Wheat export ban: Rain might rot 1.7m tonnes at Indian ports

India has allowed wheat shipments of 469,202 tonnes since banning most exports last month, but at least 1.7 million tonnes is lying at ports and could be damaged by looming monsoon rains, government and industry officials told Reuters.
3 June 2022, 06:07 AM

Alibaba shares fall 9% after Chinese man named 'Ma' arrested

Alibaba shares fell as much as 9% on Tuesday after a state media report that Chinese authorities had taken action against an individual surnamed Ma, but recouped losses after the report was revised to make clear it was not the company's founder.
5 May 2022, 11:53 AM

German business confidence rises in Feb

The German business climate improved again in February, survey data published Tuesday showed, despite the aggravation of the crisis in Ukraine and persistent supply chain issues.
22 February 2022, 18:00 PM

Pfizer's Covid item sales expected to top $50 billion in 2022

Pfizer Inc said on Tuesday it expects 2022 sales of its Covid-19 vaccine and antiviral pill to top $54 billion, but that fell short of lofty Wall Street estimates and its shares were off about three percent.
9 February 2022, 03:15 AM

Landmark global corporate tax deal finally finds agreement

A group of 136 countries on Friday set a minimum global tax rate of 15% for big companies and sought to make it harder for them to avoid taxation in a landmark deal that US President Joe Biden said levelled the playing field.
8 October 2021, 20:02 PM

Indonesia clings to coal despite green vision

Even as Indonesia wins cautious praise from some green groups for ambitious plans to cut carbon emissions, the world’s biggest exporter of thermal coal shows no sign of weaning itself off the polluting fuel any time soon.
20 September 2021, 18:00 PM

Global business summit in Dubai on Sept 29-30

The two-day 2nd Global Business Summit 2021 will be held on September 29-30 in Dubai, the UAE, with an aim to harness business opportunities for Bangladeshi entrepreneurs and aid the country’s overall development.
31 August 2021, 18:00 PM

US Senate passes bill to ban all products from China's Xinjiang

The US Senate passed legislation on Wednesday to ban the import of products from China's Xinjiang region, the latest effort in Washington to punish Beijing for what US officials say is an ongoing genocide against Uyghurs and other Muslim groups.
15 July 2021, 02:58 AM

All G20 members on board with tax deal: Germany

The G20 has made big progress on reforming business tax, with every member of the club of large economies backing a deal to stop multinationals shifting profits to low-tax havens, German Finance Minister Olaf Scholz said on Saturday.
11 July 2021, 18:00 PM

China condemns US economic blacklist

China said on Sunday it “resolutely opposes” the addition of 23 Chinese entities to a US economic blacklist over issues including alleged human rights abuses and military ties.
11 July 2021, 18:00 PM

Multinationals tax shift unlikely until 2022: Yellen

US Treasury Secretary Janet Yellen on Sunday said that a newly endorsed mechanism to allow more countries to tax large, highly profitable multinational companies may not be ready for consideration by lawmakers until spring 2022.
11 July 2021, 18:00 PM

Economies remain fragile

China’s decision on Friday to give its economy a 1 trillion yuan ($154 billion) shot in the arm has given investors a reminder that even the largest economies are likely to the need the occasional pick-me-up while the coronavirus pandemic lasts. 
10 July 2021, 18:00 PM

Biden signs order to tackle corporate abuses

President Joe Biden signed a sweeping executive order on Friday to promote more competition in the US economy, urging agencies to crack down on anti-competitive practices in sectors from agriculture to drugs and labor. 
10 July 2021, 18:00 PM

US, Canada raise concern over Mexico energy, investment climate

Trade ministers from the United States and Canada expressed concern on Wednesday about Mexico’s energy policies, as they met with their Mexican counterpart to mark the one-year anniversary of a regional trade pact.
8 July 2021, 18:00 PM

World food prices fall in June for first time in a year: FAO

World food prices fell in June for the first time in 12 months, pushed lower by declines in vegetable oils, cereals and dairy products, the United Nations food agency said on Thursday.
8 July 2021, 18:00 PM

Asian companies see smallest earnings upgrade in 12 months

Asian firms received their smallest upgrade in 12 months in June, hit by a resurgence of Covid-19 infections in the region which prompted new restrictions on people’s movement to curb fresh coronavirus outbreaks. 
8 July 2021, 18:00 PM

Limited capacity, logistics to slow Chinese bitcoin miners’ global shift

Large bitcoin miners fleeing China to escape a state crackdown will take many months to start operating again, as data centres from Texas to Siberia scramble to secure space and power for them, while many smaller players may struggle to move at all. 
7 July 2021, 18:00 PM

EU urges UK to accept Swiss-style deal to end agri-food standoff

The European Union urged London on Tuesday to consider a Swiss-style veterinary agreement with Brussels on agri-foods to end a post-Brexit 'sausage war' row over certain goods moving between Britain and its province of Northern Ireland.
7 July 2021, 18:00 PM

China to boost steel scrap use by 23pc in next five years

China plans to increase its use of steel scrap by 23 per cent to 320 million tonnes by 2025 and to increase production of recycled nonferrous metals, in an effort to ensure supplies and to meet the country's climate commitments.
7 July 2021, 18:00 PM

Boost to clean energy investment could drive 10m new green jobs

From offshore wind farms in Britain to floating solar power plants in Vietnam, about 13,000 renewable energy projects in nearly 50 countries are waiting for finance - and could create up to 10 million green jobs, consultancy EY-Parthenon said on Wednesday.
7 July 2021, 18:00 PM