Divided opinion over job creation promise in Trumps NAFTA renegotiation plan on January 29, 2017WASHINGTON: The US opinion is divided over whether US President Donald Trump’s plan to renegotiate a North America free trade deal will bring back jobs to the US as promised. Making good on his campaign promises, Trump earlier this week announced his decision to renegotiate the North American Free Trade Agreement (NAFTA) that the US […]
Australia must lower company tax rate to remain competitive: treasurer on January 28, 2017CANBERRA: Australia’s treasurer said on Friday the nation must cut its corporate tax rate to remain competitive, or risk shutting off Australian businesses from a globalizing world. Australia’s company tax rate sits at 30 percent and is ranked in the top five tax-paying nations in the Organization for Economic Co-operation and Development (OECD). Treasurer Scott […]
Global organisations, banks upbeat on China growth prospects on January 24, 2017BEIJING: Despite the challenges of transitioning to a more innovation and service-driven economy, China in 2016 pushed forward key reforms and achieved steady growth, with many international agencies and banks sanguine about China’s growth outlook this year. Supported by consumer spending and the service sector, China’s GDP grew 6.8 percent in the fourth quarter of […]
China to start 15 water conservation projects on January 23, 2017BEIJING: China will start 15 new major water conservation projects in 2017 amid efforts to boost investment and stabilise growth, the country’s top economic planner said Monday. Total investment in major water projects under construction should exceed 900 billion yuan by the end of this year, compared with the current level of 800 billion yuan, […]
$550m needed to help most vulnerable Afghans in 2017: OCHA on January 22, 2017KABUL: The humanitarian community in Afghanistan on Saturday appealed for 550 million US dollars to support the most vulnerable people in militancy-hit country, according to the UN humanitarian agency. “Strategic, lifesaving interventions, related to food, health care, nutrition, safe water and sanitation, will reach an estimated 5.7 million people under the 2017 Humanitarian Response Plan […]
Chinas rustbelt shows signs of economic recovery on January 22, 2017BEIJING: China’s northeastern region is showing signs of economic recovery since the traditional heavy industries lost shine, figures released at the annual provincial sessions show. By seeking new growth engines in services, high-tech manufacturing and other sectors, the economy of Jilin Province expanded 6.9 percent last year, exceeding the national average for the first time […]
Dow Chemical eyes bigger presence in China on January 22, 2017BEIJING: The Dow Chemical Co. says it will continue to make investment in China, eyeing business opportunities emerging from the country’s ongoing economic transformation. “When I look at the market here, I see incredible growth opportunities across virtually every sector,” said Neil Hawkins, Dow’s chief sustainability officer and corporate vice president. Despite facing downward pressure, […]
Cautious optimism at Davos about global economy on January 22, 2017DAVOS: As the 47th World Economic Forum annual meeting concluded in Davos, Switzerland, world leaders and the private sector showed cautious optimism about the global economic outlook for 2017. The week started with a fanfare as President Xi Jinping, the first Chinese head of state to address the forum, gave a speech that promoted open […]
Study shows chewing food has significant health benefits on January 21, 2017Chewing food properly is not just good for digestion, but can improve mouth’s immune system protecting you against illness, according to a study released on Thursday by The University of Manchester. Scientists have known that food nutrients can contribute to a healthy immune system in the mouth, but the study, led by researchers from The […]
German designer opens Berlin Fashion Week 2017 on January 19, 2017German fashion designer Dorothee Schumacher opened on Tuesday Berlin Fashion Week 2017 with an elegant and playful collection for the coming autumn and winter. The biannual fashion event, hosted by Mercedes-Benz, is expected to attract some 200,000 visitors including buyers, industry professionals and many fashion enthusiasts to the German capital until tomorrow (Friday) this year. […]