UK supermarket giant Tesco is planning to slash roughly 9,000 jobs to cut costs as part of a simplification plan, with company shares falling 2.58 percent following the news.
Myanmar leader Aung San Suu Kyi is hosting the first official forum for international investors in her country and is touting its commitment to reforms and national unity, as well as lucrative business opportunities in the growing domestic market.
China's industrial earnings continue to moderate amid weak international demand, slower factory activity, and disruptions in international trade.
LONDON (Sputnik) - The London Metal Exchange (LME) lifted restrictions on warranting Rusal-branded metal after the United States removed sanctions on the Russian aluminium giant, the LME said in a statement Monday.
On Saturday, Bloomberg reported that the Bank of England refused to withdraw Venezuela's gold reserves, worth $1.2 billion, following President Nicolas Maduro's request.
The pledge comes after Maja Kocijancic, a spokeswoman for EU foreign policy chief Federica Mogherini said late last week that Brussels is finalising efforts to set up an alternative money payment channel to facilitate business transactions with Tehran amid the US's anti-Iranian sanctions.
BEIJING (Sputnik) -The shares of Russian aluminum giant Rusal went up by 7.7 percent at the opening of the Hong Kong Stock Exchange, the stock market data showed on Monday in the wake of the removal of Washington's sanctions against the company.
As Venezuelan opposition leader Juan Guaidó welcomed support from the US and Israel after calling for new presidential elections in the distressed nation, a high-ranking Caracas military envoy to the US announced his defection.
US Treasury Department announced in a press release that it lifts sanctions on Russian firms Rusal, En+ and Eurosibenergo.
The political cost to the Republican Party and US President Donald Trump following the reopening of the US government after it’s unprecedented 35-day shutdown has become painfully clear, according to reports.
Several major British companies might avoid paying more than $1.5 bln in EU tax payments in the event of a 'hard Brexit', as tax decisions made by European courts would be void on British soil after Albion exits the bloc in March.
Saudi officials have announced an ambitious investment programme aimed at modernisation and the diversification of the kingdom's economy, as well as boosting the role of private-sector enterprises and industrial production in its GDP.
New evidence has led researchers to detail that the Arctic is experiencing its hottest temperatures in 115,000 years, according to a new report.
The economy of the United States lost a minimum of $6 billion during the 35-day partial shutdown of the federal government, according to a Friday statement from Wall Street’s S&P.
Li Keqiang, mainland China's premier, expressed confidence in the nation's economy, saying it remains solid despite mounting structural challenges and international headwinds.
Warsaw has been one of the most vocal critics of the Nord Stream 2 gas pipeline, with Poland's president recently calling it "an energy threat" and urging Berlin to pull out of the project.
Top South African officials delivered a message of confidence to the World Economic Forum in Davos, dismissing investors' concerns of the sustainability and efficiency of the Rainbow Nation's economy amid President Cyril Ramaphosa's promised constitutional amendment which would greenlight racially-biased agricultural land expropriation.
The UK's Chancellor of the Exchequer Philip Hammond is urging his colleagues on Downing Street to avoid a 'hard Brexit' and seek compromise with the EU, which could – according to Hammond – soften its stance on several key elements of the Brexit deal.
BEIJING (Sputnik) - All countries should counteract politically motivated and unfair pressure on business, Chinese Foreign Minister Wang Yi said on Saturday in light of some countries alleging that China’s Huawei tech giant has been involved in espionage.
Small businesses and corporate giants, equally frustrated by the Brexit uncertainty, take various measures to prepare for a different set of events following 29 March 2019.