Bombay Durpun - Economy

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Suriname rules out state funeral for ex-dictator Bouterse

Suriname's government announced Saturday that the small South American nation will not hold a state funeral for its ex-president Desi Bouterse, who this week died a fugitive from justice aged 79.

Turkey's pro-Kurd party meets jailed PKK leader

A delegation from Turkey's main pro-Kurdish DEM party on Saturday visited jailed PKK leader Abdullah Ocalan, who is serving life on a prison island off Istanbul, party officials said.

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Volkswagen says to sell operations in China's Xinjiang

German car giant Volkswagen said Wednesday it would sell its operations in China's Xinjiang region, where Beijing has been accused of widespread human rights abuses including forced labour.

Ireland has a cultural moment, from rock and books to cinema

From Sally Rooney's bestsellers to actor Paul Mescal, Ireland, which holds a general election this week, has been enjoying a cultural and creative renaissance in recent years.

Vietnamese EV maker Vinfast reports $550 million Q3 loss

Vietnamese electric vehicle manufacturer VinFast reported a net loss of $550 million for the third quarter, less than the same period last year as the firm recorded an uptick in sales.

Five forgotten conflicts of 2024

The wars in the Mideast and Ukraine-Russia have dominated world headlines in 2024 but several other conflicts are ravaging countries and regions.

Trump names trade envoy, top economic advisor to fill policy team

Donald Trump on Tuesday named Jamieson Greer his trade representative, a key figure in implementing the president-elect's economic agenda, particularly his plans to use tariffs to raise revenue and help bring more manufacturing to US shores.

China expected to hit peak coal consumption in 2025: report

China's coal consumption could peak by 2025 as the world's top consumer of the fossil fuel ramps up its push for clean energy, a report published on Wednesday said.

What to expect from the new EU top team's first 100 days

Ursula von der Leyen's new European Commission is expected to officially start its work next week, with the European Parliament set to give it the all-clear in Strasbourg on Wednesday.

New EU commission to get all clear as daunting task awaits

The European Parliament is set Wednesday to give the final greenlight for EU chief Ursula von der Leyen's new executive to start work, as the bloc faces mounting challenges.

German family winery taps into zero-alcohol trend

Alcohol-free drinks are becoming ever more popular, especially with health-conscious younger people -- a trend cheered by a small German winery based in a Rhine Valley castle.

Paddington: the affable bear who became a lucrative business

Paddington, the affable clumsy bear from British children's books, has transformed into an international sensation over the past decade, thanks to a clever film strategy and with the help of the royal family.

Asian markets mixed as traders eye fresh trade tensions

Asian markets were mixed Wednesday as traders tried to gauge the economic outlook after Donald Trump picked a tough-negotiating hawk as his trade envoy the day after saying he would hit China, Canada and Mexico with hefty tariffs.

Bolivia announces $1 bn deal with China to build lithium plants

Bolivia said Tuesday it had signed a $1 billion deal with China's CBC, a subsidiary of the world's largest lithium battery producer CATL, to build two lithium carbonate production plants in the country's southwest.

India's "Football and Beyond" Receives Recognition from UNAOC-BMW Group's Intercultural Innovation Hub

The India-based organization "Shreeja India" is one of ten grassroots initiatives recognized by the prestigious Intercultural Innovation Hub, a joint initiative of the United Nations Alliance of Civilizations (UNAOC) and the BMW Group, implemented with the support of Accenture, during a Ceremony held in the framework of the 10th UNAOC Global Forum, in Cascais, Portugal under the theme "United in Peace: Restoring Trust, Reshaping the Future - Reflecting on Two Decades of Dialogue for Humanity". The Forum convened prominent figures, political leaders, UN officials including the United Nations Secretary-General, António Guterres, as well as representatives from civil society, academia, and the private sector, to share insights and reflect on the 20 years of the United Nations Alliance of Civilizations' impactful work.

