Gulf Times - economy
India's Jet Airways suspends all operations: statement

India's Jet Airways suspends all operations: statement

India's debt-stricken Jet Airways grounded all of its operations Wednesday after failing to secure emergency funding from lenders, the carrier said in a statement.

India's Jet extends cancellations after lenders fail to release funds

India's Jet extends cancellations after lenders fail to release funds

India's stricken Jet Airways appeared to be edging closer to collapse Monday after lenders failed to take a decision on whether to release crucial funds to keep the debt-laden carrier flying.

China's growth cools to 6.3% in the first quarter, shows poll

China's growth cools to 6.3% in the first quarter, shows poll

China's economy cooled further in the first quarter, according to an AFP survey of analysts, as Beijing resorted to tried-and-tested measures to combat tepid global demand and a bruising US trade war.

Turkmenistan starts work on nameless 'new city'

Turkmenistan starts work on nameless 'new city'

Ex-Soviet Turkmenistan's strongman leader broke ground on a new and presently nameless city close to the capital Ashgabat Wednesday.

Ezdan looking to nullify plan to delist from QSE as Qatar economy stays robust

Ezdan looking to nullify plan to delist from QSE as Qatar economy stays robust

Ezdan Holding Group is contemplating nullifying its earlier proposal to delist from the Qatar Stock Exchange (QSE) in view of the robust momentum in the domestic economy.

Paris ties Singapore, Hong Kong as world's priciest cities

Paris ties Singapore, Hong Kong as world's priciest cities

Paris has climbed to the top of the world's priciest city for expatriates, tied first with Singapore and Hong Kong according to a survey Tuesday that named the capital of strife-torn Venezuela as the cheapest.

Italy to sign New Silk Road 'memorandum' with China

Italy to sign New Silk Road 'memorandum' with China

Italy will sign a memorandum of understanding with China to officially support Beijing's massive Belt and Road Initiative (BRI), the Undersecretary of Foreign Affairs said Monday.

No relief for India bond market as RBI seen tightening money tap

No relief for India bond market as RBI seen tightening money tap

India’s central bank is seen curtailing its support for the bond market, dashing hopes of relief for investors reeling under two straight months of declines.

Japan's Honda to shut UK plant, 3,500 jobs at risk

Japan's Honda to shut UK plant, 3,500 jobs at risk

Honda announced Tuesday it would shut a major plant in Britain, putting 3,500 jobs at risk as the auto manufacturer became the latest Japanese firm to downsize operations as Brexit looms.

To fight off unemployment, Iraqi youth plant start-up seeds

To fight off unemployment, Iraqi youth plant start-up seeds

Stuck between an endless waitlist for a government job and a frail private sector, Iraqi entrepreneurs are taking on staggering unemployment by establishing their own start-ups.

IMF chief warns of high Arab public debt

IMF chief warns of high Arab public debt

Public debt has rapidly increased in many Arab countries since the 2008 global financial crisis, due to persistently high budget deficits, the International Monetary Fund has warned.

EU to veto rail merger in defiance of France, Germany

EU to veto rail merger in defiance of France, Germany

The EU's powerful anti-trust sheriff, Margrethe Vestager, is set to veto the merger of the Siemens-Alstom rail businesses on Wednesday, in defiance of France and Germany.