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Uzbekistan Launches Six-Figure Banknote to Ease Shopping

Uzbekistan on Monday issued a new high-denomination banknote, saying it would facilitate big consumer purchases in a country that still shops mostly with cash.

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U.S. Tariffs Hike Delay Draws Cautious Welcome, Boosts Shares

President Donald Trump's decision to extend a deadline to escalate tariffs on Chinese imports raised cautious optimism in China on Monday and sent shares soaring.

The Shanghai Composite index jumped 5.5 percent to its highest level since last summer after Trump said "substantial progress" was made in weekend talks between the two countries regarding their dispute over China's technology policies.

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New Kid on the Blockchain: Stablecoin Promises Steady Crypto

As the extreme volatility of cryptocurrencies makes them difficult to depend on for day-to-day use, another type of virtual currency is gaining popularity: stablecoins.

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UAE Oil Firm Signs $4 Billion Deal with BlackRock, KKR

State-owned UAE energy giant Abu Dhabi National Oil Co. on Sunday signed a $4 billion deal with U.S.-based investors BlackRock and KKR granting them a minority stake in its pipeline arm.

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Bargain Auctions Offer Istanbul Consumers More Bang for Buck

"Going, going, gone!" resonate the enticing chants of auctioneers in the narrow streets of a trendy Istanbul neighborhood, fascinating onlookers who are surprised, not so much by the fast pace of the bidding, but by the prices in such economically troubled times.

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Huawei Shrugs Off Threat of U.S. Ban

Huawei's chairman on Sunday shrugged of the risk that President Donald Trump could issue an executive order banning the Chinese telecom giant, saying the company could succeed without the U.S. market.

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German Economy 'in Better Shape' than Thought in Q4

The German economy is "in better shape" than feared, analysts said Friday, after detailed data for the fourth quarter of 2018 showed a dashboard with few red lights despite flat growth.

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BMW, Daimler to Invest 1 Billion Euros in Joint Carsharing Scheme

German auto giants BMW and Daimler said Friday they would invest one billion euros ($1.1 billion) in combining and extending their carsharing schemes DriveNow and Car2Go, in future offering a slew of "mobility services", including for electric cars.

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Top German Court Backs VW Owners in 'Dieselgate' Opinion

Germany top court on Friday backed Volkswagen owners' claims against the firm over cars rigged to cheat regulatory emissions tests, in an opinion that could guide lower courts' rulings.

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Trump to Meet Chinese Trade Negotiator amid Effort to Defuse Conflict

President Donald Trump is due to meet Friday afternoon with China's top trade negotiator, as talks continue to try to defuse the escalation of the tariff war between the world's economic superpowers.

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