Small businesses say rising rents pushing them out of German cities

Rising property prices are putting pressure on Germany's small businesses, forcing traders and artisans out of city centres, according to associations representing the sector. "We are seeing rising rents in metropolitan areas in particular. They...

Consumers supporting US economy amid manufacturing slump

American consumers appear to be carrying the US economy in their shopping carts as manufacturing slumps amid President Donald Trump's trade conflict with China, and financial signals warn of a possible recession. "The economy is...

LSE’s FTSE stock market suffers longest outage in years

A technical glitch delayed the start of trading on Friday on the UK blue chip FTSE 100 and midcap stock indexes for almost two hours in what was the longest outage at one of...

Trump touts ‘fantastic and big’ trade deal with post-Brexit Britain

 President Donald Trump on Thursday again signaled his desire for close trading ties with Britain once it leaves the European Union, saying a "fantastic" deal was in the works. "I think we'll have a fantastic...

Oil prices steady after big drop on recession concerns, inventory rise

Oil prices steadied on Thursday, following sharp overnight losses as US crude inventories unexpectedly rose, fears of recession mounted and economic data out of China and Europe disappointed. Brent crude was down 13 cents, or...

German Q2 contraction fires calls to boost public spending

Germany's economy contracted in the second quarter, figures showed Wednesday, highlighting its vulnerability to trade tensions and stoking debate on higher government spending. As the US-China trade conflict intensifies, some economists have urged Berlin to...

China further weakens yuan rate as currency row simmers

China's currency weakened further against the dollar as the central bank lowered the yuan's daily reference rate again amid a deepening currency row between Beijing and Washington. The People's Bank of China on Wednesday fixed...

HSBC boss in shock exit as bank warns of ‘challenging’ times

HSBC on Monday announced the shock exit of chief executive John Flint, but denied talk of a management split as it also axed 4,000 jobs and warned of dark clouds on the horizon. The London-headquartered...

Trump targets China with tariffs on $300bn in goods

US President Donald Trump announced Thursday he will hit China with punitive tariffs on another $300 billion in goods, prompting Beijing to warn it was the wrong way to resolve the trade war. Trump's move...

SAGIA Signs US$200 million MoU With UNIBIO and Local Partner EDHAFAT

SAGIA announced today that it has signed a memorandum of understanding with Denmark-based biotechnology firm Unibio, along with its local Saudi Arabian partner Edhafat, worth US$200 million. As part of the MoU, Unibio has committed...

Recent Posts