Bloomberg The market power of corporations is rising across rich economies and could eat into economic growth if the trend intensifies, the International Monetary Fund (IMF) said. Corporate market power increased moderately between 2000 and 2015, with price markups increasing by 8 percent, the IMF said in an analysis accompanying its latest World Economic Outlook. The increase was concentrated outside ...

Bloomberg Oil rose near $70 a barrel in London, a level last breached in November, as global crude supplies tightened while hopes for an end to the US-China trade impasse lifted financial markets. Brent crude’s rapid recovery this year — with the biggest quarterly gain in almost a decade — is a victory for the production cuts made by Opec ...

Dubai / Emirates Business Toshiba announced the Middle East-India launch of its turntable audio system designed to wow music lovers with a blend of the vintage and modern. The Toshiba Turntable–LP 200 with Bluetooth connectivity and bundled with stereo speakers is a fusion of retro and latest digital technology that enables users to listen to music the way it was ...