Sri Lanka raises fuel prices as inflation spikes
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UK retail sales drop as more consumers eat out: data

British retail sales fell last month as the grocery sector was hit by people returning to restaurants and pubs after virus curbs were lifted, data showed Friday.
18 September 2021, 18:00 PM

India antitrust probe finds Google abused Android dominance

Google abused the dominant position of its Android operating system in India, using its “huge financial muscle” to illegally hurt competitors, the country’s antitrust authority found in a report on its two-year probe seen by Reuters.
18 September 2021, 18:00 PM

Bumpy road as ageing Japan bets on self-driving cars

With an ageing population in need of transport, Japan is betting on autonomous cars, but an accident involving a self-driving showcase at the Paralympics illustrates the challenges ahead.
16 September 2021, 18:00 PM

Futures inch lower ahead of unemployment, retail sales data

US stock index futures fell slightly on Thursday after a strong rally in the previous session, with investor focus shifting to upcoming data on jobless claims and retail sales for a better reading on the ongoing economic recovery. 
16 September 2021, 18:00 PM

40pc of UK companies face recruitment difficulties

British businesses have reported a sharp rise in recruitment difficulties within the space of just a few weeks - partly as a result of a continued lack of European Union workers, official figures showed on Thursday.
16 September 2021, 18:00 PM

China’s biotech sector comes of age

If investors in China’s biotech industry needed one more sign that the sector is coming of age, then a major licensing deal RemeGen Co Ltd struck last month with Seattle-based Seagen Inc fits the bill. 
16 September 2021, 18:00 PM

India launches $3.5b incentives for green cars

India will splash 257 billion rupees ($3.5 billion) on incentives for the auto sector to boost production of clean cars, the government said Wednesday, as it seeks to cut greenhouse gas emissions as part of the Paris climate accord.
16 September 2021, 18:00 PM

US pandemic aid boosted incomes in 2020: govt

Massive US government stimulus payments during the Covid-19 pandemic last year boosted household income and lowered the share of Americans living in poverty, according to government data analysis released Tuesday.
15 September 2021, 18:00 PM

Chevron plans new ‘lower carbon’ ventures

Facing pressure from environmentalists, Chevron boosted spending Tuesday for  “lower carbon” ventures and unveiled plans to reduce emissions from its operations in a pitch that drew shrugs from climate activists.
15 September 2021, 18:00 PM

China’s factories, retailers stumble on Covid disruptions

China’s factory and retail sectors faltered in August with output and sales growth hitting one-year lows as fresh coronavirus outbreaks and supply disruptions threatened the country’s impressive economic recovery.
15 September 2021, 18:00 PM

Asian markets struggle for traction

Investors trod cautiously in early Asian trade Tuesday as they awaited US inflation data that could play a key role in determining when the Federal Reserve will start winding down its market-supporting monetary policy.
14 September 2021, 18:00 PM

German firms to keep supporting Bangladesh’s growth: envoy

German companies operating in Bangladesh would continue to contribute to the impressive growth trajectory of the country, said Achim Tröster, the newly-appointed ambassador of Germany.
14 September 2021, 18:00 PM

US, EU pursuing global deal to slash planet-warming methane

The United States and the European Union have agreed to aim to cut emissions of the planet-warming gas methane by around a third by the end of this decade and are pushing other major economies to join them, according to documents seen by Reuters.
14 September 2021, 18:00 PM

Vaccines set to unleash pent-up oil demand: IEA

After three months of decline in global oil demand, Covid-19 vaccine roll-outs are set to unleash thirst for oil stymied by pandemic restrictions especially in Asia, the International Energy Agency (IEA) said on Tuesday.
14 September 2021, 18:00 PM

Chinese envoy to US urges stable commercial ties

China’s new ambassador to the United States called on Monday for stable and constructive commercial ties between the world’s two biggest economies, even as they struggle to resolve political and trade differences, a trade group said.
14 September 2021, 18:00 PM

Britain delays implementation of post-Brexit trade controls

Britain said on Tuesday it was delaying the implementation of some post-Brexit import controls, the second time they have been pushed back, citing pressures on businesses from the pandemic and global supply chain strain.
14 September 2021, 18:00 PM

UK employee numbers surge above pre-pandemic level

British employers added a record 241,000 staff to their payrolls last month, lifting the total number of payrolled employees just above the level they were before Britain first went into a Covid-19 lockdown last year, official data showed on Tuesday.
14 September 2021, 18:00 PM

Oil rises to one-week high as US supply concerns dominate

Oil rose more than 1 per cent on Monday, supported by concerns over shut output in the United States because of damage from Hurricane Ida, with analysts expecting prices to remain rangebound in a stable market over the coming months.
13 September 2021, 18:00 PM

Sydney Airport sale a step closer after improved $17.4b offer

A sale of Australia’s greatest airport moved nearer on Monday as an infrastructure investor group gained permission to conduct due diligence on Sydney Airport Holdings Pty Ltd, after sweetening its takeover provide to A$23.6 billion ($17.four billion).
13 September 2021, 18:00 PM

Biden has a chance to make Fed’s board look more like America

As US President Joe Biden assesses whether to reappoint Federal Reserve Chair Jerome Powell and nominate as many as three others to the central bank’s powerful board, he has the opportunity to revamp a leadership team long criticized for being too white and too male. 
13 September 2021, 18:00 PM