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international economy

German business confidence little changed in October

Frankfurt - AFP

German business confidence fell just slightly in October, reflecting the resilience of Europe's biggest economy in the face of numerous challenges, including the Volkswagen scandal, the Ifo economic institute said Monday. The Ifo institute's closely-watched business climate index slipped to 108.2 points in October from 108.5 points in September, Ifo said in a statement, a much shallower drop than analysts

China leaders meet for 5-year plan amid calls for reform

Beijing - AFP

China's Communist leaders gathered on Monday to plan the country's course for the next five years, official media reported, as the world's second largest economy confronts slowing growth and structural inefficiencies. Beijing has pledged to tackle economic malaise and rampant pollution as it faces increasing calls to address problems that have soured the public mood and worried investors. The meeting,

Italy's probe into possible wrongdoing of central bank head casts light on fast-evolving institution

Rome - XINHUA

Bank of Italy governor Ignazio Visco is among eight officials named in an investigation into possible fraud and corruption in an ill-fated banking deal, casting new light on the operations of the 122-year-old institution whose role has changed dramatically since the introduction of the euro currency. The probe involving Visco is relatively small, and the fact that he and the

Myanmar imports palm oil to meet cooking demand

Yangon - XINHUAMyanmar imported 400,000 tons of palm oil annually to fill demand of edible oil as an alternative, an official report said on Sunday. Domestic edible oil produced from peanuts is 500,000 tons a year, while edible oil consumption is 900,000

Myanmar imported 400,000 tons of palm oil annually to fill demand of edible oil as an alternative, an official report said on Sunday. Domestic edible oil produced from peanuts is 500,000 tons a year, while edible oil consumption is 900,000 tons, the Edible Oil Dealers' Association was quoted as saying. The association attributed the low edible oil production to less

China's Ningbo port eyes ties with Dubai

Dubai - XINHUA

China's Ningbo port in southeastern Zhejiang Province plans to cooperate with the emirate of Dubai, home to the Middle East's biggest container port in the Jebel Ali free zone, Dubai's daily Khaleej Times reported Saturday. The report quoted Jiang Wei, secretary of Ningbo port's board, as saying that shipping lines have existed between Ningbo and Dubai, but no business cooperation

Sharjah unveils al-Sajaa Industrial Oasis

Sharjah - WAM

Sharjah Asset Management, the investment arm of the Government of Sharjah, announced on Wednesday the launch of Al Saja'a Industrial Oasis project, one of the largest industrial projects in the region, following the vision of the Emirate of Sharjah to create a strong and diversified economy, to further boost the competitiveness and prosperity of the Emirate. Sharjah Asset Management's investments

Growth v reform debate for China's new plan

Beijing - AFP

China's leaders gather Monday to hash out a new Five Year Plan to battle slowing growth, and analysts say they must choose between chasing a traditional GDP target and embracing reforms such as to the "one child policy" to help the country develop its full potential. After a decades-long boom, experts say China needs to embrace further liberalisation to avoid

Rare split at Federal Reserve ahead of policy meeting

Washington - AFP

Federal Reserve Chair Janet Yellen faces a rare open split among her team of policymakers as they head into a meeting Tuesday and Wednesday to again weigh raising interest rates. A new wave of doubts about the US economy among several Fed officials is almost certain to see the central bank again put off the decision for its first hike

Gallup: US credit card theft declines 2015

Washington - XINHUA

Twenty-two percent of Americans in 2015 said they or a household member had credit card information stolen by hackers, down from 27 percent of 2014, according to a Gallup poll released Friday. Last year, when Gallup first included credit card hacking on its list of several crimes, more Americans said they had been a victim of credit card theft than

Zimbabwe vice president pledges to attract more FDI

Harare - XINHUA

Zimbabwean Vice President Emmerson Mnangagwa said Friday that the government remains committed to making the necessary reforms needed for the country to attract Foreign Direct Investment (FDI). Addressing guests at a reception to mark the 70th anniversary of the founding of United Nations (UN), Mnangagwa said the government has put initiatives meant to improve the business climate. Zimbabwe has been

Economic woes fuel Puerto Rican exodus to US

Miami - AFP

Maritza Alameda saw no future in Puerto Rico, so she and her family moved to Florida, joining what has become a mass exodus as migration from the Caribbean island hits levels unseen in half a century. Puerto Rico is a territory of the United States although not a state. Its people are US citizens -- and they have not missed

China targets financial sector in corruption probe

Beijing - AFP

China's anti-corruption watchdog said it would expand its inspections to major financial institutions including the central bank and regulatory authorities, which are already under pressure after a spectacular stock market meltdown. After a series of probes into large state-owned enterprises -- in particular oil firms -- the Central Commission for Discipline Inspection, the Communist Party monitor, now plans to target

Atlantic free-trade talks advance with 2016 deal eyed

Miami - AFP

Negotiators for a huge trans-Atlantic free trade pact said Friday they were aiming to conclude a deal next year, after making "substantial progress" this week at talks in in Miami. Week-long discussions in the Florida city led by US negotiator Dan Mullaney and the European Union's Ignacio Garcia-Bercero advanced on the huge number of tariffs to be eliminated under the

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Frankfurt - AFP

Beijing - AFP

Rome - XINHUA

Yangon - XINHUAMyanmar imported 400,000 tons of palm oil annually to fill demand of edible oil as an alternative, an official report said on Sunday. Domestic edible oil produced from peanuts is 500,000 tons a year, while edible oil consumption is 900,000

Dubai - XINHUA

Sharjah - WAM

Beijing - AFP

Washington - AFP

Washington - XINHUA

Harare - XINHUA

Miami - AFP

Beijing - AFP

Miami - AFP