Eurozone factory growth, input costs hit record highs in May

Eurozone manufacturing activity expanded at a record pace in May, according to a survey on Tuesday which suggested growth would have been even faster without supply bottlenecks that have led to an unprecedented rise in input costs.
1 June 2021, 18:00 PM

India’s fuel demand plunges in May on Covid-19 lockdowns

Indian state refiners’ daily gasoline and gasoil sales declined by about a fifth in May from a month earlier as lockdowns to curb the second deadly wave of Covid-19 hit industrial activities and consumption, preliminary data showed on Tuesday.
1 June 2021, 18:00 PM

UK house prices jump 10.9pc, could speed up further

British house prices jumped by an annual 10.9 per cent, the most in nearly seven years, and they look set to accelerate further as people seek new homes after the pandemic, mortgage lender Nationwide said.
1 June 2021, 18:00 PM

India’s factory activity growth slips in May as demand falls

India’s factory activity growth slowed significantly in May as an escalation in coronavirus cases whacked new orders and output while scarcity of raw materials drove up input costs, a private sector survey showed on Tuesday.
1 June 2021, 18:00 PM

China’s third-child policy boosts shares in toy, diaper makers

Shares in Chinese toy makers, diaper producers and infant food companies soared for the second day on Tuesday, as investors piled into stocks seen as benefitting from Beijing’s new three-child policy.
1 June 2021, 18:00 PM

China’s factory activity grows at slower pace

China’s factory activity growth slowed slightly in May as raw materials costs grew at their fastest pace in over a decade, weighing on the output of small and export-oriented firms.
31 May 2021, 18:00 PM

US tyre maker Goodyear faces allegations of labour abuse in Malaysia

American tyre manufacturer Goodyear Tire & Rubber Company is facing accusations of unpaid wages, unlawful overtime and threats to foreign workers at its Malaysian factory, according to court documents and complaints filed by workers.
31 May 2021, 18:00 PM

Cut construction cost to save real estate industry

The Covid-19 pandemic has wreaked havoc on most of the sectors of the economy. The real estate sector was not spared.
31 May 2021, 18:00 PM

Britain to build new flagship to promote trade

Britain is to build a new flagship to promote its business and trade interests around the world, the government said on Saturday, in a move it said would also boost the ailing shipbuilding industry.
30 May 2021, 18:00 PM

Egyptian court delays hearing in Suez container ship compensation case

An Egyptian court on Saturday postponed a hearing in a compensation case filed by the Suez Canal authority against the owners of a container ship that blocked the canal for six days in March, giving the sides more time to negotiate, legal sources said.
30 May 2021, 18:00 PM

Canadian telecoms regulator’s latest ruling spells ‘dark period’ for smaller operators

Two recent decisions by Canada’s telecom regulator are freezing out competition in the country’s highly concentrated industry, critics argue, making it even harder to bring down prices for mobile and internet service.
30 May 2021, 18:00 PM

Increase budgetary allocation for young people: experts

The government should work more for the development of the country’s young people and increase the allocation for them in the upcoming national budget, said economists, policymakers, civil society and NGO representatives.
30 May 2021, 18:00 PM

Bitcoin falls 5.2pc to $33,849, Ether down 6.3pc

Bitcoin dipped 5.16 per cent to $33,849.47 at 18:00 GMT on Saturday, losing $1,842.99 from its previous close.
30 May 2021, 18:00 PM

Dubai property booms as wealthy buyers escape lockdowns

Dubai’s property market is powering out of a six-year malaise as “lockdown dodgers” and wealthy international investors drive a buying frenzy that is breaking records and fuelling an economic recovery.
30 May 2021, 18:00 PM

British retail faces ‘tsunami of closures’ without rent help

Britain’s retail sector will endure a “tsunami of closures” if the government does not extend a moratorium on aggressive debt enforcement, industry lobby group the British Retail Consortium (BRC), said on Sunday.
30 May 2021, 18:00 PM

Meltdown? Turmoil at UK steel empire stokes job fears

Sanjeev Gupta’s Liberty Steel company -- one of the world’s largest steel empires -- faces an uncertain future after announcing plans to sell three of its UK plants.
30 May 2021, 18:00 PM

Carmakers in ‘India’s Detroit’ allowed to operate as workers protest Covid risk

Carmakers in the Indian automobile hub of Chennai will be allowed to keep operating, the state government said on Saturday, amid protests by workers who fear catching Covid-19 in one of the country’s hardest-hit states.
29 May 2021, 18:00 PM

Colonial Pipeline says temporary network disruption resolved

Colonial Pipeline, the largest fuel pipeline in the United States, on Friday said it had resolved a temporary network disruption, just weeks after a ransomware attack crippled fuel delivery for several days in the southeast region.
29 May 2021, 18:00 PM

BSCIC to build online platform to sell small entrepreneurs’ goods

Small, cottage and medium entrepreneurs across the country will get an opportunity to sell their produce through the online marketing platform of Bangladesh Small and Cottage Industries Corporation (BSCIC).
29 May 2021, 18:00 PM

Pent-up demand, shortages fuel US inflation

US consumer prices surged in April, with a measure of underlying inflation blowing past the Federal Reserve’s 2 per cent target and posting its largest annual gain since 1992, because of pent-up demand and supply constraints as the economy reopens.
29 May 2021, 18:00 PM