Osborne sees global risks rising, but sanguine on China

LIMA - Global economic risks are rising and Britain will not be immune, chancellor George Osborne said on Friday, but he said concern about slowing in China should not be overdone, since it was still contributing solidly to growth.

Recent Business News

China to intensify crackdown on illegal money transfers to fight corruption

SHANGHAI - China will step up its crackdown on illegal cross-border money transfers conducted by underground money dealers and offshore companies, as part of efforts to fight corruption, the central bank said on Saturday.

12:16pm BST

Indian investigators raid Kingfisher boss's home in loan probe

MUMBAI - India's Central Bureau of Investigation (CBI) searched liquor baron Vijay Mallya's home and offices on Saturday, in connection with a probe into a loan granted by mid-sized state lender IDBI to his now defunct Kingfisher Airlines.

2:56pm BST

Hundreds of thousands protest in Berlin against EU-U.S. trade deal

BERLIN - Hundreds of thousands of people marched in Berlin on Saturday in protest against a planned free trade deal between Europe and the United States that they say is anti-democratic and will lower food safety, labour and environmental standards.

2:44pm BST

UK construction output slumps in August, adding to signs of economic slowdown

LONDON - British construction output fell in a rainy August at its sharpest rate since late 2012, adding to signs that overall economic growth slowed in the third quarter, official data showed on Friday.

09 Oct 2015

Mexico expects first results in Volkswagen probe in three months

MEXICO CITY - Mexico expects preliminary findings from a probe into Volkswagen's compliance with emissions standards within three months, the environment minister said on Friday, adding the review will include gasoline-fueled cars as well as diesel.

3:31am BST
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