Economy

New Zealand has announced plans to nearly triple a tax on international tourists, prompting backlash from the country’s tourism industry. New Zealand’s National Party-led coalition government said on Tuesday that...

Hewlett Packard Enterprise (HPE) has confirmed that it will pursue $4bn in damages against the estate of tech mogul Mike Lynch following his death in a yacht wreck off the...

Volkswagen says auto industry headwinds mean the German automaker can’t rule out plant closings in its home country, while the company is also dropping a longstanding job protection pledge that...

Hong Kong’s Cathay Pacific Airways has started a fleet-wide inspection of its Airbus aircraft after identifying an engine component failure, sending shares in British engine maker Rolls-Royce down sharply. The...

Due to growing anticipation that the US Federal Reserve will soon lower interest rates, the majority of Gulf stock markets closed Monday’s trading session higher. Investor mood held steady, according...

Financial hand-ringing abounds these days as money managers and consumers alike eye a potential recession. But recessions are notoriously difficult for economists to predict. Official recession indicators are mounting. Two...

Chinese state banks have halted transactions with Russia over fears of getting entangled in US sanctions, but smaller financial institutions are taking their place, Reuters reported on Friday. Some smaller...

Notorious for a hardworking culture, Japan launched an initiative to help people cut back. But three years into the effort, the country is having a hard time coaxing people to...

Australia’s largest publicly traded casino operator has been temporarily suspended from the country’s stock exchange after failing to lodge its annual financial results. Star Entertainment Group was delisted from the...

Some 10,000 hotel workers across the United States have gone on strike over a major holiday weekend to demand better pay and conditions. Workers on Sunday walked off the job...