Policymakers, bankers and BPO industry leaders stressed outsourcing back office by the banks to create large-scale employment, cut operational cost and increase efficiency in the financial sector. Talking to the news agency, they said if the banks outsource their back-office activities, it will give…

Thai Exim Bank and Japan Bank for International Cooperation (JBIC) have expressed their interest to invest in Bangladesh for modernising the country’s…

Bruised by months of street protests and calls to resign, Hong Kong's pro-Beijing leader Carrie Lam came to Davos with a tricky pitch to sell -- that the Chinese territory is still a safe destination for investment and she is not going anywhere. Her stay at the four-day event in the Swiss Alps,…

Shares were mostly higher in quiet trading yesterday in Asia as China began a week-long Lunar New Year festival that is being overshadowed by the outbreak…

Germany’s biggest lender Deutsche Bank said yesterday it had recruited former foreign minister and Social Democratic Party (SPD) leader Sigmar Gabriel to join its supervisory board. “With his wealth of experience, having served as environment minister, economic affairs minister and foreign…

Business leaders have welcomed what they call a clarification of the government’s view that there would be “no alignment” with EU rules…

German automakers, already pounded by weak global growth and a costly shift to electric vehicles, stand to lose the most if US President Donald Trump…

Brazil, which became a net oil exporter last year, wants to expand its footprint in global energy markets without joining OPEC. The South American nation expects to be among the top-five energy exporters by 2030, and is tapping private investment to boost output, according to energy and mines minister…

Britain is expected to announce next week whether to allow China’s Huawei to develop its 5G network, an official said yesterday, setting out reasons…

The European Union, China and 15 other countries agreed yesterday to develop a temporary system for appealing trade dispute rulings after the recent US-provoked…

US President Donald Trump will sign the new North American trade pact with Mexico and Canada next week, a White House official said Thursday. The USMCA, the fruit of years of negotiation between the three key trading partners, is billed as an update to the 1994 North American Free Trade Agreement, which…

Manufacturer Rolls-Royce has told the news agency yesterday that it plans to install and operate factory-built power stations by 2029. Mini nuclear stations…

Polish airline LOT said yesterday it would take over German carrier Condor, a former subsidiary of bankrupt travel operator Thomas Cook that has been kept aloft with government loans. “Maybe there was uncertainty about Condor’s future. I would like to say very firmly today, there is no more…

The quarreling elites gathered at Davos agreed on at least one thing about the world’s central bankers, they’re going to have a hard time…