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Pakistani Finance Minister Asad Umar on Thursday said he would step down, after he held talks with Prime Minister Imran Khan, raising fresh questions on plans for averting an economic crisis amid bailout talks with the International Monetary Fund.
Bhoja Poojari has handled baggage for India's Jet Airways Ltd since it began flying nearly 26 years ago. Now, like many other Jet employees, he fears for the future as the debt-laden airline descends into crisis.
Gold prices edged up on Thursday from the near 4-month low touched early in the session after data showing euro zone businesses were under pressure brought concerns about global growth back to the fore.
Taiwan's TSMC struck an upbeat note about the outlook for the depressed global chip market, betting that a rollout of faster 5G mobile network would buoy demand, even as it posted its steepest quarterly profit drop in more than seven years.
German lighting group Osram said on Thursday that talks with Bain Capital and Carlyle Group were continuing, after Manager Magazin said the private equity firms could walk away from a possible takeover.
Daimler is seeking 6 billion euros ($6.75 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at Daimler Trucks division, Manager Magazin said on Thursday.
Pakistan Finance Minister Asad Umar on Thursday said he would step down from his role after discussions with Prime Minister Imran Khan about a cabinet reshuffle, suggesting he is due to leave his position.
British shoppers ignored worries about an impending Brexit deadline and spent heavily in March, official data showed on Thursday, supporting the country's sluggish economy while companies were cutting back on investment.
Chinese electric vehicle (EV) maker Byton, which is facing a management shake-up and questions about funding an expansion, said it has received over 50,000 orders globally for its new SUV model and plans to start production at the end of this year.
Jet Airways shares plunged on Thursday, battered by worries about whether the grounded Indian airline would fly again, while carriers such as SpiceJet rushed in to plug a supply gap in the wake of their rival's demise.
The Indian stock market slipped from record highs to trade slightly lower on Thursday, dragged by banking shares, as sentiments soured a day after debt-ridden Jet Airways Ltd was forced to halt all operations after running out of funds.
Daimler plans to become a carbon neutral company by 2040, ensuring that all new cars, production methods, and suppliers will work in a way which does not produce carbon dioxide emissions, Manager Magazin said on Thursday.