UK to probe systematic bias in medical devices tech

Britain’s health secretary announced Sunday he has launched an independent review to examine if “systematic bias” exists in the development of medical devices, after Covid-19 brought the issue “to the fore”.
21 November 2021, 18:00 PM

Australian fruit farmers face harvest headache

In near-perfect conditions, thanks to abundant rain and healthy trees, Australian fruit grower Michael Cunial’s cherry orchard looks set to yield a bumper crop. He has just one problem: the harvest.
21 November 2021, 18:00 PM

UK inflation could be elevated for longer: BoE

Bank of England Governor Andrew Bailey said his concern on the inflation outlook is that it could be  “elevated for longer” but there is also a chance that inflation does not prove as persistent as feared.
21 November 2021, 18:00 PM

India police charge Amazon execs over online drug sales

Indian police have charged executives from Amazon’s local arm over claims the US retail behemoth’s online portal was used to smuggle and sell marijuana.
21 November 2021, 18:00 PM

Sri Lanka ends farm chemical ban as organic drive fails

Sri Lanka abandoned its quest to become the world’s first completely organic farming nation on Sunday, announcing it would immediately lift an import ban on pesticides and other agricultural inputs.
21 November 2021, 18:00 PM

Float glass export to India may fall

The export potential of clear float glass (CFG) from Bangladesh to India will face a setback if New Delhi imposes anti-dumping duty on the imports to shield local manufacturers, industry people say.
21 November 2021, 18:00 PM

To battle inflation, Biden targets supply chains, gas, meat packers

President Joe Biden is trying to attack US inflation that recently hit a 31-year high and is eroding his popularity by blasting supply chain logjams and going after what the White House calls  “pandemic profiteers.”
20 November 2021, 18:00 PM

Telenor and CP Group discuss $7.5b Thailand telecom merger

Norway’s Telenor and Thailand’s Charoen Pokphand Group (CP Group) are exploring a merger of their telecom units in Thailand that could form a new market leader in the Southeast Asian country.
20 November 2021, 18:00 PM

Japan considers releasing oil reserves to curb prices

Japanese Prime Minister Fumio Kishida said on Saturday his government is considering releasing oil from its reserves in response to rising crude oil prices, Kyodo news agency reported.
20 November 2021, 18:00 PM

Japan looks to accept more foreigners in key policy shift

In a major shift for a country long closed to immigrants, Japan is looking to allow foreigners in certain blue-collar jobs to stay indefinitely starting as early as the 2022 fiscal year, a justice ministry official said on Thursday.
18 November 2021, 18:00 PM

EU plans to ban food imports from deforested areas

The EU plans to bar food and wood imports from deforested areas, according to a proposal unveiled Wednesday aimed at using its trade power to drive sustainability.
18 November 2021, 18:00 PM

Bitcoin, ether nurse losses, lurk near critical levels

Bitcoin and ether, the world’s two largest cryptocurrencies, stayed weak on Wednesday and near critical levels that analysts believe could spell further weakness if breached.
17 November 2021, 18:00 PM

Top banking regulator urges climate rules for lenders

The top international banking supervisory authority on Tuesday said lenders should account for climate risks when managing their business, suggesting a list of 18  “principles” to guide banks and national supervisors.
17 November 2021, 18:00 PM

Russian central bank says high inflation a disaster

Russia’s central bank chief warned Monday that record-breaking inflation was a  “real disaster” for the country and urged the government to take action.
16 November 2021, 18:00 PM

Lagarde stays quiet on ECB rate rises beyond 2022

European Central Bank President Christine Lagarde said on Monday she would not  “venture” into speculation over interest rate rises in 2023 amid pressure for the bank to define its response to high inflation.
16 November 2021, 18:00 PM

Oil price rally may start to ease: IEA

The International Energy Agency (IEA) said Tuesday a reprieve from soaring oil prices may be on the horizon as output increases.
16 November 2021, 18:00 PM

UK unemployment drops as vacancies hit new high

Britain’s unemployment rate has fallen further with the economy reopen following a pandemic lockdown, with vacancies hitting a fresh peak, data showed Tuesday.
16 November 2021, 18:00 PM

Outlook starting to brighten for aviation: Airbus CEO

The global aviation sector has begun to emerge from the Covid pandemic, its worst-ever crisis, and the  “outlook is starting to brighten”, Airbus CEO Guillaume Faury told journalists Monday.
16 November 2021, 18:00 PM

Shell plans UK relocation, sparking Dutch outrage

Energy giant Shell on Monday announced plans to switch headquarters from the Netherlands to the UK and drop Royal Dutch from its name, in a major shakeup that angered the Dutch government.
16 November 2021, 18:00 PM

Sri Lanka shuts only oil refinery as dollar shortage bites

Sri Lanka shut its only oil refinery Monday after running out of dollars to import crude, in an escalating economic crisis that has triggered shortages of food and other staples.
16 November 2021, 18:00 PM