World - Global Business & Economy

Thousands protest mass Renault job cuts

Thousands protest mass Renault job cuts

Thousands of workers rallied Saturday outside the Renault factory in northern France to protest the automaker's decision to cut 15,000 jobs worldwide, including 4,600 in...

Canada’s economy shrank 8.2pc in Q1

Canada’s economy shrank 8.2pc in Q1

Compared to the final quarter of 2019, the decline was 2.1 percent, Statistics Canada said, adding that the drop in GDP was the sharpest...

Chile jobless rate hits 9pc during pandemic, highest in decade

Chile jobless rate hits 9pc during pandemic, highest in decade

The trade, fishing and manufacturing industries saw the sharpest drops in employment, the national statistics institute INE said. Increasingly strict lockdown measures through May...

Japan’s factory, retail sectors slump

Japan’s factory, retail sectors slump

Japan's factory output slid faster-than-expected and retail sales tumbled the most in more than two decades in April, as the coronavirus pandemic wrecked both foreign...

Volkswagen invests 2 billion euros in Chinese electric vehicle sector

Volkswagen invests 2 billion euros in Chinese electric vehicle sector

Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the...

Renault to cut 15,000 jobs in ‘vital’ cost-cutting plan

Renault to cut 15,000 jobs in ‘vital’ cost-cutting plan

Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of...

Coronavirus sinks US consumer spending; savings hit record high

Coronavirus sinks US consumer spending; savings hit record high

Consumer spending drops 13.6% in April, Personal income jumps 10.5%; saving rate hits 33% Goods trade deficit rises 7.2% in April, Goods exports plunge 25.2%; imports...

Slovenia Q1 GDP down 4.5pc q/q, full virus impact yet to emerge

Slovenia Q1 GDP down 4.5pc q/q, full virus impact yet to emerge

Slovenia's economy expanded by 2.4% in 2019. Household spending fell by 6.4% year-on-year while gross investments were down by 3.3%. LJUBLJANA: Slovenia's economy shrank by...

Turkey’s economy grew 4.5pc in first quarter, before pandemic hit

Turkey’s economy grew 4.5pc in first quarter, before pandemic hit

Construction, which drove growth in recent years, contracted 1.5% year-on-year in the January-March period, the data showed. Reflecting the downturn, Turkey's April trade deficit...

Japan should map out way to contain coronavirus, revive economic activity

Japan should map out way to contain coronavirus, revive economic activity

The government usually approves the guidelines in June but the process has been delayed this year due to the pandemic. TOKYO: Japanese government advisers proposed...

Close
Close