More jobs, higher prices: restaurants show U.S. economy’s bite What does a nice meal out say about the U.S. economy? Quite a lot, as it turns out, and the Federal Reserve is taking note, especially after a whopping 40,200 food service and drinking establishment jobs were created last month. That represented nearly 17 percent of

China and Australian housing: Splurge at an end? Chinese buyers have helped drive huge price rises in Australia’s property market, but Beijing is now trying to prevent its citizens from taking cash out of the country. Julian Lorkin investigates whether the boom is over. Shanghai-based Australian real estate agent Scott Kirchner helped moneyed Chinese buyers

Is the US undermining India’s solar power programme? Whatever happened to all the talk of international co-operation to tackle climate change that we heard during the climate conference in Paris just a few months ago? That is what many environmentalists are asking after the United States delivered a damaging blow to India’s ambitious solar power

London City Airport bought for £2bn by Canadian-led group London City Airport has been bought by a consortium led by a major Canadian pension fund. The price paid has not been disclosed, but the airport’s value has been put at about £2bn. City Airport, which is near Canary Wharf in London’s Docklands, is popular with

China builds Middle East ties through business Fahd Ali Esmail owns Saba, the only Yemeni restaurant in Guangzhou. He went to China in 2001 at the age of 18, following his father, who had been working in the garment trade in Indonesia. Esmail spoke neither Chinese nor English then but picked up both as his family

Gulf investors look to India with hope The country’s growth of 7.3%, rising energy demand, and foreign direct investment drive have placed the emerging economy on the radar of Gulf investors. They’re eager to get more exposure to the world’s fastest growing major economy and its market of 1.2 billion consumers. The Crown Prince of

Indonesia unveils ‘big bang’ for foreign investment, boldest move in 10 years Indonesia on Thursday opened dozens of sectors to foreign investors in what President Joko Widodo has described as a “Big Bang” liberalization of its economy, Southeast Asia’s largest. President Joko Widodo’s administration loosened foreign investment restrictions on everything from restaurants and agriculture to

How Tech Startup Founders Are Hacking Immigration Standing under fluorescent lights at a San Francisco hospital, employees of Medisas Inc. were celebrating the debut of their medical records software. It was the product of two years of planning, coding, and countless meetings with hospital administrators, all driven by Gautam Sivakumar, the startup’s founder and chief executive officer. But Sivakumar spent

Modi Vows to Ensure Friendlier India for Foreign Factories Prime Minister Narendra Modi pledged to untangle India’s byzantine regulations and stay away from retrospective taxation as he looks to boost manufacturing and create jobs in the world’s second-most populous country. Speaking to an audience in Mumbai on Saturday that included Swedish Prime Minister Stefan Loefven

Business Leaders Urge Zuma to Sell South Africa State Assets The heads of South Africa’s biggest companies urged President Jacob Zuma to sell state-owned assets, increase taxes and review the country’s labor laws as part of a raft of proposals to try and avoid a credit-rating downgrade to junk. The government should appoint experienced professionals