American companies in China mull relocation or investment cuts

New York About a fifth of US companies in China are considering moving some or all of their production out of the country to deal with the trade tensions, and a third are delaying or cancelling investment decisions, according to a survey of 239 American firms in the market. Almost 40 per cent of companies […]

British Steel collapses, threatening thousands of jobs

London: British Steel Ltd has been ordered into liquidation as it struggles with industry-wide troubles and Brexit, threatening 5,000 workers and another 20,000 jobs in the supply chain. The company had asked for a package of support to tackle issues related to Britain’s pending departure from the European Union. Talks with the government failed to […]

China’s Xi calls for ‘New Long March’ as US tensions worsen

Beijing Beijing: China’s President Xi Jinping called on citizens to join a ‘new Long March,’ a phrase he’s used before to characterise achieving progress despite hardship, as the US weighs stronger restrictions on Chinese technology companies amid a deepening trade war. Xi made the remarks on Monday while leaving the Long March memorial garden in […]

Watch Dubai Expo 2020 site: Thematic districts and other wonders in the making

Dubai: Construction of the Expo 2020 site is on track and all the buildings will be completed by the end of 2019, said the Expo officials. An exclusive media tour to the under-construction Expo 2020 site on Wednesday was an eye-opener of the massive amount of work being undertaken to complete the mega project. Construction work […]

Irish unemployment rate revised to 4.6%, lowest since 2006

Dublin: Ireland’s unemployment rate was revised down sharply on Tuesday, the statistics agency said, taking the level below 5 per cent for the first time in over a decade as jobs were added at the fastest pace since the recovery began. Monthly unemployment rates have been subject to sharp revisions in recent quarters and in […]