The global economy could grow at its slowest rate since 2009 this year due to the coronavirus outbreak, the Organisation for Economic Cooperation and Development (OECD) has warned. The influential think tank has forecast growth of just 2.4% in 2020, down from 2.9% in November. But it said a longer “more intensive” outbreak could halve […]

Coal power developers risk wasting hundreds of billions of dollars as new renewable sources are now cheaper than new coal plants, a report has said. The shift is mainly due to cheaper wind and solar power, Carbon Tracker said. It added that in 10 years it will be cheaper to close down coal plants and […]

Apple’s chief executive Tim Cook said the company would open its first physical stores in India in 2021 and a online outlet later this year. Apple had to seek special approval from the Indian government to open a store without a local partner. The announcement was made at the company’s annual shareholders’ meeting. Investors at […]

Ministers from the EU have approved their mandate for post-Brexit trade talks with the UK. The document, approved by the EU General Affairs Council on Tuesday – will be the basis for the negotiations, to be carried out by Michel Barnier. It says that EU standards should serve as “a reference point” in any future trade […]

The German economy had another very weak three months at the end of last year, according to official figures. Gross domestic product (GDP), the total production of goods and services, was almost unchanged from the previous quarter. Germany is very exposed to the tensions in international trade, and the weak new figures partly reflect a […]