Flexible wage setting may increase inequality, researchers tell ECBLabour market reforms may have increased inequality in Germany, a paper presented at a showcase European Central Bank conference concluded on Tuesday, challenging a key tenet of monetary policy in the...
In tit-for-tat, Trump threatens more tariffs against ChinaPresident Donald Trump directed the US Trade Representative to prepare new tariffs on $200 billion in Chinese imports on Monday as the two nations moved closer to a potential trade war. The tariffs, w...
Oil falls on spiralling US-China trade dispute, rising outputOil prices fell nearly one percent on Tuesday as an escalating trade dispute between the United States and China triggered sharp selloffs in many global markets. Crude was also weighed down by expecta...
Audi CEO crisis threatens fragile truce among VW stakeholdersThe arrest and detention of Audi's chief executive forces Volkswagen Group's competing stakeholders to renegotiate the delicate balance of power that has helped keep Rupert Stadler in office. Volkswag...
Asian business sentiment edges up to hit 7-year highBusiness confidence among Asian companies rose in the first quarter to the highest level in seven years, a Thomson Reuters/INSEAD survey showed, as a fresh surge by the Chinese economy offset concerns...
Rare Japanese unicorn Mercari closes up 77 percent in market debutFlea market app operator Mercari Inc's shares surged 77 percent in their Tokyo stock market debut on Tuesday, underscoring strong investor appetite for a rare Japanese unicorn bent on US expansion. Sh...
Japan sticks with assessment economy is ‘gradually recovering’Japan left unchanged its assessment that the economy is gradually recovering, showing policymakers remain confident of a moderate upturn after a contraction in the first quarter. "Japan's economy is g...