Markets

LONDON: Bank of England (BoE) Governor Andrew Bailey has written a letter to lenders warning them of the challenges of negative interest rates, the Sunday Times newspaper reported (Jul 5). The letter said that negative rates were "one of the potential tools under active review" if the monetary ...

Germany's economy may recover from October onwards from the coronavirus pandemic, Economy Minister Peter Altmaier said in a newspaper interview on Sunday.

Germany's economy may recover from October onwards from the coronavirus pandemic, Economy Minister Peter Altmaier said in a newspaper interview on Sunday.

LONDON: British Prime Minister Boris Johnson is expected to begin phasing out the use of Chinese tech giant Huawei's technology in Britain's 5G network as soon as this year, The Daily Telegraph reported on Saturday (Jul 4). Officials are drawing up proposals to stop installing new Huawei ...

Britain's government will double the number of its job coaches as part of a plan to tackle a rise in unemployment triggered by the coronavirus lockdown, the finance ministry said on Saturday.

German engineering company Siemens saw the volume of business contract by as much as 20per cent in the three months to June and activity in 2021 would stay below 2019 levels, the chief financial officer told Boersenzeitung (BoeZ).

U.S. President Donald Trump on Saturday signed into law a deadline extension to August 8 for small businesses to apply for relief loans under a federal aid program to help businesses hurt by the COVID-19 pandemic, the White House said.

FRANKFURT: German engineering company Siemens saw the volume of business contract by as much as 20 per cent in the three months to June and activity in 2021 would stay below 2019 levels, the chief financial officer told Boersenzeitung (BoeZ). Ralf Thomas told Saturday's edition of the newspaper ......

Philippine immigration officers falsified records to show ex-Wirecard executive Jan Marsalek briefly visited the country after he was sacked from the collapsed German payments processor, the justice minister said Saturday.

Two top executives from one of the world's largest gaming companies have left the firm during an investigation into allegations of sexual harassment and abuse.