Business & Economy News

The ruling Liberal Democratic Party (LDP) in Japan is facing one of its biggest challenges in decades. There are allegations that some LDP lawmakers received thousands of dollars in unreported funds. According to a report by the news agency…

More and more data points to the fact that tight lending and monetary policy have peaked and are now effectively bringing down inflation.But as major central banks prepare to announce decisions next week, the Federal Reserve and Bank of…

Walmart is gradually preferring to import more goods from India to the US than from China, said Reuters citing data from Import Yeti. The move by the world's largest retailer appears to be aimed at cutting costs and diversifying supply…

Parul Goel, the Territory Head of ZEE Europe, has been awarded the Media Personality of the Year at the Asian Business Awards 2023. Goel, who has been instrumental in expanding ZEE Entertainment's presence across the United Kingdom,…

The Dubai Airshow on Monday is poised for a spectacular start as Emirates, the world's largest user of wide-body jets, prepares to make a significant order, boosting confidence in the delayed Boeing 777X.According to industry sources in…

Chinese authorities have directed Ping An Insurance Group to consider taking a controlling stake in Country Garden, the nation's largest private property developer, a Reuters report said on Thursday. The State Council, under Premier Li…

Zhang Hongli, the former vice president of the Industrial and Commercial Bank of China (ICBC), is under investigation for suspected corruption, China's Central Commission for Discipline Inspection said on Saturday (Nov 4). According to the…

Indian Prime Minister Narendra Modi's expansive geopolitical and geo-economic outreach appears to be yielding the benefits for the world's fifth biggest economy. The United Arab Emirates (UAE) is reportedly considering investing as much as…

In the midst of the growing conflict between Israel and the Palestinian militant group Hamas, global financial markets are challenged with uncertainty fuelled with concerns regarding inflation and geopolitical risks.  Recent reports…

Morgan Stanley has faced a setback in its third-quarter profits, primarily due to sluggish dealmaking and a discouraging performance in investment banking. The results sent the bank's shares plummeting by 6.5 per cent, further exacerbated…