Business

The federal government is pushing back against the latest U.S. decision to keep imposing duties on Canadian softwood lumber.  U.S. argues Canada’s ‘stumpage fee’ system amounts to unfair subsidies on Canadian lumber. The federal government is pushing back against the latest U.S. decision to keep imposing duties on Canadian softwood …

DUBAI: Passenger traffic at Dubai International Airport took a big leap at 50 percent in the first half of the year, surpassing pre-pandemic levels, its operator said on Tuesday. Dubai, the world’s busiest airport for international passengers before Covid-19, had 41.6 million visits in the six months to June, just …

SALT LAKE CITY: John Warnock, who helped invent the PDF and co-founded Adobe Systems, has died. He was 82. The Silicon Valley entrepreneur and computer scientist died on Saturday surrounded by family, Adobe said in a statement. The company did not give a cause of death or say where Warnock …

BEIJING: China’s central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world’s second-largest economy. The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People’s Bank of …

BEIJING: Speeding through mountains and valleys, trains are carrying a rising volume of freight and passengers on the China-Laos Railway, a travel option that is cost and time effective. Since its launch in December 2021, the 1,035-kilometer (km) rail line, which links the Lao capital Vientiane with Kunming, the capital …

BEIJING: Freshly graduated psychology major Zhang has failed to find a job in her chosen field of market research despite sending out thousands of CVs to Chinese employers. The monthslong search has taken an emotional toll on the 23-year-old, who had ironically conducted a survey on jobseeking anxiety as part …

CAIRO: Egyptian President Abdel Fattah el-Sissi said on Saturday that the government is formulating a plan to enhance domestic industrial production and reduce imports, with the goal of addressing the ongoing economic challenges in the nation. Sissi, also Egypt’s top military leader, made these remarks during his inspection tour of …

SHANGHAI: Shanghai ports exported 1.02 million vehicles in the first seven months of 2023, up 54.8 percent over the same period last year, local customs said Friday. BUSY BUSINESS Photo taken on May 17, 2022 shows a view of the automated container terminal of Shanghai Yangshan Deep Water Port in …

Finance Secretary Benjamin Diokno said over the weekend the implementation of prudential measures would help bring down the government’s debt-to-GDP ratio below 60 percent. The debt-to-GDP ratio calculates the country’s public debt as a percentage of its gross domestic product. It allows finance managers to determine the capacity of a …

Department of Trade and Industry secretary Alfredo Pascual underscore the importance of the private sector in ensuring continued growth and stability amid the challenges brought about by the pandemic and geopolitical tensions. Pascual, speaking during the ASEAN-Business Advisory Council meeting on Aug. 19, 2023 in Semarang, Indonesia, called for a …