Business

Toyota, the world’s leading automaker, announced Tuesday its decision to privatize its auto parts manufacturing subsidiary, Toyota Industries. The deal reportedly values the unit at over $40 billion. Toyota Industries, which also produces forklifts and other...

In a significant escalation of his trade policies, US President Donald Trump announced today that he will double import tariffs on steel and aluminum to 50 percent, effective next week. This move, delivered during a speech...

The selection of the next leader for the African Development Bank (AfDB) concludes on Thursday, with five candidates, including one woman, competing to succeed Nigeria’s Akinwumi Adesina. The race appears to be highly competitive. In 2015,...

Bangladesh and China today cemented their commitment to bolstering bilateral trade, commerce, and investment with the signing of two Memorandums of Understanding (MoUs). These agreements facilitate the formation of a Joint Working Group and cooperation on...

Japan’s core inflation rate accelerated in April to 3.5 percent as rice prices almost doubled year-on-year, official data showed on Friday. The consumer price reading excluding fresh food, up from 3.2 percent the previous month, was...

Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit....

British clothes-to-food retailer Marks and Spencer on Wednesday said a cyberattack affecting its online service is set to last through to July and cost the group œ300 million ($404 million). Marks last week revealed that some...

Volkswagen is considering a plan to divest from its design and engineering unit Italdesign, union representatives told Reuters on Monday, as part of the German automaker’s efforts to overhaul its European operations. The group is assessing...

General Motors informed employees and dealers for its China export business on Thursday in China that it would stop shipping vehicles to China from the United States, the company said. The move comes as the United...

Swedish fintech Klarna, which last month paused plans for an initial public offering, reported first-quarter revenue growth of 15% from a year ago on Monday while adjusted earnings swung to a small profit, boosted by growth...