Omicron surge roils US small businesses

Phillip Howard pointed toward a stack of black ski pants piled atop a counter in his winter sports shop as evidence of the hurdles small business owners still face as the pandemic drags on.
17 January 2022, 18:00 PM

Russia fines Google for not deleting banned content

A Moscow court on Tuesday fined Alphabet Inc’s Google a total of 14 million roubles ($190,398) for violating Russian rules on banned content, the penalty coming amid a wider stand-off between Russia and Big Tech companies.
17 January 2022, 18:00 PM

10 richest men doubled wealth as global inequality soared during pandemic: Oxfam

The world's 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday.
17 January 2022, 05:40 AM

US oil and gas M&A activity slows in Q4

Dealmaking in the US oil and gas industry halved in value in the fourth quarter from the third, with the annual total falling short of the pre-pandemic average, according to data published by analytics firm Enverus on Thursday.
16 January 2022, 18:00 PM

China’s Q4 GDP growth seen hitting 18-month low

China’s economy likely grew at the slowest pace in 1-1/2 years in the fourth quarter, dragged by weaker demand due to a property downturn, curbs on debt and strict Covid-19 measures, raising heat on policymakers to roll out more easing steps.
16 January 2022, 18:00 PM

Higher costs hit JPMorgan Chase

Higher labor costs bit into JPMorgan Chase’s fourth-quarter results, but the US bank still reported on Friday record annual profits of $48.3 billion.
16 January 2022, 18:00 PM

IMF urges ‘deep reforms’ to Tunisian economy

Tunisia’s crisis-stricken economy needs  “deep reforms” such as slashing its vast public wage bill, the International Monetary Fund’s outgoing country chief has said as the government seeks a new bailout.
16 January 2022, 18:00 PM

Banks are paying up for talent as hiring is competitive

Banks are facing cutthroat competition to hire and are being forced to pay more to recruit and keep talent, with both Citigroup Inc and JPMorgan Chase & Co saying they are having to pay competitively for top people.
16 January 2022, 18:00 PM

China, US trade relations normal

Economic and trade relations between China and the United States are mutually beneficial and China hopes the US can create favorable conditions for the two nations to expand their trade cooperation, the Ministry of Commerce said on Thursday.
16 January 2022, 18:00 PM

Oil price spike leaves limited options for Biden

Two months after US President Joe Biden announced an unprecedented effort among major oil consuming economies to work together to bring down rising fuel prices, prices are again approaching multi-year highs. And Biden has few options to stop the rally.
16 January 2022, 18:00 PM

Bhutan GDP growth to rebound to 5.1pc

The Bhutanese economy is expected to grow by 5.1 per cent in the financial year 2021-22, according to the World Bank’s “Global Economic Prospects” report, released on January 11.
16 January 2022, 18:00 PM

US grocery shortages deepen as pandemic dries supplies

High demand for groceries combined with soaring freight costs and Omicron-related labor shortages are creating a new round of backlogs at processed food and fresh produce companies, leading to empty supermarket shelves at major retailers across the United States.
16 January 2022, 18:00 PM

China’s economy grows 8pc in 2021

China’s economy expanded at its fastest pace for 10 years in 2021, according to an AFP poll of analysts, but its strong recovery from the Covid-19 pandemic is threatened by Omicron and a property sector slowdown.
15 January 2022, 18:00 PM

Google buys London office complex for $1b

Google on Friday agreed to buy a central London building complex for $1 billion, but stressed it remained committed to new hybrid working patterns in the wake of Covid.
15 January 2022, 18:00 PM

Global crypto funds post sharp gains

Global cryptocurrency funds racked up steep gains last year after most digital currencies soared in price, led by bitcoin and ether amid strong institutional interest and greater acceptance from regulators worldwide, according to BarclayHedge, a division of Backstop Solutions
15 January 2022, 18:00 PM

US industrial output slows in December

A downturn in the US manufacturing sector in the final month of 2021, notably the hard-hit auto sector, caused overall industrial output to dip in December, the Federal Reserve said Friday.
15 January 2022, 18:00 PM

India, UK start post-Brexit trade talks

Britain and India began hammering out a post-Brexit trade deal on Thursday, with London seeking a cut in tariffs on Scotch whisky and greater access to the Asian giant’s services and tech sectors.
13 January 2022, 18:00 PM

D-8 to develop climate-smart farm tech

The member countries of D-8, an alliance of eight developing countries, have agreed to Bangladesh’s proposal to take up a ‘multinational integrated project’ for the development of climate-smart agricultural technology.
13 January 2022, 18:00 PM

Omicron causes drop in airline ticket sales

Airline ticket sales fell sharply at the end of 2021, the International Air Transport Association (IATA) said Wednesday, blaming governments for having “over-reacted” to the Omicron Covid variant by closing borders.
13 January 2022, 18:00 PM

US budget deficit falls 34pc in Oct-Dec

The US budget deficit shrank in the first three months of the fiscal year amid a surge in taxes paid by individuals and corporations, the Treasury Department said Wednesday.
13 January 2022, 18:00 PM