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Half of world economy dependent on nature: WEF study

Releasing the Nature Risk Rising Report ahead of its 50th Annual Meeting, the World Economic Forum said about 25 per cent of our assessed plant and animal species are threatened by human actions, with a million species facing extinction, many within decades.

UK plans Brexit celebrations but warns businesses may suffer

“There will not be alignment, we will not be a rule-taker, we will not be in the single market and we will not be in the customs union — and we will do this by the end of the year," Sajid Javid said, referring to a deadline at the end of 2020 for conclusion of what are expected to be contentious trade talks with the then-27 member EU.

China and Myanmar 'stand together' despite Rohingya backlash

A 2017 military crackdown on the Muslim minority, which UN investigators have called genocide, forced some 740,000 people over the border into Bangladesh. Beijing has stood strongly beside Myanmar and the Asian giant is now the country's largest investor even as distrust of its ambitions lingers among the public.

China posts weakest growth in 29 years as trade war bites

China's economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the US, and more stimulus is expected this year as Beijing tries to boost sluggish investment and demand.

China's per capita GDP crosses USD 10,000-mark for the first time

The per capita Gross Domestic Product in 2019 reached 10,276 US dollars at the average exchange rate, exceeding the 10,000-dollar mark, Director of the National Bureau of Statistics, Ning Jizhe said. "It showed that the quality of China's economic development is improving," he said.

Fiat Chrysler and Foxconn plan Chinese electric vehicle joint venture

Italian-American automaker Fiat Chrysler and the parent of iPhone assembler Foxconn are planning to set up a joint venture to build electric cars and develop internet-connected vehicles. Fiat Chrysler is looking to make up ground in the battery-powered vehicle space and is set to launch its first full-electric model - the 500 small car - this year.

Facebook misleading people, its behaviour shameful: Nancy Pelosi

Pelosi, during her weekly press briefing, said that Facebook has been very abusive of the great opportunity that technology has given them. According to Pelosi, Facebook intends to be accomplices for misleading the American people "with money from God knows where".

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note

China's economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown.

US Senate passes new North America trade deal to replace NAFTA

The Senate overwhelmingly approved a new North American trade agreement Thursday that rewrites the rules of trade with Canada and Mexico and gives President Donald Trump a major policy win before senators turn their full attention to his impeachment trial. It would replace the 25-year-old North American Free Trade Agreement, known as NAFTA, which tore down most trade barriers and triggered a surge in trade. Passage of the trade bill came one day after Trump signed a new trade agreement with China, easing trade tensions between the economic powers.

Nestle to invest billions to boost use of recycled plastics

Regularly cited by environmentalists as one of the top plastic polluters, Nestle is under pressure to show it is serious about addressing the waste reduction problem. It has vowed to make 100% of its packaging recyclable or reusable by 2025.

China renews its Belt and Road push for global sway

China renews its Belt and Road push for global sway

The latest contracts include a subway system for Serbia; an elevated rail line in Colombia among others.

Renault chairman says 'real desire' to make Nissan alliance work

Renault chairman says 'real desire' to make Nissan alliance work

Attempts to restore calm have recently been thwarted by Ghosn's dramatic flight from Japanese justice and a series of no-holds-barred allegations he has made from his refuge in Lebanon, including that he was the victim of a plot to oust him and that the alliance is now a "masquerade".

Phase-1 trade deal with US 'addressed' mutual concerns, 'good' for both sides: China

Phase-1 trade deal with US 'addressed' mutual concerns, 'good' for both sides: China

On Wednesday, China and the US signed the deal in Washington, raising hopes of improvement of trade ties between the two countries hit by the tit-for-tat tariff hikes of nearly half-a-trillion dollars worth of products. The deal was signed by Trump and Chinese Vice Premier and top trade negotiator Liu He at a special ceremony at the White House.

Goldman Sachs says it sold out of Uber stake after IPO lockup expired

Goldman Sachs says it sold out of Uber stake after IPO lockup expired

Chief Financial Officer Stephen Scherr said on the bank’s earnings call Wednesday that it closed its position in Uber in the fourth quarter last year. Goldman owned about 10 million shares of Uber at the time of the IPO, turning a $5 million wager using the firm’s own money back in 2011 into a major windfall.

U.S. & China tiptoe around holes in new trade agreement

U.S. & China tiptoe around holes in new trade agreement

US and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world's two largest economies but leaving a number of sore spots unresolved.

Volkswagen hit with big Polish fine over Dieselgate

Volkswagen hit with big Polish fine over Dieselgate

"The fine for Volkswagen Group Polska is more than 120 million zlotys... the largest fine ever handed out by UOKiK for a consumer rights violation," the watchdog stated.

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