UK companies report weakest growth since 2013 on Brexit fears

British businesses reported their weakest growth in nearly six years during the past three months due to fears of a no-deal Brexit and rising global trade barriers, the Confederation of British Industry said on Sunday. The CBI’s index of private-sector activity over the past three months dropped to -3 in February from zero in January. […]

China’s currency becomes key issue in US trade talks

PARIS: US officials have said any trade deal with China will include a provision to prevent manipulation of the exchange rate to help exporters but Beijing’s currency regime reflects a complex reality. US President Donald Trump, who has accused the Asian giant of artificially undervaluing its currency for competitive purposes, last week said “we have […]

Saudi Arabia deposits $334m in Jordan central bank

DUBAI: Saudi Arabia has deposited $334 million (Dh1.2 billion) in Jordan’s central bank and is working with Kuwait and the UAE for more financial support, finance minister Mohammed Al Jadaan was quoted by broadcaster Al Arabiya as saying. Saudi Arabia alongside Kuwait and the UAE put together a $2.5 billion package in June to help […]