New York: The COVID-19 pandemic has triggered government lockdowns, collapsed consumer demand, and disrupted imports of raw materials, battering the Asia Pacific garment industry especial ...

London: Researchers from King’s Business School warn in a new report that many of the UK’s 5.86 million small and medium-sized enterprises (SMEs) are in a precarious position ...

Singapore/Xinhua: Singapore Economic Development Board reported on Monday that the country's manufacturing output grew 24.2 percent year on year in September, compared to a revised 15 ...

New York: An ambitious plan to make one of the world’s largest and most complex railway networks a net zero carbon emitter by 2030 is moving full steam ahead, although without the s ...

Washington/Xinhua: The US federal budget deficit soared to a record 3.1 trillion dollars in the fiscal year 2020, as the COVID-19 pandemic has prompted massive fiscal stimulus and caused ...

Tokyo/Sputnik: The largest Japanese steel producing corporation, Nippon Steel, is considering selling two of its factories in the United States as part of a strategy to cope with COVID-19 ...

Moscow/Sputnik: The International Energy Agency has maintained its forecast for the global oil demand to decrease by 8.4 million barrels per day in 2020 and to grow by 5.5 million barrels ...

Dhaka: While the invisible enemy Coronavirus slowed down the shuttle of the global economy, Bangladesh kept its growth rolling and accelerating amid the disaster owing to the timely plans ...

Male: Maldives may soon scrap Free Trade Agreement (FTA) with China to protect its trade relationship with other countries, media reports said.