Asia

President Donald Trump signs executive order withdrawing US from TPP trade deal

Trade war could hurt these economies far more than US, China

While the trade war with China is a worrisome move for investors globally, Trump's tariffs on goods from the European Union, India, Canada and Mexico are also likely to severely affect global trade.

Jul 5, 2018

Walmart withdraws 'Impeach 45' apparel; Trump supporters upset

Walmart is facing the ire of conservatives and Trump supporters for selling "Impeach 45" apparel on its website. The retailer has taken back the collection after the #BoycottWalmart campaign run online.

Jul 4, 2018

EU in agreement with Amazon, eBay to tackle dangerous product listings

The European Commission has signed an agreement with four major online retailers to combat the listing of dangerous products on Europe's online shopping sites.

Jun 26, 2018

Jewellery shop robbery in Borivli, Mumbai

Weaker global gold prices lure buyers in most Asian hubs

Spot gold touched its lowest since December 19 at $1,260.84 an ounce on Thursday, weighed down by outlook for higher interest rates in the United States and as the dollar climbed to an 11-month peak.

Jun 24, 2018

3 reasons why blockchain is the future of supply chain and manufacturing

"It's not the organisations that are competing. It's the supply chains that are competing," says Wael Safwat of Supply Chain Management Association (SCMAO).

Jun 22, 2018

As countermeasure, India hikes import duty on 29 US products

A Finance Ministry notification said the duty hike would come into effect immediately for 28 products, while for the marine product artemia the increased duty would be effective from August 4.

Jun 21, 2018

China vows to hit back as Trump plans $200 billion additional tariffs on Chinese imports

The developments suggest an intensifying trade dispute that the International Monetary Fund fears would be one of the biggest risks to global growth.

Jun 19, 2018

Offline smartphones sales plummet in India; Mi.com grows faster than Amazon and Flipkart

Xiaomi, which has disrupted the Indian smartphone market in the mid-segment, continues to grow and consolidate its position. Strikingly, Mi.com has grown faster than big rivals Amazon and Flipkart.

Jun 16, 2018

Slowing gasoline price rises keep US inflation in check

US consumer prices rose marginally in May amid a slowdown in increases in the cost of gasoline and the underlying trend continued to suggest moderate inflation in the economy.

Jun 13, 2018

ICICI Bank CEO Chanda Kochhar's latest troubles – Investigation by SEC and possible punishment

With the Union Corporate Affairs Ministry also launching a probe with the help from Mauritius, it may nudge the ICCI Bank board to take action and take a dim view of Chanda Kochhar's continuance in the present role.

Jun 11, 2018

Guatemala volcano: At least 65 killed, toll likely to rise as new explosion rocks Fuego [Photos]

Scores of bodies were pulled out from the debris around the village of El Rodeo in Guatemala, but very few of them have been identified. El Rodeo, which is close to the Fuego volcano, was hit the hardest and trees, structures and roads sported layers of smoke and ash.

Jun 5, 2018