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  • China to cut auto tariffs on July 1 as trade tensions ease

    China announced Tuesday that it would cut tariffs on auto imports from July 1, the latest sign of a thaw in trade frictions with the United States. Beijing has announced a flurry of trade liberalisations and reforms since coming under... read more

  • India flexes IPL muscle in hunt for more TV riches

    The head of the multi-billion dollar Indian Premier League says the glitzy tournament is taking aim at football and basketball's heartlands as India strengthens its role as world cricket's financial powerhouse. The high-octane Twenty20 extravaganza -- which reaches the climax... read more

  • Markets mostly rise as Beijing and Washington avert trade war

    Asian and European markets mostly rose Monday after the US and China said they had agreed to hold off imposing tariffs, averting a damaging trade war, at least for now. In late morning deals, London stocks rose 0.8 percent and... read more

  • Oil prices increase with global markets after China, US put trade war ‘on hold’

    SINGAPORE: Oil prices rose on Monday, lifted by news that China and the United States had put a looming trade war between the world’s two biggest economies “on hold”. Brent crude futures were at $78.87 per barrel at 0045 GMT,... read more

  • China agrees to import more from US

    WASHINGTON: China has agreed to take measures to boost imports from the United States to reduce America’s trade deficit, the two countries said on Saturday, although without mentioning the $200-billion target the White House had touted earlier. Beijing and Washington... read more

  • US, China agree to abandon trade war: Beijing

    Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday. The announcement came after high-level talks in the US capital and followed months of tensions over... read more

  • Germany orders Porsche recall over diesel emissions cheating

    German authorities said Friday they had ordered 19,000 Porsche SUVs recalled over emissions cheating, saying a total of 60,000 manipulated vehicles had been identified across Europe. "Illegal 'defeat devices' were identified" in some 4,000 Cayenne and 15,000 Macan cars sold... read more

  • NA passes Finance Bill for 2018-19

    ISLAMABAD: On Friday, the National Assembly has passed finance bill 2018-19 after incorporating proposals given by lawmakers. The basic structure of the budget remains the same, which was released on 27th April, 2018, report further stated. During a budget debate... read more