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Business 22 Jun 2019 | 12:00 AM

Balkanising the World Wide Web

IT is a cliché to say that we live in a digital age, with many countries upgrading to become Knowledge Economies. There is supposedly a digital divide, between those who have access to digital knowledge and skills, and those who don’t.

Economy 17 Jul 2018 | 5:16 AM

UK's Brexit proposal pleases nobody but is an important step forward

THE proposal seeks a softer Brexit for exporters of goods, but a hard Brexit for services. The publication of the UK government’s white paper outlining its approach to Brexit marks a significant and long overdue step towards the UK leaving the European Union.

Business 08 Apr 2016 | 12:00 AM

China’s foreign reserves post surprise rise in March

BEIJING: China’s foreign exchange reserves rose slightly in March to US$3.21 trillion, the central bank said, the first monthly increase since November as cooling expectations of US interest rate hikes eased pressure on the yuan.

Business 17 Mar 2016 | 12:00 AM

Li seeks ‘win-win’ plan

BEIJING: Chinese Premier Li Keqiang outlined plans to cut back bloated industries without mass layoffs and still achieve growth targets that are being tested by rising debt and slowing global growth.

Business 26 Feb 2013 | 12:00 AM

Weak yen adds to woes confronting South Korea’s Park

SEOUL: South Korea’s new president faces a hostile North Korea that seeks nuclear weapons, a moribund domestic economy and now new pressure on its exporters and growth prospects from neighbouring Japan’s yen devaluation.

World 24 Nov 2012 | 12:00 AM

Germany Finance Ministry official sees no Tobin tax before 2016 - report

BERLIN (Reuters) - The German Finance Ministry does not expect a financial transaction tax for 11 euro zone countries to be introduced before 2016, according to a report in Germany's Wirtschaftswoche business weekly magazine.

World 24 Nov 2012 | 12:00 AM

Merkel rival warns Greece could cost Germans

BERLIN (Reuters) - German chancellor candidate Peer Steinbrueck warned in a newspaper interview released on Saturday that German taxpayers could get stuck with a large bill if Greece were to default on its loans.

Business 23 Jun 2012 | 12:00 AM

Euro's big four agree growth boost, split on bonds

ROME: German Chancellor Angela Merkel resisted pressure on Friday for common euro zone bonds or a more flexible use of Europe's rescue funds but agreed with leaders of France, Italy and Spain on a 130 billion euros ($156 billion) package to revive growth.

World 03 Apr 2012 | 12:00 AM

French Socialist's toned-down treaty talk may assuage Berlin

PARIS (Reuters) - France's Socialist presidential candidate has become the standard bearer of the European Left's fightback against austerity, but the toned-down additions he is proposing to a German-inspired fiscal pact should prove acceptable to Berlin.