Chinese beer giant Tsingtao hit by slowing economy

Tsingtao Brewery, China's second-biggest beer maker, has reported a sharp fall in profits.In the six months to June, net income fell by 11% from a year earlier to 1.07bn yuan (£123m; $160m), its weakest first-half profit since 2012.An economic slowdown has ... — Read More

China launches own aircraft engine-maker to rival the West

China has launched its first aircraft-engine manufacturer in an attempt to wean itself off Western suppliers.The state-owned Aero-Engine Group of China was created by combining a group of existing aircraft-engine companies, according to local media reports.It has about 50bn yuan ($7.5bn) ... — Read More

Japanese inflation sinks to new low

Japan's consumer prices dropped for the fifth consecutive month in July, adding to pressure on the government to expand its already massive stimulus programme.The data was worse than estimates had suggested and marked the biggest annual drop in more than three ... — Read More

Japan may use e-waste for 2020 medals

Japan is exploring the feasibility of forging the Olympic 2020 medals using precious metals salvaged from electronic waste.Members of Japan's Olympic organising committee tabled the idea to government officials and companies earlier this year, local media reports said.Olympic host cities have ... — Read More

Japan's economic growth weaker than forecast

Japan's economy grew at a weaker-than-expected rate in the second quarter despite an aggressive spending policy by the government.Gross domestic product grew at an annualised rate of 0.2% in the three months to June, below market forecasts for 0.7% and a ... — Read More

China's economic slowdown deepens

Fresh economic data from China has added to a raft of indicators suggesting the world's second largest economy remains in the doldrums.Both industrial output and retail sales fell short of expectations for the month of July.The figures underline China's difficulty of ... — Read More

Chinese trade drop adds to global economic woes

Chinese exports have seen a further decline in July, adding to concerns over the global economic outlook.Exports fell by 4.4% compared to a year earlier, which was a slight improvement over June's 4.8% drop but still worse than analysts had been ... — Read More

Indian parliament backs key tax bill

India's parliament has passed the much-awaited Goods and Services Tax (GST) bill.The tax reform has been labelled a landmark and India's biggest tax reform since independence.The changes aim to streamline India's fragmented tax system with a single levy.Indian businesses have been ... — Read More

Emirates plane crash-lands at Dubai airport

An Emirates plane has crash-landed at Dubai International Airport. All 300 people on board were able to escape from the burning aircraft, but a firefighter was killed.The plane appeared to have landed on its belly, and images showed thick black smoke ... — Read More

South Korea suspends sale of 80 Volkswagen models

South Korea has suspended sales of 80 Volkswagen models and fined the German carmaker over allegations the firm rigged emissions test data.Volkswagen will be fined 17.8bn Korean won ($16m; £12m), in addition to a 14bn won fine from last year, the ... — Read More

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