India to investigate Amazon and Flipkart over alleged illegal discount practices
The Competition Commission of India (CCI) has initiated a major investigation into Amazon and Flipkart, examining claims of preferential treatment to select sellers and potential market manipulation through strategic discounts and platform preferences.
Saudi maintains stable oil supply amid growing tensions
Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman reassures market stability, pledging to pump over 9 million barrels per day in early 2020 while navigating regional tensions following the Soleimani incident.
British airline Flybe maintains operations amid collapse threat
Flybe continues normal flight operations despite media reports of potential financial difficulties. The airline is reportedly in discussions with government departments about emergency financing while maintaining its commitment to customer service and travel connectivity.
Hong Kong’s financial sector unmoved by protests
Despite month-long pro-democracy protests, Hong Kong's financial sector remains strong. Chief Executive Carrie Lam emphasized the city's economic resilience, citing lessons learned from the Asian financial crisis and the government's efforts to maintain stability.
Britain’s oldest department store at closure risk
Britain's oldest department store Beales is at risk of closing its 22 stores after struggling during recent holiday trading. The 140-year-old retailer is in negotiations with potential buyers and landlords to reduce rent and avoid losing all stores and 1,000 jobs.
Despite criticisms, Facebook maintains policy on political ads
Social media site Facebook announced that it would stick on its policy allowing political ads on its platform despite criticisms that politicians only use...
US and China vowed to resolve economic disputes through comprehensive dialogue
The United States and China have agreed to resume their Comprehensive Economic Dialogue, aimed at resolving trade disputes. Following the Phase 1 trade deal signing, Treasury Secretary Steven Mnuchin and Vice Premier Liu He will lead semi-annual talks to address economic tensions between the two nations.
Philippines elevates ban on Japanese food imports
The Philippines has lifted its decade-long restrictions on agricultural and seafood imports from Fukushima and neighboring areas following the 2011 nuclear disaster. DFA Secretary Teodoro Locsin Jr. announced the removal of radiation test requirements, allowing safe Japanese food to reach Filipino consumers.
World stocks rise as Mid-East tensions wane
World stocks reached a record high as Middle East tensions decreased. Investors are betting on faster global growth, with attention turning to employment data and the technology sector. MSCI's global shares index showed gains, and major markets like the S&P 500 and Dow Jones saw positive movement.
President Trump boasts US’ investment boom in Ohio rally
President Trump addresses supporters in Toledo, Ohio, emphasizing job growth, economic investments, and upcoming trade agreement USMCA, which he claims will benefit American farmers, workers, and manufacturers.
