Taliban expand economic team

Afghanistan’s Taliban government bolstered its economic team on Tuesday, naming a commerce minister and two deputies as the group tries to revive a financial system in shock from the abrupt end to billions of dollars in foreign aid.
22 September 2021, 18:00 PM

US Democrats unveil plans to suspend debt limit

Democratic congressional leaders on Monday unveiled plans to suspend the nation’s borrowing limit, following a White House warning of  “economic catastrophe” unless that ceiling is raised.
21 September 2021, 18:00 PM

UK rules out gas supply emergency as prices soar

Britain’s government does not expect a gas supply emergency during the winter as soaring prices threaten energy groups, Business Secretary Kwasi Kwarteng insisted on Monday.
21 September 2021, 18:00 PM

Global stocks sink on Evergrande contagion fears

World stocks sank Monday as trading floors were gripped by contagion fears from the expected collapse of debt-plagued Chinese property giant Evergrande, with investors also on red alert over spiking wholesale gas costs.
21 September 2021, 18:00 PM

Electric vehicles may cut global refining capacity demand

A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world’s oil refining capacity by half in 2050, consultancy Rystad Energy says. 
21 September 2021, 18:00 PM

Britain may give state loans to energy companies

Britain is considering offering state loans to energy companies that take on customers from firms which go bust due to soaring wholesale natural gas prices, Business Secretary Kwasi Kwarteng said on Tuesday.  
21 September 2021, 18:00 PM

Airline sector relieved over lifting of US travel ban

The United States’ decision to lift restrictions on incoming travellers vaccinated against Covid-19 was met with a sigh of a relief by the global airline sector, which has been dealt a body blow by the pandemic.
21 September 2021, 18:00 PM

OECD lowers global, US economic growth forecasts

The OECD warned Tuesday of an  “uneven” global economic recovery as it lowered its 2021 growth forecasts for the world and the United States while raising the outlook for Europe.
21 September 2021, 18:00 PM

BP gambles big on fast transition from oil to renewables

Deep in the Oman desert lies one of BP’s more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant’s pioneering natural gas extraction technology.
20 September 2021, 18:00 PM

UK seeks to break down digital trade barriers

Britain will look to break down digital trade barriers to help its businesses export their services, the country’s newly appointed trade minister Anne-Marie Trevelyan will say on Monday.
20 September 2021, 18:00 PM

Chinese property magnate loses $1b in Evergrande panic

The boss of a Shanghai-based property developer lost more than a billion dollars Monday, as fears over the potential collapse of Chinese real estate giant Evergrande sent panic across Hong Kong trading floors.
20 September 2021, 18:00 PM

Zara owner Inditex outshines H&M as sales top pre-pandemic levels

Fashion brand Zara owner Inditex has outpaced Swedish rival H&M in its efforts to bounce back from the coronavirus crisis, with second-quarter sales rising above pre-pandemic levels.
20 September 2021, 18:00 PM

Puma to expand Bangladesh footprint

Just two years after first entering the Bangladesh market, German sportswear giant Puma is going to further expand its horizon in the country.
20 September 2021, 18:00 PM

Honda targets annual sales of 70,000 Prologue electric vehicles in US

Honda Motor Co’s US unit said on Monday it is targeting initial annual sales of 70,000 for its planned electric Prologue sport utility vehicle when it goes to market in 2024.
20 September 2021, 18:00 PM

Wall St tumbles on growth worries

Wall Street’s main indexes tumbled on Monday, as concerns about the pace of a global recovery hit economy-linked stocks at the start of a week in which the Federal Reserve will decide on potentially tapering its pandemic-era stimulus.
20 September 2021, 18:00 PM

Corporate leverage returns to pre-pandemic levels

US and European companies have marked another milestone in their road to recovery from COVID-19, seeing their debt levels relative to profits tumbling to the lowest since before the pandemic erupted in 2020.
20 September 2021, 18:00 PM

US opens probe into 30m vehicles over air bag inflators

US auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, a government document seen by Reuters on Sunday showed.
20 September 2021, 18:00 PM

Dollar creeps higher as Fed’s taper looms

The dollar began the week firmly on Monday with investors in a cautious mood ahead of several central bank meetings, headlined by the Federal Reserve, while looming catastrophe at indebted developer China Evergrande added to markets’ fragility.
20 September 2021, 18:00 PM

Fed to reveal new projections with investors on alert

US Federal Reserve officials will lay bare how soon and how often they think the economy will need interest rates rises over the next three years when they release new forecasts at their policy meeting on Wednesday, with investors on alert for a faster pace of tightening.
20 September 2021, 18:00 PM

China applies to join Pacific trade pact to boost economic clout

Japan said it would have to determine if China meets the  “extremely high standards” of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world’s second-biggest economy formally applied to join.
18 September 2021, 18:00 PM