WeWork cuts about 300 employees, ahead of a hiring binge

New York: Co-working giant WeWork Cos. cut about 300 employees this week, or roughly 3 per cent of its workforce, in what it described as performance-related dismissals. WeWork, which operates shared office spaces around the world, suggested the staff reductions were a small culling ahead of a hiring spree. A spokesman said the company has […]

Trump asks China to lift tariffs on US farm products

Washington, D.C.: US President Donald Trump said he had asked China to immediately remove all tariffs on US agricultural products because trade talks were progressing well. He also delayed plans to impose 25 per cent tariffs on Chinese goods on Friday, as previously scheduled. “I have asked China to immediately remove all Tariffs on our […]

Jaguar’s Indian revival hits diesel, China slump hurdles

New York: The purchase of the storied Jaguar and Land Rover auto brands in 2008 handed India’s Tata Group a challenge that had long frustrated Ford Motor Co., the British marques’ previous owner: How to eke out a profit. For a while, Tata seemed to have found the answer. Within a couple of years of […]

US decries WTO ‘straitjacket’ of trade obligations

New York: The Trump administration filed another salvo at the World Trade Organisation on Friday, saying US trade policy was not going to be dictated by the international body and defending its use of tariffs to pressure China and other trade partners. A report drawn up by the US Trade Representative outlining the White House’s […]

Shaikh Hamdan Bin Mohammad approves Dubai Silk Road strategy

Dubai: Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai, approved the Dubai Silk Road strategy, which aims to build on the success Dubai has accomplished globally as a strategic trade link, according to a statement from his office on Saturday The Dubai Silk Road strategy comprises nine initiatives and 33 projects […]