Business Blog

Africa’s trade gap falls to near three-year low

Narrowing driven by pick-up in commodity prices and collapse in imports

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Bogus boss scam

Incidents of fraudsters posing as the boss and demanding staff make payments is on the rise.{MBD} {IMAGE}

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Five banks are merging to create an Indian super-bank

Five Indian banks are merging with the State Bank of India to create a $550bn super-bank.{MBD} {IMAGE}

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GSK's Emma Walmsley steps into Andrew Witty's shoes

Emma Walmsley takes over from Andrew Witty at the UK's largest drugs company, but on 25% lower pay.{MBD} {IMAGE}

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German inflation tumbles to 1.5% in March

Steep fall eases pressure on ECB to curb its aggressive monetary easing

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Dubai's Drake & Scull breaches covenants on sukuk, other bank facilities

Drake & Scull was not able to comply with reporting requirements requested by its lenders for a conditional waiver valid until the end of 2016

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