Author: Mansour

Chinese ride-hailing giant Didi to lay off 15% of its workforce 0

Chinese ride-hailing giant Didi to lay off 15% of its workforce

Chinese ride-hailing giant Didi Chuxing is planning to lay off about 2,000 people, or 15 percent of its workforce, this year, a source familiar with the situation said Friday. That confirmed earlier Chinese media...

Singapore’s government will likely spend big ahead of an upcoming election 0

Singapore’s government will likely spend big ahead of an upcoming election

Given the greater spending needs ahead, Singapore’s government could outline additional ways to grow revenue in the coming budget speech, economists said. The government has floated the idea of a “sugar tax” on manufacturers...

Fears abound that another India-Pakistan crisis could erupt after Kashmir attack 0

Fears abound that another India-Pakistan crisis could erupt after Kashmir attack

Beijing is one of Islamabad’s closest allies and a major investor. The Asian giant recently agreed to provide Islamabad $2.5 billion in loans recently, a number that reportedly fell short of Islamabad’s expectations. “It...

Goldman Sachs expects Brexit talks to go right down to the wire 0

Goldman Sachs expects Brexit talks to go right down to the wire

Britain’s embattled Prime Minister Theresa May is running down the clock with Brexit talks, Goldman Sachs said on Friday. With six weeks to go before the U.K. is scheduled to leave the EU, the...

Trump’s message is having an impact on NATO, secretary general says 0

Trump’s message is having an impact on NATO, secretary general says

NATO Secretary General Jens Stoltenberg told CNBC that President Donald Trump‘s rhetoric on defense spending is having an “important” impact on the military alliance. “I’m saying that his message has been very clear and...

European markets edge higher on US-China trade deal hopes; Wirecard shares jump 14% 0

European markets edge higher on US-China trade deal hopes; Wirecard shares jump 14%

Market focus is largely attuned to global trade developments, with officials from the U.S. and China set to resume negotiations this week. Both sides reported progress in five days of talks last week, with...

Asia has ‘mitigating factors’ to counter a global growth slowdown, says bank CEO 0

Asia has ‘mitigating factors’ to counter a global growth slowdown, says bank CEO

Global growth is expected to slow in the coming months, but Asian economies could hold up reasonably well, thanks to several “mitigating factors,” according to the chief executive of Southeast Asia’s largest bank. “The...

It’s looking like a US-China trade deal is near — and Beijing will get everything it wanted 0

It’s looking like a US-China trade deal is near — and Beijing will get everything it wanted

At any rate, I thought Trump had a good shot because the Chinese had found themselves cornered with excessive American trade surpluses, bound up with allegedly massive trade and industrial violations. Trump just had...

No recession but global growth will slow to a crawl this year, Janus Henderson says 0

No recession but global growth will slow to a crawl this year, Janus Henderson says

The world economy is headed for a period of “dull, low” growth, according to fund manager Janus Henderson, but the risk of an outright recession remains small. Market participants are increasingly worried about the...

EU says it will react swiftly if Trump hits it with car tariffs 0

EU says it will react swiftly if Trump hits it with car tariffs

U.S. President Donald Trump has promised European Commission President Jean-Claude Juncker that he will not impose additional import tariffs on European cars for the time being, Juncker was quoted in a published interview as...