Istanbul: The man in the cockpit of the Turkish economy is preparing it for a “soft landing” after bouts of severe currency turbulence. While Turkey is increasingly at risk of its first recession in a decade, Treasury and Finance Minister Berat Albayrak said the economy is actually showing signs of a slowdown in line with […]

President Donald Trump is expected to sign the bill later.

Mumbai: It was billed as the world’s cheapest car and shaped like a jelly bean — but after a bumpy 10-year ride India’s Tata Nano is nearing the end of the road. Tata Motors, India’s top automaker, said on Thursday that it could stop manufacturing and selling the vehicle from April next year due to […]

Davos. China is expected to join nearly 70 other countries in negotiating new rules to cover the $25 trillion e-commerce market, according to four people familiar with the discussions. The signatories — including the US, Japan and the European Union — are due to announce the agreement on Friday on the sidelines of the World […]

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 […]

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 […]

However, Trump made no firm announcement regarding his demand for $5.7 billion to fund the border wall.

Asian Cup hosts UAE pull off a titanic upset as they send defending champions Australia out of Asian Cup

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 […]

“I recall that one day at noon, I was sitting on the sandy ground in the room, proudly looking at my new heaven.”