Business articles

Japan returns to trade deficit in January

Japan logged its first trade deficit in five months in January, official data showed Monday, as higher energy prices overwhelmed slower growth in exports due to the lunar new year.

UAE signs $1.2 bn in deals as arms fair opens

The four-day International Defence Exhibition and Conference (IDEX) kicked off Sunday in Abu Dhabi with the United Arab Emirates announcing 21 deals worth more than $1.2 billion.

Ukraine ultra-nationalists protest to back rail blockade

More than 1,000 ultra-nationalists staged a protest in Kiev on Sunday to back a blockade between the coal-producing separatist east and the rest of Ukraine that the government has warned could cause nationwide power cuts and job losses.

Peugeot ‘to keep German jobs’ if it buys Opel

French automaker PSA has pledged to keep Opel plants in Germany running if a planned merger goes forward, and to refrain from layoffs until at least 2019, a newspaper report said Sunday.

Tourism shows signs of recovery in Egypt

Tourists are slowly returning to Egypt, easing pressure on a key sector battered by years of turmoil and the 2015 bombing of a plane carrying Russian holidaymakers.

British PM to meet PSA boss over Vauxhall takeover plans

Prime Minister Theresa May will meet with PSA chief executive Carlos Tavares to discuss its plans to take over the European arm of General Motors, which includes Britain’s Vauxhall cars, her office said Saturday.

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