Business

London: The Bank of England (BoE) needs to act "promptly as well as muscularly" to stimulate the economy and boost confidence, its chief economist...

Washington: The cost of living in the US rose in June, propelled by a rebound in fuel prices and sustained gains in rents that is driving inflation closer...

Brasilia: Brazil may launch a trade challenge against Canada over state funding to struggling planemaker Bombardier Inc that could hurt Brazilian rival...

Singapore: More rich Asians are asking private banks to manage their wealth amid increasing volatility in financial markets, a new survey shows, in an...

Singapore: Singapore Exchange reopened its stock market after a disruption shut trading early on Thursday, prompting an apology from Chief Executive Officer...

Beijing: China’s growth stabilised as lending and consumer spending picked up, suggesting the economy is responding to stepped up policy support. Gross...

Bangalore: Infosys cut its annual sales forecast as companies worldwide rein in IT spending and shift to cloud-based software services, sending its shares...

Stockholm: Ericsson Chief Executive Officer Hans Vestberg has had a hard time competing against rivals Huawei Technologies and Nokia in a market for...

Zurich: Swatch Group shares plunged as the watchmaker reported a collapse in first-half profit, showing how the malaise in the luxury market has spread from...

Muscat: A restaurant in Al Khuwair was damaged after a cooking gas cylinder exploded in the kitchen, the Public Authority for Civil Defence and Ambulance...