[ Spotify has announced record profits, but the music streaming heavyweight will still go ahead with raising its subscription prices next month. The Swedish company’s quarterly gross profit was more than €1bn for the first time after it reigned in marketing spending, although that meant the music-streaming giant missed its forecast for monthly active users. … Read more
[ Wages have increased to their highest level in almost two-and-a-half years, according to official figures, raising questions about whether the Bank of England will press ahead with an expected cut to interest rates this summer. The latest numbers from the Office for National Statistics (ONS) show average regular pay, excluding bonuses, stood at 6 … Read more
[ NEW DELHI: Indian negotiation team is in United Kingdom for advanced stage of negotiations for the India-UK Free Trade Agreement(FTA). According to the government sources, both countries have made significant progress following the completion of the 14th round of negotiations in January 2024.Recently a team from the UK visited India between 5th to 7th … Read more
[ BOAO: China aims to be strong driving force for the world economic recovery this year, opening its markets wider to foreign investors and promoting high quality growth, the country’s top legislator Zhao Leji said on Thursday. China will make tech innovation a new point of economic growth and is willing to collaborate with other … Read more
[ KUALA LUMPUR: MIDF Research projects Malaysia’s economy to grow stronger at 4.7 per cent this year amid improving growth momentum. In its monthly economic review for January 2024, the research house noted that the pick-up in growth will be supported by the external trade recovery, on top of the sustained growth in domestic spending. … Read more
[ KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) maintained its sanguine view of Malaysia’s trade outlook for 2024, with exports to rebound by 4.3 per cent year-on-year in 2024 from a decline of 8.0 per cent in 2023. The research house said in a note today that the export momentum is anticipated to pick … Read more
[ NEW DELHI: With India-US trade set to cross $200 billion in 2023, commerce and industry minister Piyush Goyal and US Trade Representative Katherine Tai on Friday sought to ensure that technical regulations do not impact shipments and vowed to work together on critical minerals, pharma and medical devices.A joint statement issued after a meeting … Read more
[ KUALA LUMPUR: Malaysia recorded negative trade growth in November 2023 with a 2.4% decline in overall trade to RM231.79bil over the same month in 2022. In a statement, the Ministry of Investment, Trade and Industry (Miti) said exports during the month contracted 5.9% year-on-year (y-o-y) to RM122.1bil while imports grew 1.7% y-o-y to RM109.69bil. … Read more
