The world gathers at Davos

Zurich: An array of crises will keep several world leaders away from the annual World Economic Forum in Davos this week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. Anxieties over trade disputes, fractious international relations, Brexit and a growth slowdown that some fear could tip the […]

Goldman says pound will rise against all G-10 peers this year

(Bloomberg) — The pound may advance against all its Group-of-10 peers this year as the risk of a no-deal Brexit has been declining, according to Goldman Sachs Group Inc. Sterling has strengthened for five straight weeks as the defeat of Prime Minister Theresa May’s Brexit plan last Tuesday was seen boosting the prospects of a […]

Ghosn awaits fate after vowing to stay in Japan if bailed

TOKYO: Carlos Ghosn will learn his fate on Monday as a Tokyo court rules on his bail request after he vowed to remain in Japan if released and offered to provide more collateral. The ousted Nissan boss has pleaded for bail after languishing in custody for 64 days as he fights charges of financial misconduct […]

India considering paying farmers cash instead of subsidies

New Delhi: India is considering a plan to transfer cash to farmers to ease their financial burden instead of offering subsidies, people with knowledge of the matter said. Prime Minister Narendra Modi’s government is planning to combine all farm subsidies, including fertiliser costs, and instead pay farmers cash, the people said, asking not to be […]