Nearly half WTO members agree to talks on new e-commerce rules

DAVOS Impatient with a lack of World Trade Organisation rules to cover the explosive growth of e-commerce, 76 countries and regions including the United States, the EU and Japan agreed on Friday to start negotiating a set of open and predictable regulations. China, which is locked in a trade war with the United States, signalled […]

Indonesia stands to gain from US-China trade war, Lembong says

Jakarta. Indonesia is among countries set to benefit from companies relocating factories from China because of its trade war with the US, according to Tom Lembong, chairman of the country’s Investment Coordinating Board. While countries like Indonesia, Vietnam, Bangladesh and Cambodia are seeing relocation of factories from China, the trade tension will cause downturns in […]

Saudi, UAE loans to help Pakistan avert financial crisis

Islamabad: Pakistan received $1 billion (Dh3.67 billion) from Saudi Arabia on Friday, a day after the United Arab Emirates deposited the first instalment of a $3 billion financial support package aimed at helping the South Asian nation tide over a balance-of-payment crisis. The UAE transferred $1 billion as part of an agreement between Pakistan and […]

Stuck in a trade war, tech pitches Davos on innovation

San Francisco Tech companies are back pitching the promise of innovation, but this time, stuck in the middle of a trade war, they’re welcoming government oversight. This was the broad consensus at the World Economic Forum in Davos, Switzerland, which was devoted this year to the theme of Globalisation 4.0, an emerging world economy that’s […]

UK’s growth chances no better even with delayed Brexit

London The prospect of a delayed Brexit may be pushing up the pound, but it’s not the best news for the UK economy. Sterling has rallied above $1.30 this week amid increasing signs of support from lawmakers across Parliament for extending the negotiating period set to expire on March 29. While that would remove the […]