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China power cuts hit homes, factories and threaten growth
Goldman Sachs Tuesday lowered its annual economic growth forecast for China as nationwide power cuts hit millions of homes and halted production at factories, including some supplying Apple and Tesla.
28 September 2021, 18:00 PM
UK to start talks on joining trans-Pacific trade pact
Britain will begin talks on Tuesday with the 11 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to join the pact it regards as important part of its future post-Brexit trade plans.
28 September 2021, 18:00 PM
China power crunch spreads
Widening power shortages in China have halted production at numerous factories including many supplying Apple and Tesla, while some shops in the northeast operated by candlelight and malls shut early as the economic toll of the squeeze mounted.
27 September 2021, 18:00 PM
Europe’s IPO market roars back to life
European stock market listings have come back with a bang after the summer lull but blank cheque firms are nowhere to be seen.
27 September 2021, 18:00 PM
Asian markets start week with gains but eyes on Evergrande
Equity markets mostly rose in Asia on Monday following a broadly positive lead from Wall Street, while investors kept a nervous eye on developments in the crisis at troubled Chinese property giant Evergrande as it teeters on the brink.
27 September 2021, 18:00 PM
Some Apple, Tesla suppliers suspend production in China
Several Apple Inc and Tesla Inc suppliers have suspended production at some Chinese factories for a number of days to comply with tighter energy consumption policies, putting supply chains at risk in the peak season for electronics goods.
27 September 2021, 18:00 PM
Kabul’s carpet and antique dealers struggle after foreigners flee
Traders of carpets, antiques and souvenirs on Kabul’s famed Chicken Street said Sunday business has completely dried up since the vast majority of foreigners left the Afghan capital as the Taliban took over.
27 September 2021, 18:00 PM
Pelosi says US infrastructure bill will pass
US House of Representatives Speaker Nancy Pelosi expressed confidence on Sunday that the $1 trillion infrastructure bill will pass this week but sounded more doubtful about bringing it to the House floor on Monday as she previously pledged to do.
27 September 2021, 18:00 PM
Cuba starts to reopen economy
Cuba is allowing a staggered opening from Friday of restaurants, shopping centres and beaches in provinces that have lowered coronavirus cases even as it battles some of the highest nationwide rates of infection per capita worldwide.
25 September 2021, 18:00 PM
Zimbabwe bolsters emissions targets
Zimbabwe has adopted a more ambitious target for emissions reduction ahead of a United Nations climate conference in November, the country’s new climate change plan showed.
25 September 2021, 18:00 PM
EU looking at measures to tackle energy crisis
The European Commission said on Wednesday it is poised to validate “short-term temporary measures” to tackle the effects of a global energy crisis -- while keeping an eye on long-term climate goals.
23 September 2021, 18:00 PM
Nigeria aims to boost oil output
Nigeria said Wednesday it aims to produce 1.88 million barrels per day of crude oil next year and the budget will be based on the benchmark price of $57 per barrel, calling it a “very conservative” output goal as the country’s economy struggles.
23 September 2021, 18:00 PM
Bank of England on guard against spiking inflation
The Bank of England is expected to stay the course on interest rates and stimulus on Thursday, despite soaring inflation and fears of runaway domestic energy costs.
23 September 2021, 18:00 PM
Fed warns of ‘severe damage’ if senators allow debt default
The chairman of the US Federal Reserve called on lawmakers to raise the nation’s borrowing limit urgently on Wednesday, warning that failure to pay government debts would do “severe damage” to the economy.
23 September 2021, 18:00 PM
Ratings agency cuts China growth forecast
Ratings agency Fitch on Thursday cut its growth forecast for China’s economy this year citing a slowdown in the country’s colossal property sector, which is also facing headwinds over faltering real estate giant Evergrande.
23 September 2021, 18:00 PM
German auto giants place their bets on hydrogen cars
Battery power may be the frontrunner to become the car technology of the future, but don’t rule out the underdog hydrogen.
22 September 2021, 18:00 PM
ADB cuts Asia growth forecast on slow vaccine rollout
The Asian Development Bank warned of “lasting scars” from the coronavirus pandemic as it cut its 2021 growth forecast for developing Asia on slow vaccination rates, surging infections and crippling lockdowns.
22 September 2021, 18:00 PM
BOJ to keep stimulus as deflation risks cloud outlook
The Bank of Japan was expected to keep monetary policy steady on Wednesday as weak growth and deflation risks remain primary concerns, in contrast to major counterparts eyeing a withdrawal of crisis-mode support for their economies.
22 September 2021, 18:00 PM
China’s high-tech push seeks to reassert global factory dominance
At a factory in China’s north, workers are busy testing an automated vehicle designed to move bulky items around industrial spaces, one of a new generation of robots Beijing wants to shift the country’s manufacturing up the value chain.
22 September 2021, 18:00 PM
IMF execs meet over charges boss changed data to favour China
The International Monetary Fund’s board of directors met Tuesday over charges that its director, Kristalina Georgieva, pressured staff in 2017 when she was the World Bank CEO to change data in a key ranking report to paint China in a more positive light.
22 September 2021, 18:00 PM