World Trade Organization chief Roberto Azevedo extended an olive branch to Washington on Thursday after President Donald Trump's administration announced the U.S. was not bound by WTO rulings.
The U.S. decision marks a clear break from past and could threaten the viability of the WTO's Dispute Settlement Body (DSB), where major trade conflicts are often adjudicated.Full Story
Cyprus saw its best ever receipts from tourism in 2016, data showed Wednesday, in a record year for the Mediterranean holiday island considered a regional safe haven.
Tourism income last year reached 2.36 billion euros compared to 2.11 billion in 2015, an 11.9 percent increase, according to official data.Full Story
Unemployment in Germany hung on at an all-time low in February, official data showed Wednesday, pointing to strength in Europe's largest economy even as political uncertainty clouds future prospects.Full Story
The dollar firmed in Asia Wednesday after two top Federal Reserve officials suggested US interest rates could rise this month, while Donald Trump's speech to Congress received a mixed response.Full Story
At a furniture store outside India's capital, a salesman scans the manager's ID and takes her fingerprint on a biometric device attached to his cellphone.Full Story
Saudi Arabia said Tuesday its $7 billion investment in a giant Malaysian refinery would bolster a bid by state-owned energy firm Aramco to go public next year.
The deal between Aramco, the national oil company of Saudi Arabia, and Malaysian state energy firm Petronas over the $27 billion project was signed Tuesday during Saudi King Salman's state visit to Malaysia.Full Story
The heir to the Samsung empire and four other top executives were indicted Tuesday on multiple charges including bribery and embezzlement, South Korean prosecutors said in the latest blow to the world's biggest smartphone maker.
The presentation of formal charges against Lee Jae-Yong and his colleagues makes them almost certain to face trial, casting new uncertainty over South Korea's biggest business group as it seeks to recover from a humiliating recall.Full Story
Asian markets mostly gave up their early gains Tuesday and the dollar came under fresh selling pressure as trading floors become cautious ahead of Donald Trump's speech to a joint session of Congress.
The new US president hinted he would make a "big" announcement on infrastructure policy, raising hopes he will deliver on a key campaign promise.Full Story
Uncertainty surrounding the sanctions on Iran and its relations with the United States pose a risk to the oil-producing nation's economy, the International Monetary Fund said Monday.
The comments were a reference to the new sanctions the Trump administration imposed early this month on individuals and companies supporting Iran's ballistic missile program and the Revolutionary Guards military force.Full Story
South Korean retail giant Lotte agreed Monday to provide land to host a controversial U.S. missile defense system loathed by Beijing, Seoul's defense ministry said.Full Story