Showing 1 - 10 of 19
IMF cuts 2023 global growth, warns major economies to stall
AFP, Published on 11/10/2022
» Global growth is expected to slow further next year, the International Monetary Fund (IMF) said Tuesday, downgrading its forecasts as countries grapple with the fallout from Russia's invasion of Ukraine, spiralling cost-of-living and economic downturns.
Swiss mull banning factory farms
AFP, Published on 22/09/2022
» GENEVA: The Swiss will vote Sunday on whether to ban intensive livestock farming in the largely rural country, which already has some of the world's strictest animal welfare laws.
After squawks of protest, Malaysia eases chicken export ban
AFP, Published on 14/06/2022
» Malaysia partially lifted on Tuesday a ban on chicken exports that was aimed at fighting domestic shortages but sent prices soaring in neighbouring Singapore, sparking squawks of protest.
Asian markets struggle as Hong Kong dives again, oil retreats
AFP, Published on 15/03/2022
» Asian markets struggled again Tuesday, with Hong Kong tech firms leading another sharp equity selloff in the city following the Covid-19 shutdown of tech hub Shenzhen and worries over Russia's military outreach to China.
Heineken, Carlsberg and Universal Music join Russia exodus
AFP, Published on 10/03/2022
» THE HAGUE: Dutch brewer Heineken, Danish beer-maker Carlsberg, and Universal Music Group have become the latest Western firms to halt operations in Russia over Moscow's war in Ukraine.
Major Australian energy firm Woodside announces Myanmar pullout
AFP, Published on 27/01/2022
» SYDNEY: Australian energy firm Woodside announced its withdrawal from junta-run Myanmar on Thursday, the latest company to head for the exit following a military coup last year.
Swiss spooked by using debt to prop up economy
AFP, Published on 21/02/2021
» ZURICH - Germany, which is known for strict budgets, has tapped debt markets to prop up its virus-hit economy, while neighbouring Switzerland has consistently curbed borrowing despite calls to change course.
Saudi Arabia pushes companies to move headquarters to kingdom
AFP, Published on 16/02/2021
» RIYADH: Saudi Arabia on Monday heaped pressure on foreign companies to move their Middle East headquarters to the kingdom, saying it will stop signing contracts with firms with hubs in other countries from 2024.
Ford to close all its factories in Brazil
AFP, Published on 12/01/2021
» SAO PAULO: Carmaker Ford said Monday losses exacerbated by the coronavirus epidemic would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.
Australia's Qantas cuts 6,000 jobs in post-Covid restructure
AFP, Published on 25/06/2020
» SYDNEY: Australia's Qantas is cutting 6,000 staff and grounding 100 planes for at least a year in a US$10 billion cost-cutting blitz in response to the Covid crisis, the airline announced Thursday.