Business

The World Trade Organisation on Tuesday largely faulted South Korea in a final ruling over anti-dumping duties slapped on imports of industrial pneumatic valves imported from Japan. The WTO’s Appellate Body mostly upheld a previous ruling finding that Seoul’s anti-dumping duties on Japanese pneumatic valves violated some international trade rules. It requested that South Korea “bring its measures found … ...

Photo: In this May 15, 2019, file photo, founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris. Beijing, Sep 10 : Alibaba Group founder Jack Ma, who helped launch China’s online retailing boom, stepped down as chairman of the world’s biggest e-commerce company Tuesday at a time when its fast-changing industry faces uncertainty amid ...

British Airways pilots have begun a two-day strike in an ongoing dispute over pay and conditions. Tens of thousands of passengers have been told not to go to airports, with the airline cancelling some 1,700 flights due to the disruption. The pilots’ union Balpa said BA management’s cost-cuts and “dumbing down” of the brand had eroded confidence in the airline. ...

A group of Chinese companies on Tuesday showed interest in investing in different sectors in Bangladesh. They expressed the interest at a seminar on China-Bangladesh Investment Facilities organised by multinational professional services network, PricewaterhouseCoopers (PwC) at a hotel in the capital. William Yuan, Partner of Global China Business Network, said they are looking for investment opportunities in Bangladesh.“There’re a lot ...

The UK will sign a “continuity” trade agreement with South Korea on Thursday, allowing businesses to keep trading freely after Brexit. International Trade Secretary Liz Truss will sign the deal with her South Korean counterpart Yoo Myung-hee in London. The agreement is roughly in line with the terms of the existing Korea-EU free trade deal. Trade between the UK and ...

President Donald Trump speaks with reporters before boarding Air Force One at Morristown Municipal Airport in Morristown, N.J., Sunday, Aug. 18, 2019. Washington , Aug 19 : A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021. ...

The Trump administration has informed Congress it plans to sell F-16 fighters worth $8 billion to Taiwan in a move that will inflame already high tensions with China. Two US officials and a congressional aide say the administration informally notified lawmakers of the proposed sale late on Thursday. They were not authorized to discuss the matter publicly and spoke on ...

Hong Kong, Aug 16 : Hong Kong’s government announced tax cuts and higher social spending Thursday to reverse a deepening economic slump aggravated by anti-government protests and the U.S.-Chinese tariff war. The territory’s financial secretary, Paul Chan, cut this year’s official growth forecast to 0 to 1%, which could be the worst performance since 2009 during the global financial crisis. ...

For the Islamic festival of Eid Al-Adha*, leading international relief charity Islamic Relief partnered with the East London Mosque & London Muslim Centre to distribute 100 bags of Qurbani** meat in the local community. Many recipients of the meat are from less fortunate backgrounds, including struggling families, single parents, as well as Kashmiri residents who are unable to return home ...

Photo: Indian Prime Minister Narendra Modi, left, gestures as he receives Abu Dhabi’s Crown Prince, Sheikh Mohammed bin Zayed Al Nahyan at the airport in New Delhi, India. Dubai, Aug 15 : Gulf Arab countries have remained mostly silent as India’s government moved to strip the Indian-administered sector of Kashmir of its limited autonomy, imposing a sweeping military curfew in ...