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Eurozone growth slows: survey

Economic growth in the eurozone stumbled in September, a closely watched survey said Thursday, as supply chain bottlenecks, high prices and the spread of the coronavirus Delta variant hurt output.
23 September 2021, 18:00 PM

ADB cuts Asia growth forecast on slow vaccine rollout

The Asian Development Bank warned of  “lasting scars” from the coronavirus pandemic as it cut its 2021 growth forecast for developing Asia on slow vaccination rates, surging infections and crippling lockdowns.
22 September 2021, 18:00 PM

BOJ to keep stimulus as deflation risks cloud outlook

The Bank of Japan was expected to keep monetary policy steady on Wednesday as weak growth and deflation risks remain primary concerns, in contrast to major counterparts eyeing a withdrawal of crisis-mode support for their economies.
22 September 2021, 18:00 PM

China’s high-tech push seeks to reassert global factory dominance

At a factory in China’s north, workers are busy testing an automated vehicle designed to move bulky items around industrial spaces, one of a new generation of robots Beijing wants to shift the country’s manufacturing up the value chain.
22 September 2021, 18:00 PM

IMF execs meet over charges boss changed data to favour China

The International Monetary Fund’s board of directors met Tuesday over charges that its director, Kristalina Georgieva, pressured staff in 2017 when she was the World Bank CEO to change data in a key ranking report to paint China in a more positive light.
22 September 2021, 18:00 PM

Taliban expand economic team

Afghanistan’s Taliban government bolstered its economic team on Tuesday, naming a commerce minister and two deputies as the group tries to revive a financial system in shock from the abrupt end to billions of dollars in foreign aid.
22 September 2021, 18:00 PM

German auto giants place their bets on hydrogen cars

Battery power may be the frontrunner to become the car technology of the future, but don’t rule out the underdog hydrogen.
22 September 2021, 18:00 PM

Taliban names Afghan UN envoy, asks to address General Assembly

The Taliban have asked to address world leaders at the United Nations in New York this week and nominated their Doha-based spokesman Suhail Shaheen as Afghanistan's UN ambassador, according to a letter seen by Reuters on Tuesday.
22 September 2021, 04:32 AM

US Democrats unveil plans to suspend debt limit

Democratic congressional leaders on Monday unveiled plans to suspend the nation’s borrowing limit, following a White House warning of  “economic catastrophe” unless that ceiling is raised.
21 September 2021, 18:00 PM

UK rules out gas supply emergency as prices soar

Britain’s government does not expect a gas supply emergency during the winter as soaring prices threaten energy groups, Business Secretary Kwasi Kwarteng insisted on Monday.
21 September 2021, 18:00 PM

Global stocks sink on Evergrande contagion fears

World stocks sank Monday as trading floors were gripped by contagion fears from the expected collapse of debt-plagued Chinese property giant Evergrande, with investors also on red alert over spiking wholesale gas costs.
21 September 2021, 18:00 PM

Electric vehicles may cut global refining capacity demand

A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world’s oil refining capacity by half in 2050, consultancy Rystad Energy says. 
21 September 2021, 18:00 PM

Britain may give state loans to energy companies

Britain is considering offering state loans to energy companies that take on customers from firms which go bust due to soaring wholesale natural gas prices, Business Secretary Kwasi Kwarteng said on Tuesday.  
21 September 2021, 18:00 PM

Airline sector relieved over lifting of US travel ban

The United States’ decision to lift restrictions on incoming travellers vaccinated against Covid-19 was met with a sigh of a relief by the global airline sector, which has been dealt a body blow by the pandemic.
21 September 2021, 18:00 PM

OECD lowers global, US economic growth forecasts

The OECD warned Tuesday of an  “uneven” global economic recovery as it lowered its 2021 growth forecasts for the world and the United States while raising the outlook for Europe.
21 September 2021, 18:00 PM

Chinese property magnate loses $1b in Evergrande panic

The boss of a Shanghai-based property developer lost more than a billion dollars Monday, as fears over the potential collapse of Chinese real estate giant Evergrande sent panic across Hong Kong trading floors.
20 September 2021, 18:00 PM

Zara owner Inditex outshines H&M as sales top pre-pandemic levels

Fashion brand Zara owner Inditex has outpaced Swedish rival H&M in its efforts to bounce back from the coronavirus crisis, with second-quarter sales rising above pre-pandemic levels.
20 September 2021, 18:00 PM

Puma to expand Bangladesh footprint

Just two years after first entering the Bangladesh market, German sportswear giant Puma is going to further expand its horizon in the country.
20 September 2021, 18:00 PM

Honda targets annual sales of 70,000 Prologue electric vehicles in US

Honda Motor Co’s US unit said on Monday it is targeting initial annual sales of 70,000 for its planned electric Prologue sport utility vehicle when it goes to market in 2024.
20 September 2021, 18:00 PM

Wall St tumbles on growth worries

Wall Street’s main indexes tumbled on Monday, as concerns about the pace of a global recovery hit economy-linked stocks at the start of a week in which the Federal Reserve will decide on potentially tapering its pandemic-era stimulus.
20 September 2021, 18:00 PM