Markets

NAIROBI: Ethiopia's clothes factory workers, producing items for top fashion brands including Guess, H&M and Calvin Klein, are the worst paid in the world, earning only US$26 a month, a report said Tuesday (May 7).  As Ethiopia seeks to become the continent's leading manufacturing hub, it has sold ...

COPENHAGEN: Danish prosecutors have charged Thomas Borgen, former chief executive of Danske Bank, over his involvement in one of the world's biggest money laundering scandals, newspaper Borsen reported on Tuesday, citing his lawyer. Prosecutors raided Borgen's home on March 12, the report quoted ...

Iraq is close to signing a US$53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on Tuesday, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran.

A push by makers of electronic cigarettes to raise nicotine levels in the European Union towards their far higher American levels is running into opposition, a senior executive at U.S. market leader Juul said on Tuesday.

General Motors Co's majority-owned Cruise self-driving car unit said on Tuesday it received a US$1.15 billion investment from a consortium of investors, valuing the subsidiary at US$19 billion.

SINGAPORE: The Ministry of Trade and Industry (MTI) said that having a having a vibrant, smart mobility ecosystem will not only create new jobs, but also benefit adjacent industries that are already established here. This was shared in a written response to a Parliamentary question by Member of ......

German prosecutors have imposed a fine of 535 million euros (US$598.99 million) on German luxury carmaker Porsche AG for neglecting supervisory obligations linked to diesel emissions cheating, they said in a statement on Tuesday.

French tycoon Xavier Niel has agreed a 2.7 billion euro (US$3.02 billion) deal to sell mobile towers in France, Italy and Switzerland to Cellnex as he seeks to bolster the finances of his telecoms group Iliad.

U.S. stock index futures fell on Tuesday as uncertainty of a trade deal being reached between the United States and China kept investors on edge.

The head of the International Monetary Fund said on Tuesday (May 7) that fresh trade tensions between the United States and China were the main threat to the world economy.