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UAE exit from Opec to boost supply, lower oil prices
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Business
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Stocks swing, oil edges up with Iran war peace talks stalled
29 April 2026, 13:04 PM
Business
Italy woos Intel over chip plant
Rome is drawing up an offer to try to convince Intel to invest billions of euros in an advanced chipmaking plant in Italy, as Germany emerges as frontrunner to land an even bigger megafactory planned by the US company, three sources said.
24 October 2021, 18:00 PM
China to expand property tax trial to check speculation
China is set to expand pilot property tax reforms, state media reported, as the government battles real estate speculation in the world’s second-biggest economy.
24 October 2021, 18:00 PM
UK plans £8b of extra health and education spending
British finance minister Rishi Sunak plans a 5 billion pound ($6.9 billion) programme to fund health research and 3 billion pounds of extra funding for further education in next week’s budget, finance ministry officials said late on Saturday.
24 October 2021, 18:00 PM
Nigeria to launch digital currency
Nigeria will on Monday launch a digital currency, the eNaira, the central bank said, months after it barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies.
24 October 2021, 18:00 PM
Evergrande resumes work on over 10 property projects
China Evergrande Group said on Sunday it had resumed work on more than 10 projects in six cities including Shenzhen - a statement that comes after it appeared to avert default with a last-minute bond coupon payment last week.
24 October 2021, 18:00 PM
Desperate for employees, US businesses struggle to hire
To keep the taps at his recently opened beer tasting room flowing, Peter Chekijian had no choice but to ask his main employees to come in seven days per-week.
24 October 2021, 18:00 PM
US budget deficit falls to $2.8t
The US budget deficit narrowed slightly in the past year as the economy recovered from the pandemic, falling $360 billion to $2.8 trillion, the government reported Friday.
23 October 2021, 18:00 PM
Malaysia lifts migrant worker ban
Malaysia will let foreign workers back into the country after an almost 16-month hiatus due to the Covid-19 pandemic, and allow some tourists back to its resort island of Langkawi, its prime minister said on Friday.
23 October 2021, 18:00 PM
Eurozone growth slows as prices jump: survey
The recovery of the eurozone economy is losing steam, a closely watched survey said on Friday, with big supply chain problems at factories causing price hikes not seen in twenty years.
23 October 2021, 18:00 PM
UK retail sales extend slump
UK retail sales volumes dropped for a fifth month in a row during September, official data showed Friday, as the country suffers supply constraints and high prices.
23 October 2021, 18:00 PM
New Zealand to make banks report climate impact
New Zealand passed a law Thursday forcing banks to reveal the impact of their investments on climate change, describing it as a world-first move to make the financial sector’s environmental record more transparent.
21 October 2021, 18:00 PM
Supply bottlenecks, labour shortages slow US growth: Fed
Supply bottlenecks and labor shortages have slowed US economic growth and contributed to a sharp rise in prices, the Federal Reserve said Wednesday.
21 October 2021, 18:00 PM
British govt borrowing improves ahead of budget
UK government borrowing fell by more than expected in September but remains elevated on Covid, official data showed Thursday ahead of next week’s budget announcement.
21 October 2021, 18:00 PM
US bans Malaysian firm’s gloves over forced labour
The United States has barred imports from a Malaysian latex glove maker over alleged labour abuses, the latest firm from the country to face such a ban.
21 October 2021, 18:00 PM
UN launches cash plan to prop up Afghan economy
The United Nations on Wednesday launched a funding programme aimed at preventing the Afghan economy from collapsing during the winter by getting cash flowing through the local economy again.
21 October 2021, 18:00 PM
Oil prices rise
Oil prices rose on Tuesday, recouping earlier losses, as falling temperatures in China revived concerns about its ability to meet heating demand needs amid power and coal shortages.
19 October 2021, 18:00 PM
Afghanistan’s economic collapse could prompt refugee crisis: IMF
Afghanistan’s economy is set to contract up to 30 per cent this year and this is likely to further fuel a refugee crisis that will impact neighbouring countries, Turkey and Europe, the International Monetary Fund said on Tuesday.
19 October 2021, 18:00 PM
Challenges abound as Tata draws up a flight plan for Air India
Tata Sons’ $2.4 billion purchase of debt-ridden, government-owned Air India will give the conglomerate immediate access to valuable flying rights and landing slots that will help it claw back market share from foreign rivals.
19 October 2021, 18:00 PM
No fear of inflation ‘runaway train’: IMF chief
Global finance officials are worried about rising inflation pressures but there it is little fear that it will become a “runaway train,” IMF chief Kristalina Georgieva said Sunday.
18 October 2021, 18:00 PM
US supply chain woes to stretch into 2022: Biden admin
The US transportation secretary on Sunday warned that America’s supply chain woes including clogged ports will drag into next year, potentially cramping the upcoming holiday shopping season in the world’s largest economy.
18 October 2021, 18:00 PM