The IMF predicted the global economy to grow at 3.5 percent in 2019 and 3.6 percent in 2020, down 0.2 and 0.1 percentage point respectively from last October’s forecasts.
SAN FRANCISCO: Apple on Thursday apologized to its customers for slowing down performance of older iPhone models and said it would discount replacement batteries for some of its handsets. The move by Apple responded to an uproar from iPhone users -- and a series of lawsuits -- after news of the battery problems stoked concerns the company was unfairly nudging consumers to upgrade. "We know that some of you feel Apple has let you down. We apologize," Apple said in a message to customers on its website. "We've always…
BEIJING: China's economy will have shown improvement this year but slow slightly in 2018, a top state think tank forecast on Wednesday, with government investment seen easing as leaders look to recalibrate the country's growth dynamic. But while the Chinese Academy of Social Sciences (CASS) estimate was better than its previous outlook it warned of possible trade headwinds from US President Donald Trump's protectionist leanings. At a briefing to release it its annual outlook, CASS said the world's number two economy…