Trump tariffs threat casts chill over Canada

Canada was scrambling Tuesday to blunt the impact of US President-elect Donald Trump's threat to implement steep tariffs once he takes office, as experts warned of a potentially "catastrophic" hit to the Canadian economy.

Trump tariff vow drives choppy day for markets

European markets closed lower on Tuesday while Wall Street bounced as investors digested incoming US president Donald Trump's warning that he would impose huge new tariffs on China, Mexico and Canada, raising fears of a trade war.

Prosecutors seek up to 15-year terms for French rape trial defendants

French prosecutors on Tuesday demanded sentences of up to 15 years for the remaining co-defendants in the trial of a man charged with enlisting dozens of strangers to rape his wife while she was drugged and unconscious.

Carrefour attempts damage control against Brazil 'boycott'

French supermarket group Carrefour attempted Tuesday to end a supplier "boycott" of its stores in Brazil by apologizing for refusing to sell Mercosur-origin meat in its outlets in France.

Namibians heads to the polls wanting change

The mix of people milling around Windhoek's Zoo Park reflect the hopes and disappointments of Namibians who head to the polls Wednesday in a test for the party that brought independence 34 years ago but has left many feeling let down.

Sales of new US homes lowest in around two years: govt

New home sales in the United States fell short of analyst expectations in October, hitting the lowest rate since late 2022, according to government data released Tuesday, with mortgage rates ticking up during the month.

Stocks, dollar mixed on Trump tariff warning

Choppy trading hit stock markets on Tuesday as investors digested Donald Trump's warning that he would impose huge new tariffs on China, Mexico and Canada when he takes over as US president in January.

Stocks retreat, dollar mixed on Trump tariff warning

Stock markets retreated and the dollar was mixed Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada immediately on taking over as US president in January.

No regrets: Merkel looks back at refugee crisis, Russia ties

Germany's former chancellor Angela Merkel gives a spirited defence of her 16 years at the helm of Europe's top economy in her memoir "Freedom", released in 30 languages on Tuesday.

Laos hostel staff detained after backpackers' deaths

Police in Laos have detained the manager and seven staff of a backpacker hostel in Vang Vieng following the deaths of six tourists from suspected methanol poisoning, state media reported Tuesday.

China's Huawei unveils 'milestone' smartphone with homegrown OS

Chinese tech giant Huawei on Tuesday unveiled its first smartphone equipped with a fully homegrown operating system, a key test in the firm's fight to challenge the dominance of Western juggernauts.

Equity markets retreat, dollar gains as Trump fires tariff warning

Stock markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a more moderate approach to trade policy.

China's Huawei launches 'milestone' smartphone with homegrown OS

Chinese tech giant Huawei on Tuesday launched its first smartphone equipped with a fully homegrown operating system, a key test in the firm's fight to challenge the dominance of Western juggernauts.

US lawmakers warn Hong Kong becoming financial crime hub

US lawmakers urged the government Monday to rethink banking ties with Hong Kong, citing its "increasing role" in money laundering, sanctions evasions and reported funneling of banned technology to Russia.

Compressed natural gas vehicles gain slow momentum in Nigeria

Car mechanic Adebola Omotosho has to drive eight kilometres across Nigeria's bustling commercial hub Lagos to fill his tank with compressed natural gas.

Plastic pollution talks: the key sticking points

Nations gathered in Busan, South Korea have a week to agree the world's first treaty to curb plastic pollution, a gargantuan challenge given the major divisions that remain.

Indonesia rejects Apple's $100 million investment offer

Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the "fairness" required by the government.

China's Huawei to launch 'milestone' smartphone with homegrown OS

Chinese tech giant Huawei will on Tuesday launch its first smartphone equipped with a fully homegrown operating system, a key test in the firm's fight to challenge the dominance of Western juggernauts.

Hong Kong top court affirms housing, inheritance rights for same-sex couples

Hong Kong's top court ruled Tuesday to affirm housing and inheritance entitlements for same-sex couples, siding against the government in favour of LGBTQ rights protection.

Bombay Durpun - Economy (English)