Beijing warned yesterday was prepared to impose new tariffs on $60 billion worth of US goods if Washington ups the ante in the escalating US-China trade war, reports AFP from Beijing. The commerce ministry issued a statement saying the new duties would be applied if Washington pulled the trigger on…

Sri Lanka’s central bank yesterday announced it had secured a $1 billion Chinese loan as the island, a key link in Beijing’s ambitious Belt and Road initiative, develops closer relations with Asia’s largest economy, reports AFP from Colombo. Central bank Governor Indrajit Coomaraswamy…

 The German government will grant tax relief for electric or hybrid company cars, as the cabinet decided on a large scale subsidy on Wednesday, reports Xinhua from Berlin. In the past, employees who drive company cars privately had to file a monetary benefit of 1 percent of the car's official…

Asian equities were mixed yestrerday after another painful week as fears of an all-out trade war between Beijing and Washington keep investors on edge,…

China’s stock market has been overtaken as the world’s second-biggest by Japan’s, having been swiped this year by the threat of a trade…

Something unusual is happening on farms in the small Central American nation of El Salvador. Many fields, mainly of sugar cane, are now being tended by…

China’s Huawei yesterday said it could replace Samsung as the world’s top smartphone maker by late next year, just days after data showed it surpassed Apple for the number-two spo despite being essentially barred from the key US market, reports AFP from Shanghai. The chief of Huawei’s…

Shares in Siemens plummeted Thursday after falling demand for gas turbines weighed on quarterly earnings, and the German conglomerate announced a major…

Japanese car giant Toyota yesterday posted a record first-quarter net profit but warned that threatened US sanctions on the auto sector could have a “very big” impact on earnings, reports AFP from Tokyo. The firm added that ongoing trade frictions between the US and China, as well as Washington’s…

The possibility of a no-deal Brexit is "uncomfortably high" and "highly undesirable", Bank of England governor Mark Carney has told the BBC, reports BBC. Mr Carney said the prospect of the UK leaving the EU without a deal was "a relatively unlikely possibility, but it is a possibility".…

The Bank of England hiked interest rates Thursday by a quarter-point to 0.75 per cent to help tame high inflation, and upgraded its 2019 economic growth forecast despite Brexit fears, reports AFP from London. The British central bank's nine-member monetary policy committee voted unanimously to raise…

Apple became the first private company to exceed $1 trillion in market capitalization Thursday, two days after reporting better-than-expected quarterly earnings, reports AFP from New York. Here is a look at the world’s five biggest companies by stock market value. Apple, Cupertino, California…