Economy

Economy Latest News

Google facing £5 bn UK lawsuit over ad searches: firms
Google facing £5 bn UK lawsuit over ad searches: firms
by  AFP

Google on Wednesday said it would "vigorously" defend itself after some 250,000 UK businesses filed a multi-billion-pound legal claim against the US tech giant for allegedly overcharging for online advertising.

Automakers hold their breath on Trump's erratic US tariffs
Automakers hold their breath on Trump's erratic US tariffs
by  AFP

US President Donald Trump's aggressive but fast-changing trade policy has foisted difficult questions on carmakers that they have not yet been forced to answer. Parker, who quipped that US tariff policy might have changed since he last checked his phone, described the company's strategy as "quite simple."

China's forecast-beating growth belies storm clouds ahead: analysts
China's forecast-beating growth belies storm clouds ahead: analysts
by  AFP

Forecast-beating growth in China's first quarter may have offered Beijing's economic planners some much needed good news -- but analysts warn they should strap in for tariff-induced woes further down the line. A top economic planner also stressed that more "proactive and effective macro policies" would be needed to boost growth.