Gulf Times - 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.

Police bust Australia-China baby formula crime ring

Police bust Australia-China baby formula crime ring

Six people have been charged after Australian authorities uncovered a multi-million-dollar crime syndicate stealing baby formula and vitamins from major retailers across Sydney for shipment to China ...

China's economy grew at slowest pace in 28 years in 2018

China's economy grew at slowest pace in 28 years in 2018

China's economy grew at its slowest pace in almost three decades in 2018, losing more steam in the last quarter as it battles a massive debt pile and a US trade war, official data showed Monday.

Amir, Pompeo review strategic ties, discuss efforts to fight terror

Amir, Pompeo review strategic ties, discuss efforts to fight terror

His Highness the Amir Sheikh Tamim bin Hamad al-Thani on Sunday met with US Secretary of State Mike Pompeo and his accompanying delegation at Al-Bahr Palace.

Cambodia PM says EU holding country 'hostage' with tariff threats

Cambodia PM says EU holding country 'hostage' with tariff threats

Cambodian Prime Minister Hun Sen blasted the European Union on Saturday for holding the country ‘hostage’ with threats to axe trade preferences after it held elections with no credible opposition.

Brexit uncertainty leaves UK economy on a knife-edge

Brexit uncertainty leaves UK economy on a knife-edge

Growing Brexit uncertainty as the clock runs down towards a potential no-deal scenario has left Britain’s economy on a knife-edge at the turn of the year ...