China Says It Reserves Right to Take Measures Against US Planned Investment Curbs 

Business China Says It Reserves Right to Take Measures Against US Planned Investment Curbs 

China Says It Reserves Right to Take Measures Against US Planned Investment Curbs 

China is gravely concerned and firmly opposed to US proposed rules for curbing certain investments in China, and reserves the right to take corresponding…

Business German vice-chancellor and Economy Minister Robert Habeck during his visit to carmaker BMW's research and development center in Shanghai, China, on June 23. (Reuters) 

Germany Urges China to Find Alternative to Coal

German Economy Minister Robert Habeck said on Sunday that two Chinese officials he met in Beijing told him that China was expanding coal production for…

Asharq Al Awsat (Berlin)
Business Jeddah Islamic Port. Photo: Saudi Ports Authority website

Mawani, Reviva Sign Deal for Waste Recycling Complex in Jeddah

The Saudi Ports Authority (Mawani) and Global Environmental Management Services Ltd. (Reviva), a subsidiary of Saudi Investment Recycling Company (SIRC) Group,…

Asharq Al Awsat (Jeddah)
Business A Tesla sign is seen on the Shanghai Gigafactory of the US electric car maker before a delivery ceremony in Shanghai, China January 7, 2020. Reuters

Foreign Direct Investment in China Drops 28% in Five Months

Foreign direct investment (FDI) in China dropped 28.2% to reach 412.5 billion yuan (approximately $57.94 billion) during the first five months of 2024 from the…

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Business FDP Finance Minister Christian Lindner (L), Greens Economy Minister Robert Habeck (C) and Chancellor Olaf Scholz (R) of the SPD are locked in a budget dispute - AFP

Germany's Coalition in Impasse Over 2025 Budget

The three parties in the German government are locked in a bitter dispute over the 2025 budget, with experts warning the stalemate could be the final straw for…

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Business The increase in the deficit has long alarmed fiscal hawks - (File/AFP)

US Borrowing Binge Risks Market Strains

The US will be forced to fund a massive increase in its budget deficit with short-term debt, analysts have said, with consequences for money markets and the…

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Business German Vice Chancellor and Economy Minister Robert Habeck poses for pictures alongside National Development and Reform Commission (NDRC) Chairman Zheng Shanjie following the opening session of the German-Chinese Climate and Transformation Dialogue in Beijing, China June 22, 2024. REUTERS/Maria... Purchase Licensing Rights

German Economy Minister Says EU Open for Talks on China Tariffs

Germany's Economy Minister Robert Habeck said during his visit to China on Saturday that the European Union's door is open for discussions regarding EU tariffs…

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Business  People visit Ameya-Yokocho shopping street in the Ueno area of Tokyo on June 19, 2024. (AFP)

Japan's Demand-Led Inflation Slows, Clouds BOJ Rate Hike Path

Japan's core inflation accelerated in May due to energy levies but an index that strips away the effect of fuel slowed for the ninth straight month, data…

Business Public sector net debt, excluding state-controlled banks, reached 2.742 trillion pounds ($3.47 trillion) or 99.8% of annual gross domestic product in May. (Reuters)

UK Public Debt Rises to Highest Since 1961 Ahead of Election

British public debt rose last month to its highest as a share of the economy since 1961, data showed on Friday, adding to the financial challenges the next…

Business A worker assembles parts of a Tundra Truck at Toyota's truck plant in San Antonio, Texas, US, April 17, 2023. (Reuters)

US Business Activity Inches up in June; Price Pressures Abating

US business activity crept up to a 26-month high in June amid a rebound in employment, but price pressures subsided considerably, offering hope that a recent…

Business Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. (Reuters)

EU Tariffs on China Not a ‘Punishment’, Says German Economy Minister

Proposed European Union tariffs on Chinese goods are not a "punishment", Germany's Economy Minister Robert Habeck told Chinese officials in Beijing on Saturday…

Business General view of capital Manama, Bahrain, October 30, 2022. (Reuters)

Bahrain Draws Record FDI Inflow in 2023

Bahrain saw a surge in foreign direct investment (FDI) to a record $6.8 billion in 2023, up 148% from the previous year's figures, according to the latest…

Business A self-driving electric vehicle by Holon. (Holon)

European Commission Greenlights Saudi Investment in German Electric Vehicle Firm

The European Commission announced its approval of the acquisition and joint control of the German autonomous electric vehicle company Holon by Saudi Arabia’s…

Asharq Al Awsat (Frankfurt)
Business A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Nvidia Shares Rise on News of AI Factory for Elon Musk

