China drops GDP goal, pledges higher spending

BEIJING: China omitted a 2020 economic growth target for the first time and pledged government support for the economy in Premier Li Keqiang's work...

Lufthansa closes in on €9 bil state rescue deal

BERLIN: Lufthansa is in advanced talks over a €9 bil (RM42.9 bil) state bailout that would see Germany take a 20% stake in its flagship airline, as...