Business
German economy shrinks amid trade concerns, auto woes
Frankfurt, Aug 14 (AP/UNB) — The German economy shrank by 0.1 percent in the second quarter from the previous three-month period as global trade conflicts and troubles in the auto industry weighed on Europe's largest economy.
UK inflation edges back above 2% target in July
London, Aug 14 (AP/UNB) — Official figures show that inflation in Britain has unexpectedly risen back above the Bank of England's target, but with the Brexit date approaching there is little pressure on policymakers at the central bank to raise interest rates.
Govt decides to allow export of raw hide
Dhaka, Aug 13 (UNB) – The government has decided to give permission for export of raw hide to ensure fair price.
Saudi Aramco expands with $15B deal with India's Reliance
New Delhi, Aug 12 (AP/UNB) — Oil giant Saudi Aramco is buying 20% of Indian conglomerate Reliance Industries' oil and chemicals business for about $15 billion, in a deal that gives it heft and diversity ahead of a long-awaited IPO.
Global shares decline as trade war worries worsen
Beijing, Aug 12 (AP/UNB) — Global stocks retreated Monday amid investor concerns that the U.S.-China trade war might be worsening.
Walmart pulls violent game displays but will still sell guns
New York, Aug 10 (AP/UNB) — Walmart has ordered workers to remove video game signs and displays that depict violence from stores nationwide after 22 people died in a shooting at one of its Texas stores, but the big box retailer will continue to sell guns.
Oil unease: Alaska faces tough budget decisions
Juneau, Aug 10 (AP/UNB) — Daniel Bowen came to Alaska in 2011, looking for adventure and opportunity. He and his wife eventually settled on the Kenai Peninsula south of Anchorage, a salmon fishing haven calling itself "Alaska's Playground."
IMF contradicts Trump: China hasn't manipulated its currency
Washington, Aug 10 (AP/UNB) — The International Monetary Fund sees little evidence that China's central bank has deliberately reduced the value of the nation's currency — a position at odds with the Trump administration's decision this week to accuse Beijing of manipulating the yuan.
Stocks fall again on trade-war worries, capping a wild week
New York, Aug 10 (AP/UNB) — Stocks stumbled Friday as worries flared yet again that President Donald Trump's trade war with China may be worsening. It was a fitting end to a wild week where markets zoomed down, up and down again as investors recalibrated by the minute how much the tensions will hurt the global economy.
US-China trade war weakening demand for oil
Paris, Aug 9 (AP/UNB) — The trade war between the United States and China and a broader decline in world economic growth are weakening the demand for oil and pushing prices down, the International Energy Agency said Friday.