Euro zone business growth hits three-year high but ECB cautious

Euro zone business growth accelerated at its fastest pace in over three years in May, a survey showed on Friday, but European Central Bank President Christine Lagarde said an uncertain recovery still needed emergency support from the ECB.
22 May 2021, 18:00 PM

US manufacturing accelerates

US factory activity gathered speed in early May amid strong domestic demand, but backlogs of uncompleted work are piling up as manufacturers struggle to find raw materials and labor, boosting costs for both businesses and consumers.
22 May 2021, 18:00 PM

Flared natural gas latest prize in bitcoin miners’ energy quest

As the value of bitcoin soars and concerns rise about the energy-intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas.
16 May 2021, 18:00 PM

Taiwan urges no panic buying amid new Covid rules

Taiwan appealed to people to avoid panic buying of items such as instant noodles and toilet paper as new curbs on gatherings and movement took effect to rein in the spread of Covid-19 during a spike in domestic infections.
16 May 2021, 18:00 PM

US fuel crisis eases as pipeline returns to normal after hack

Widespread gasoline shortages along the US East Coast began to ease slightly on Saturday as the operator of the nation’s biggest fuel pipeline said it was back to delivering “millions of gallons per hour” following last week’s cyberattack.
16 May 2021, 18:00 PM

Job fears, price spikes mean heartburn for Biden

High unemployment. Rising prices. Gas lines.
16 May 2021, 18:00 PM

Less than 3pc of US small businesses could face tax hikes under Biden plan

Less than 3 per cent of the roughly 30m small-business owners in the United States could face tax increases under President Joe Biden’s jobs and infrastructure plan, according to a new analysis by the White House on Friday.
16 May 2021, 18:00 PM

Merkel rejects bringing forward Germany’s exit from coal

German Chancellor Angela Merkel on Saturday rejected demands to bring forward an exit date for ending coal generation in Germany, currently set at 2038.
16 May 2021, 18:00 PM

US retail sales flat, inflation fears on the rise

The US economic recovery showed signs of hitting some turbulence as shoppers curbed their spending last month and manufacturing slowed due to supply bottlenecks.
16 May 2021, 18:00 PM

Myanmar’s junta approves $2.8b investment

Myanmar’s military rulers have approved new investment in projects worth nearly $2.8b, including a liquefied natural gas (LNG) power plant that will cost $2.5b, the country’s investment body said.
9 May 2021, 18:00 PM

Oil notches second weekly gain despite India virus surge

Oil edged up slightly on Friday even as the Covid-19 crisis in India worsened, and prices notched a second weekly gain against the backdrop of optimism over a global economic recovery.
9 May 2021, 18:00 PM

Merkel urges US to export Covid vaccines

German Chancellor Angela Merkel on Saturday urged the United States to export coronavirus vaccines made on its soil, as she rejected a patent waiver call from Washington for the jabs.
9 May 2021, 18:00 PM

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

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

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