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Economy 13 Jul 2017 | 11:10 PM

Malaysia shelves US$2bil plan to buy new fighter jets

KUALA LUMPUR: Malaysia has put on hold a $2 billion (£1.5 billion) plan to replace its ageing fleet of combat aircraft, looking instead to upgrade its aerial surveillance capabilities to confront the growing threat of militancy inspired by the Islamic State group, a source with knowledge of the matter said.

Business 31 Jul 2014 | 8:20 AM

India's Modi eyes first labour overhaul in decades to create jobs

NEW DELHI: Prime Minister Narendra Modi has set in motion the first major revamp in decades of India's archaic labour laws, part of a plan to revive the flagging economy, boost manufacturing and create millions of jobs.

Business 20 Jun 2019 | 12:04 AM

Federal Reserve retains interest rate while big questions loom

ON WEDNESDAY, as most investors expected, the Federal Reserve left interest rates unchanged for now, but said the case for cuts later in the year is stronger than before. That judgment looks reasonable, all things considered.

Business 07 May 2014 | 7:51 AM

US sharply criticizes Chinese oil rig move amid Vietnam protests

HONG KONG: The United States on Tuesday sharply criticized the movement of a huge Chinese oil rig that Vietnam says has entered its waters, the latest show of Beijing's growing assertiveness to raise alarm among smaller countries in the region.

Business 22 Oct 2011 | 12:00 AM

Refugee problem haunts Bhutan

Two small bombs exploded in a Bhutanese border town just three days ahead of the royal wedding on Oct 13.

Business 07 Oct 2011 | 12:00 AM

China seeks profit, shuns politics, in Afghanistan

KABUL, Oct 4 (Reuters) - The Chinese passengers boarding the weekly Ariana Flight 332 from the remote western city of Urumqi to Kabul speak volumes about ties between a rising China, the world's number two economy, and its desperately poor and unstable neighbour, Afghanistan.

Business 05 Jul 2010 | 12:00 AM

Oil spill a familiar story in oil-soaked Nigeria

IWUO-OKPOM, Nigeria: The brown spots run like a trail of blood down the deserted coastline near this fishing village. Just underneath a handful of sand lies spilled oil.

Business 04 Oct 2010 | 12:00 AM

US terror warning could hurt Europe's economy

MADRID: A rare advisory for U.S. travelers to beware of potential terrorist threats in Europe drew American shrugs from Paris to Rome, but tourism officials worried that it could deter would-be visitors from moving ahead with plans to cross the Atlantic.