Pandemic fuels online exercise boom

Interactive comment sections and virtual reality headsets: internet-connected fitness gear and services have boomed during the pandemic as at-home athletes seek a proxy for gym life.
9 January 2022, 18:00 PM

Europe nuclear plants need 500b euro investment by 2050

The European Union will need to invest 500 billion euros ($568 billion) in new generation nuclear power stations from now until 2050, the bloc’s internal market commissioner said in an interview published at the weekend.
9 January 2022, 18:00 PM

Amazon files new legal challenges in dispute with Future Group

Amazon.com Inc has filed fresh legal challenges in its long-running dispute with Indian retailer Future Group after the national antitrust agency suspended a 2019 deal between the two sides, leading to a halt in their arbitration, four sources told Reuters on Sunday.
9 January 2022, 18:00 PM

Self-driving race cars zip into history at CES

A racecar with nobody at the wheel snaked around another to snatch the lead on an oval track at the Consumer Electronics Show in Las Vegas Friday in an unprecedented high-speed match between self-driving vehicles.
9 January 2022, 18:00 PM

Oil prices jump over Kazakhstan unrest

Unrest in OPEC+ member Kazakhstan has pushed up oil prices as investors fear supply interruptions, but the uranium market appears less affected despite the Central Asian country being the world’s second largest producer.
9 January 2022, 18:00 PM

Anti-graft agency probes China insurance tycoon

The chairman of China’s biggest insurer is under investigation by the Communist Party’s anti-corruption commission, the agency said Saturday, as the government pushes a campaign against graft and a clean-up of the country’s chaotic financial industry.
8 January 2022, 18:00 PM

Fed will tackle inflation, says Biden

With US inflation high and the Federal Reserve expected to hike interest rates within months, President Joe Biden said on Friday he had faith in the central bank’s ability to manage price increases.
8 January 2022, 18:00 PM

Omicron slams UK retail recovery

Restrictions imposed in the wake of the Omicron coronavirus variant have  “wiped out” much of a recent recovery enjoyed by UK bricks-and-mortar stores, the British Retail Consortium revealed Friday.
8 January 2022, 18:00 PM

Hard times loom for US economy

The US economy ended 2021 on a sour note with a worse-than-expected employment report that underscored the challenges awaiting President Joe Biden in the new year as the Omicron variant runs rampant and his legislative agenda stalls.
8 January 2022, 18:00 PM

Japan’s service sector activity growth eases

Japan’s services sector activity expanded at a slower pace in December as growth in new and outstanding business softened and expectations for the 12 months ahead eased to a four-month low.
6 January 2022, 18:00 PM

Indonesia scraps huge mining, coal permits

Indonesia on Thursday revoked thousands of permits for mining, coal and forestry as the government battles to rein in its vast resources sector.
6 January 2022, 18:00 PM

Indonesia to review coal export ban

Indonesian coal miners were due to hold talks with government officials on Wednesday on a ban on the country’s coal exports that has unnerved global markets for the fuel and triggered energy security concerns in some major economies.
5 January 2022, 18:00 PM

Germany may clamp down on Google activities

Germany’s antitrust regulator on Wednesday classified Google a company of “paramount significance across markets”, a move paving the way for the authorities to clamp down on any potentially anti-competitive activities.
5 January 2022, 18:00 PM

Do 5G telecoms pose a threat to airline safety?

US telecom companies and airlines have been fighting for weeks over the potential impact of 5G wireless services on aircraft, in stark contrast to the rollout of new-generation services elsewhere, which has broadly gone ahead without airing new safety concerns.
5 January 2022, 18:00 PM

Japan tuna goes for $145,000

The buyer of a $145,000 tuna at Tokyo’s traditional New Year auction said Wednesday he hoped the purchase would “brighten” a Covid-hit 2022.
5 January 2022, 18:00 PM

US financial firms tighten Covid-19 precautions

US financial firms have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron coronavirus variant.
5 January 2022, 18:00 PM

Euro zone recovery stumbles

The euro zone’s economic recovery stuttered in December as a renewed wave of Covid-19 infections curtailed growth in the bloc’s dominant service industry, a survey showed on Wednesday, and could weaken further if tighter restrictions are imposed.
5 January 2022, 18:00 PM

Oil slips below $80

Oil prices slipped below $80 a barrel on Wednesday after OPEC+ producers stuck to an agreed output target rise for February and investors assessed the impact of a spike in Covid-19 cases caused by the Omicron variant.
5 January 2022, 18:00 PM

Oil prices steady ahead of Opec+ meeting

Oil prices were largely steady on Tuesday as investors expected major producers to agree to stick to their planned output increase at their meeting later in the day amid diminishing concerns over the spread of the Omicron variant of Covid-19.
4 January 2022, 18:00 PM

Sri Lanka unveils relief package as food prices soar

Sri Lanka unveiled a $1.1 billion targeted relief package Tuesday to help consumers pay soaring food costs as an economic crisis bites.
4 January 2022, 18:00 PM