Steel factory of Thyssenkrupp in Duisburg, Germany. File/Reuters
Factory activity in China shrank in August for the fourth month in a row as the United States ramped up trade pressure and domestic demand remained sluggish, pointing to a further slowdown in the world›s second-largest economy.
Alibaba, China’s biggest e-commerce company, has agreed to buy Kaola e-commerce unit from Chinese company NetEase for $2 billion, adding a platform that specialises in supplying curated luxury goods from abroad to domestic consumers.
The Islamabad Chamber of Commerce & Industry (ICCI) has welcomed the announcement of Prime Minister of Pakistan to establish CPEC Authority for timely completion of CPEC projects and termed it a positive development
Aircraft manufacturers are hit by the devastating impact of the coronavirus pandemic on the aviation industry. The number of global commercial aircraft orders was zero during the month of September.
Peugeot manufacturer PSA Group returned to revenue growth in its core autos division in the third quarter, recovering from a slump during coronavirus lockdowns, though the prospect of new restrictions hit French shares.
The Bank of Japan (BOJ) trimmed its economic growth and inflation forecasts for the current fiscal year (2020-21) on Thursday but offered a more upbeat view on the recovery outlook, signalling that it has delivered enough stimulus for the time being.
London’s Heathrow is no longer Europe’s busiest airport, ceding its long-held crown to Paris during the pandemic and blaming government inaction for its passenger numbers plunging even more than rivals. The COVID-19 continues to crush demand for flying and Heathrow