Nvidia shares gained 3% before the bell on Thursday, set to extend the semiconductor bellwether’s lead as the world’s most valuable company, after partners…

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Business A woman walks next to the logo for Carlyle at the company’s offices in New York City, US, June 28, 2022. Picture taken June 28, 2022. REUTERS/Brendan McDermid/ File Photo Purchase Licensing Rights

Carlyle Creates New Med Oil, Gas Company with $945 mln Energean Deal

Carlyle (CG.O), will form a new Mediterranean-focused oil and gas company led by former BP (BP.L), CEO Tony Hayward after the private equity fund agreed to…

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Business A businessman walks in Tokyo's business district, Japan·Reuters

Most Japan Firms See No Need to Follow the US with Tariffs on China

Most Japanese companies see no need for their government to follow the US in raising tariffs on Chinese imports, saying excessive production capacity in China…

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Business The European Union flag inside the atrium during an EU summit at the European Council building in Brussels, Monday, June 17, 2024. (AP Photo/Omar Havana)

EU States Agree on 14th Sanctions Package Against Russia

European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including a ban on re…

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Gold Hits Two-week High on Fed Rate Cut Bets

Gold prices touched a two-week high on Thursday, as softer US economic data increased the likelihood of interest rate cuts from the Federal Reserve this year…

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Brent Rises on Middle East War Jitters, While WTI Dips Ahead of Inventories Report

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Business Workers unload coal from a supply truck at a yard on the outskirts of Ahmedabad, India October 12, 2021. REUTERS/Amit Dave/File Photo Purchase Licensing Rights

India's Coal-based Power Demand at All-time High

India's demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday. Peak demand for…

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Business FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara·Reuters

Nvidia Eclipses Microsoft as World's Most Valuable Company

Nvidia became the world's most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble…

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Business The risk of a resurgence in inflation and the July 4 election are seen as keeping the Bank of England from starting to cut rates at its Thursday meeting ( AFP)

BoE Set to Sit Tight on UK Rate

The Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price risks and Britain's looming election…

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Business Gold bullion displayed in a store in the German city of Pforzheim (dpa)

Gold Gains Traction on Weak US Economic Data

Gold prices edged up on Wednesday after data suggesting lacklustre US economic activity kept alive hopes for at least one interest rate cut this year. Spot…

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Business A pumpjack brings oil to the surface in the Monterey Shale, California, US April 29, 2013. REUTERS/Lucy Nicholson/File Photo

Oil Hits Seven-week High on Demand Hopes, War Jitters

Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said US crude…

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Business FILE PHOTO: Prices of food are displayed at the Borough Market as the UK inflation rates fall by less than expected in London, Britain May 22, 2024. REUTERS/Maja Smiejkowska/File Photo

UK Inflation Back to 2% Target for 1st Time Since 2021

British inflation returned to its 2% target in May for the first time in nearly three years, data showed on Wednesday, but underlying price pressures remained…

Asharq Al Awsat (London)
Business A European Union flag flutters outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023 (Reuters)

Annual Inflation in Euro Zone Rose to 2.6% in May

Annual inflation in the euro zone accelerated in May, as initially expected, driven largely by the cost of services, while economists said the European Central…

Asharq Al Awsat (London)
Business A BYD Ocean-M electric car is displayed at the Beijing Auto Show in Beijing on April 25, 2024. (Photo by Pedro PARDO / AFP)

Chinese Automakers Seek Retaliatory Tariffs on EU Cars

Chinese automakers have urged Beijing to retaliate against Brussels' decision to place curbs on Chinese electric vehicle exports by raising tariffs on imported…

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Business Dredger Vox Maxima is anchored in the waters as workers clean up an oil slick at Siloso Beach in Sentosa, Singapore June 18, 2024. REUTERS/Edgar Su

Shell to Acquire Singaporean LNG firm Pavilion Energy from Temasek

Shell has agreed to buy Singaporean liquefied natural gas (LNG) company Pavilion Energy from global investment company Temasek in a move the oil major said…

Asharq Al Awsat (Singapore)
Business FILE PHOTO: Brine pools used to extract lithium are seen next to a lithium mining camp at the Salar del Rincon salt flat, in Salta, Argentina August 12, 2021. REUTERS/Agustin Marcarian/File Photo

Source: Coal India Exploring Lithium Assets in Argentina with US Firm

State-run Coal India Ltd is exploring lithium blocks in Argentina along with a US company to secure supplies of the battery material, an Indian source with…

Asharq Al Awsat (New Delhi)