Indonesia warns coal supply crunch not over

Indonesia has warned that its coal supply situation remains critical, ahead of Wednesday’s review of its export ban, unnerving global markets for the fuel used to generate most of the electricity that drives Asia’s biggest economies.
4 January 2022, 18:00 PM

UK tightens takeover rules

Britain on Tuesday rolled out new rules to make it harder for foreign firms to buy UK assets amid national security concerns surrounding proposed takeovers by Chinese and US groups.
4 January 2022, 18:00 PM

Tesla criticised for opening showroom in Xinjiang

Tesla’s announcement that it has opened a showroom in Xinjiang has attracted criticism from US rights and trade groups, making it the latest foreign firm caught up in tensions related to the far-western Chinese region.
4 January 2022, 18:00 PM

China to order reviews for firms seeking overseas listings

China said on Tuesday it will put in force new rules to increase its oversight of plans by Chinese platform firms to list on overseas stock markets in the latest move to tighten its grip on its sprawling technology sector.
4 January 2022, 18:00 PM

Spain’s jobless number posts record fall

The number of registered jobless in Spain posted a record drop in 2021 as the relaxation of pandemic restrictions boosted its key tourism sector, official statistics showed Tuesday.
4 January 2022, 18:00 PM

Algeria energy firm to invest $40b in five years

Algeria’s state-owned hydrocarbon firm Sonatrach will invest $40 billion into oil exploration, production and refinement as well as gas prospecting and extraction between 2022 and 2026, CEO Toufik Hakkar said Monday.
4 January 2022, 18:00 PM

Evergrande shares rise after day-long trading suspension

Shares in embattled Chinese property giant Evergrande rallied on Tuesday after a day-long suspension, as the company confirmed it had been ordered to demolish part of a resort in Hainan province.
4 January 2022, 18:00 PM

German unemployment declines in December

Germany’s joblessness rate fell slightly in December despite the return of health restrictions to tackle a new wave of coronavirus cases, official figures published Tuesday showed.
4 January 2022, 18:00 PM

Apple becomes 1st US company to reach $3t valuation

Apple became the first US company to hit $3 trillion in market value, briefly reaching the landmark on Monday in the latest demonstration of the tech industry’s pandemic surge.
4 January 2022, 18:00 PM

Troubled Evergrande suspends share trading again

Embattled Chinese developer giant Evergrande announced Monday it was once again suspending trading of its shares in Hong Kong ahead of an announcement.
3 January 2022, 18:00 PM

S Korea factory activity quickens

Activity in South Korea’s factories expanded at the fastest pace in three months in December but the economy struggled to gather momentum as rising global coronavirus cases and continued supply constraint weighed on production and overseas demand.
3 January 2022, 18:00 PM

Bitcoin faces uncertain 2022

The price of bitcoin hit record highs in 2021 thanks to support from traditional finance, but cryptocurrency specialists are struggling to predict next year’s outcome for the volatile sector.
3 January 2022, 18:00 PM

Germany welcomes EU green energy plan on gas

Germany on Sunday welcomed a plan by the European Union to label some natural gas energy projects as “green” investments, but stressed its opposition to a proposal to do the same for nuclear power projects.
3 January 2022, 18:00 PM

Indonesia’s coal export ban rattles global market

Indonesian coal miners are seeking a quick resolution to a government coal export ban that is already causing fuel prices to rise and could disrupt the energy needs of some of the world’s biggest economies.
3 January 2022, 18:00 PM

Singapore economy rebounds from recession

Singapore’s economy grew 7.2 per cent last year, rebounding from its worst recession since independence sparked by the coronavirus pandemic, government data showed Monday.
3 January 2022, 18:00 PM

2021 GDP growth of Singapore fastest in over 10-years

Singapore's economy expanded at its fastest annual pace in over a decade in 2021 as the country emerged from its worst recession on record, caused by the deep hit to activity from the coronavirus pandemic.
3 January 2022, 07:47 AM

Turkey inflation highest in decade

Inflation soared by the most in at least a decade in Turkey’s biggest city Istanbul last month, according to data on Saturday, and President Tayyip Erdogan’s government sharply raised nationwide electricity and natural gas prices for the new year.
2 January 2022, 18:00 PM

UK seeks to mitigate workforce disruption

The British government has asked public sector managers to test their contingency plans against a worst-case scenario of 25 per cent staff absence as part of efforts to minimise disruption from the rapid spread of the Omicron variant of Covid-19.
2 January 2022, 18:00 PM

Philippines limits business over Omicron

The Philippines will impose tighter curbs in the capital region for the next two weeks, the acting presidential spokesperson said recently, to try to limit infections by the Omicron coronavirus variant that is spreading globally.
2 January 2022, 18:00 PM

Russian oil output recovers in 2021 after slump

Russia’s annual oil production rose by more than 2 per cent last year thanks to the easing of output cuts by the OPEC+ group of leading oil producers after a pandemic-induced decline in 2020, data showed on Sunday.
2 January 2022, 18:00 PM