Ford recalls nearly 617,000 US Explorer SUVs

Ford Motor Co is recalling nearly 617,00 Explorer sport utility vehicles in the United States at the request of regulators because retention pins could loosen and allow roof rail covers to detach from the vehicle.
9 May 2021, 18:00 PM

African nations gear up to polish image at Dubai Expo

African nations are attending this year’s Dubai Expo 2020 in force, hoping to project an image of a modern and ambitious continent and shed stereotypes of conflict and underdevelopment.
9 May 2021, 18:00 PM

Cyber attack shuts down US fuel pipeline network

Top US fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the US East Coast’s fuel supply, after a cyber attack on Friday that involved ransomware.
9 May 2021, 18:00 PM

China export tops forecasts, import growth best in 10yrs

Chinese exports grew at a forecast-busting rate last month, data showed Friday, while imports surged at their strongest in a decade as the global economy bounces back from the pandemic crisis and domestic consumption recovers.
8 May 2021, 18:00 PM

Microsoft pledges to store European cloud data in EU

US tech giant Microsoft pledged Thursday to process and store all European cloud-based client data in the European Union amid unease in the region over the reach of US legislation on personal data collection.
6 May 2021, 18:00 PM

Courier services brought under banking umbrella

Bangladesh Bank yesterday allowed courier service providers (CSPs) to use banking channels to settle payments for their services.
6 May 2021, 18:00 PM

US service sector sees long-awaited relief as economy reopens

After a year of layoffs and uncertainty, data released on Wednesday showed the US service sector adding jobs and expanding in April, as the world’s largest economy bounces back from the worst of the Covid-19 pandemic.
6 May 2021, 18:00 PM

EU sets plan to promote rapid green transition of key industries

The European Union aims to help industries slash greenhouse gas emissions by promoting a rapid expansion of investment in low-carbon technologies, partly through schemes with easier state aid rules, according to a draft policy plan seen by Reuters.
5 May 2021, 18:00 PM

How will Bill and Melinda Gates’ divorce impact their charity?

The shock announcement that billionaire philanthropists Bill and Melinda Gates are to divorce after 27 years of marriage has raised questions about the future of their hugely influential charity.
5 May 2021, 18:00 PM

G7 works on vaccine plan after pleas to help poor

The Group of Seven wealthy democracies on Wednesday worked on plans to scale up global Covid-19 vaccinations, as calls mounted for a drastic increase in funding to help developing nations virtually shut out of early efforts.
5 May 2021, 18:00 PM

UK, India to start formal FTA talks within months

Britain and India will begin formal free trade deal talks later this year, the UK government said Tuesday, after they agreed an initial package to boost bilateral trade and investment.
4 May 2021, 18:00 PM

US to see growth boom

The US economy is likely to see its fastest growth in nearly four decades this year, but the short-term inflation spike that will come with the rebound is not a cause for concern, a top Federal Reserve official said Monday.
4 May 2021, 18:00 PM

Digital Dollar Project to launch five US central bank digital currency pilots

The US nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a US central bank digital currency, the first effort of its kind in the United States.
3 May 2021, 18:00 PM

US Treasury’s Yellen tamps down inflation fears over Biden spending plan

US Treasury Secretary Janet Yellen on Sunday tamped down concerns that President Joe Biden’s plans for infrastructure, jobs and families will cause inflation, saying the spending will be phased in over a decade.
3 May 2021, 18:00 PM

Warren Buffett’s Berkshire Hathaway faces headwinds

Some Berkshire Hathaway shareholders are grappling with how Warren Buffett’s conglomerate will handle a thicket of post-pandemic challenges, including looming inflation, a dearth of acquisitions and demands for more environmental and social disclosures.
3 May 2021, 18:00 PM

US oil giants return to profitability in Q1

After a string of losses, ExxonMobil and Chevron on Friday both reported a return to profitability in the first quarter, bolstered by a significant jump in oil prices.
2 May 2021, 18:00 PM

Stimulus boosts US consumer spending; inflation warming up

US consumer spending rebounded in March amid a surge in income as households received additional Covid-19 pandemic relief money from the government, building a strong foundation for a further acceleration in consumption in the second quarter.
2 May 2021, 18:00 PM

Warren Buffett says US economy’s unexpected strength benefits Berkshire

Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a US economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash.
2 May 2021, 18:00 PM

Profit-taking hits US stocks, recession hobbles Europe

US markets were hit by a bout of profit-taking on Friday, while in Europe data confirming the eurozone is back in recession dampened investor enthusiasm.
2 May 2021, 18:00 PM

German jobless rate holds steady in April

Germany’s unemployment rate stayed stable at six percent in April, the federal labour agency said Thursday, even as a third coronavirus wave forced new restrictions in Europe’s top economy.
29 April 2021, 18:00 PM