announced on Monday. The award – the Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel – went to American economist David Card "for his ...
Global airline industry losses are estimated to total around $201 billion between 2020-2022 due to the COVID-19 pandemic, according to a leading trade group. Net industry losses are ...
