Economy

Capita shares have plunged over 40% after the outsourcing firm warned on profits and announced a major shake-up. New chief executive Jonathan Lewis said the company had become “too complex” and “driven by a short-term focus”...

U.S. West Texas Intermediate (WTI) crude futures CLc1 were unchanged at $64.30 a barrel. Trading was relatively slow due to a national holiday in the United States. Oil hovered below a three-year high near $70 a...

Civil service salaries in Chad, 2017 totaled 376 billion CFA francs (about 600 million euros/$720 million), roughly the equivalent of the combined revenue from income tax and customs duties. The cash-strapped central African nation of Chad...

The stated grants include payment of a monthly living allowance of 267 U.S. dollars for civil and military employees for one year and a reward of 1,333 U.S. dollars for military personnel participating in the front...

According to the Bangladesh Bank (BB) data, expatriate Bangladeshis have sent around US$9,700 billion from 2008 to 2017 which was around $7,700 billion higher than the amount sent in previous 10 years. Non-Resident Bangladeshis (NRBs) have...

Singapore’s trade-reliant economy has enjoyed a boost this year from an improvement in global demand, particularly for electronics products and components such as semiconductors. Singapore’s economy grew 3.5 percent in 2017 on the back of improved...

Japan’s trade surplus fell sharply in November, the government said Monday, as the rising cost of oil and smartphone imports outweighed strong exports of cars and steel. The world’s third-largest economy logged a surplus of 113.4...

The NRB Commercial Bank has fired Farasath Ali as its chairman in a major shake-up of the board of directors after Bangladesh Bank flagged it for gross irregularities in releasing loans. Tamal SM Parvez, the new...

The gains were driven by rising exports from robust global demand and increased spending by Japanese firms on equipment and facilities, the data showed. Japan is growing twice as fast as previously estimated, official data showed...

According to the latest reports “Bitcoin extended its eye-popping rally on Wednesday, breaking above $12,000 to a record high despite questions about the cryptocurrency’s real value and worries about a dangerous bubble”. Bitcoin received a boost...