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

Toyota recalls 1.4 million cars over faulty airbags

Japanese carmaker Toyota says it will recall 1.43 million vehicles worldwide over faulty airbags.The cars affected are Prius and Lexus models from 2008 to 2012.Toyota and other carmakers have over the past years been rocked by millions of recalls over problems ... — Read More

More from thebftonline