Seoul / AFP South Korea on Tuesday announced an economic stimulus package of 20 trillion won ($17 billion) as it cut its 2016 growth forecast due to slowing global demand and the fallout from Britain’s shock decision to leave the EU. The finance ministry revised its growth target for the year to 2.8 percent from 3.1 percent, and said ...

  Mumbai / Tribune News Service Starbucks Corp. will introduce Tata group’s single-origin coffee in the United States and its Himalayan mineral water in Singapore, launch its specialty tea brand Teavana in India, develop a signature Indian tea blend with Tata group, and introduce Starbucks Coffee on Vistara flights, as the world’s largest coffee retailer and its Indian ally strengthen ...

  Tokyo / AFP Takata shares jumped on Tuesday after the airbag supplier’s boss said he would resign once the company recovers from a scandal linked to at least 13 deaths and scores of injuries globally. The Tokyo-listed stock soared as much as 10 percent in early afternoon trade after chief executive Shigehisa Takada told the annual shareholder meeting that ...

  If you are reading this column, the world still exists. This should come as a relief to anyone who has been reading the commentary about the U.K.’s allegedly terrifying and catastrophic vote to leave the European Union. The vote could lead, some forecasters say, to a global recession (one that, knowing today’s press, will inevitably be called a “Brecession”). ...

  Three Amigos summit that will bring three American leaders together — US President Barack Obama, Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau — in Ottawa, is set to avail a strategic pledge to have their countries produce 50% of their power by 2025 from hydropower, wind and solar and nuclear plants, carbon capture and storage, ...

  Robert Farley SPECIAL TO EMIRATES BUSINESS Cold War politics made for strange bedfellows. Albania and the People’s Republic of China became fast friends, because of a shared aversion to the Soviet Union. The United States developed a cordial relationship with Romania, despite the brutality of the CeauÈ™escu government. Both China and the United States became far too defensive of ...

It’s the summer of 2019, three years after British voters stunned the world by voting to leave the European Union. The U.K. has regained its economic and financial footing, as well as its national confidence. A smaller and more unified European Union now functions in a more coherent fashion. But the road has been bumpy and, as a result, the ...

  BLOOMBERG Stocks, the pound and commodities all gained for the first time since Britain’s shock vote to leave the European Union amid speculation policy makers will take steps to limit any economic fallout. The Stoxx Europe 600 Index and sterling both rebounded after tumbling 11 percent in the last two trading sessions. A gauge of the dollar’s strength snapped ...

  Bloomberg Indian stocks advanced as investors bought companies most-tied to the economy after the U.K.’s decision to leave the European Union left global markets in disarray. Drugmaker Lupin Ltd. surged the most in three months, while Bharti Airtel Ltd. rallied the most in a week. Hindustan Unilever Ltd. had the steepest advance since March 21 and ITC Ltd., the ...

  Bloomberg Following Britain’s unexpected vote to leave the European Union, strategists did something that might seem strange: they turned more bullish on a big swath of the country’s shares. The FTSE 100 Index, which tracks the largest companies trading in London, has been relatively resilient since the referendum, falling less than half as much as the broader FTSE 250 ...