The timing of Moscow’s announcement over the weekend that President Vladimir Putin has accepted an invitation to visit Manila has raised eyebrows, as it comes on the eve of crucial bilateral talks between the Philippines and China on joint oil exploration in the South China Sea. In a statement immediately welcomed by the Philippine presidential […] Read more
Carlos Ghosn’s lawyers have asked the Tokyo District Court to dismiss all charges against the former Nissan Motor Co Ltd chairman, saying prosecutors colluded with government officials and Nissan executives to oust him from his post. Ghosn’s legal team in a press release on Thursday said they had submitted two court filings ahead of a […] Read more
President Michel Aoun headed a meeting of the Lebanese cabinet on Monday at the Baabda palace, his office said, as protests calling to oust the country’s ruling elite gripped the country. The government is expected to approve reforms including halving ministers’ wages in a bid to ease the economic crisis and defuse the protests that […] Read more
Negotiators from the U.K. and EU reached a draft Brexit deal in 11th-hour talks Thursday, although there are serious doubts that the agreement will be approved by U.K. lawmakers back in Westminster. Sterling rose on news after the U.K. made concessions over the Irish border, an issue that had proven to be the biggest obstacle […] Read more
The co-creator of Facebook-backed libra defended the cryptocurrency on Wednesday after a number of recent high-profile companies abandoned the effort. Libra ran into issues Friday after Visa, Mastercard, Stripe, eBay and Mercado Pago bolted. Booking Holdings, formerly Priceline, left Monday. Each of the companies would have potentially invested $10 million each into the project. The […] Read more
Sterling rose sharply against the dollar Tuesday after optimistic comments on Brexit from European negotiator Michel Barnier were backed up by reports that a draft legal text over the divorce was being drawn up. “Our team(s) are working hard, and work has just started now today, this work has been intense over the weekend and […] Read more
The United Kingdom’s sluggish economy looks to have dodged recession in the run-up to its deadline for leaving the European Union this month, official data showed on Thursday. Gross domestic product in the three months to August was 0.3 percent higher than in the previous three months, beating all forecasts in a poll of economists […] Read more
The U.S. economy is actually looking “quite robust” thanks to a healthy labor market and higher consumer spending, Steve Schwarzman, the co-founder, chairman and CEO of Blackstone Group, told CNBC Monday. A slew of disappointing economic data last week suggested the ongoing U.S.-China trade war was starting to take its toll, fueling concerns of a […] Read more
India’s central bank on Friday cut its benchmark repurchase rate for the fifth consecutive time this year as it continues a concerted push to reinvigorate a stuttering economy. The Reserve Bank of India (RBI) lowered the repo rate by 25 basis points to 5.15% with five members of its Monetary Policy Committee voting in favor, […] Read more
Trade tariffs between the U.S. and Europe would precipitate a “snowball effect” and the world may soon enter “very precarious waters” if we don’t acknowledge the benefits that stem from international cooperation, the head of the UN agency for workers and employers told CNBC. Guy Ryder, director general of the International Labour Organization (ILO), said […] Read more
