Indian growers gather outside Delhi to protest farm laws

Thousands of Indian farmers gathered in a large grain market outside New Delhi on Tuesday, protesting new agricultural laws they say threaten their livelihoods and actions by police during similar demonstrations last week. 
7 September 2021, 18:00 PM

Japan calls for $270b-plus stimulus package

Japan’s former foreign minister Fumio Kishida, a strong contender to become next prime minister, has called for a package of more than 30 trillion yen ($273 billion) to cushion the blow from the coronavirus pandemic, a magazine reported.
7 September 2021, 18:00 PM

UK house prices jump as market strength persists

British house prices rose sharply last month in a further sign of strong momentum in the market even after the partial withdrawal of tax breaks on property purchases, a survey from mortgage lender Halifax showed on Tuesday.
7 September 2021, 18:00 PM

Deutsche Telekom lifts T-Mobile US stake in Softbank swap deal

Deutsche Telekom has struck a share-swap deal with Softbank Group to increase its stake in US unit T-Mobile and sold its Dutch unit in a major restructuring that strengthens the German group’s transatlantic focus.
7 September 2021, 18:00 PM

German industrial output gains as supply chain bottlenecks

German industrial production rose in July after falling for three straight months amid supply chain troubles that held the economy back, data published on Tuesday showed.
7 September 2021, 18:00 PM

High inflation looms over ECB meeting

Rising eurozone inflation will provide the backdrop for the meeting of European Central Bank governors Thursday, with markets hoping for hints of when policymakers might start easing their massive pandemic-era stimulus.
6 September 2021, 18:00 PM

‘South Asia’s ADR needs reform for economic development’

Legislative reforms need to come about in South Asia’s alternative dispute resolution (ADR) spectrum for overall economic development, stressed the region’s apex court judges, heads of ADR institutions and lawyers at a webinar. 
6 September 2021, 18:00 PM

Saudi Arabia slashes crude prices to Asia

Saudi Arabia, the world’s top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern Europe and the United States steady.
6 September 2021, 18:00 PM

Shipping industry proposes levy to speed up zero carbon future

Leading shipping associations have proposed creating a global levy on carbon emissions from ships to help speed up the industry’s efforts to go greener.
6 September 2021, 18:00 PM

Asian markets mostly up as weak US data soothes taper worries

Asian markets mostly rose Monday after a big miss on US jobs creation last month fuelled optimism that the Federal Reserve will hold fire on tapering its massive financial support programme, while Tokyo extended last week’s rally on hopes for more economic stimulus.
6 September 2021, 18:00 PM

Social cost of 2019’s plastic more than GDP of India

The pollution, emissions and clean-up costs of plastic produced in 2019 alone could be $3.7 trillion, according to a report released Monday by wildlife charity WWF, warning of the environmental and economic burden of this  “seemingly cheap” material.
6 September 2021, 18:00 PM

German industrial orders reach record high

German industrial orders climbed to a new high in July, official data showed Monday, as the economy continued its strong recovery from the coronavirus pandemic.
6 September 2021, 18:00 PM

European banks still booking profits in tax havens: report

Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report on Monday.
6 September 2021, 18:00 PM

Syria says it welcomes Lebanon’s request to import energy

Syria said on Saturday that it welcomed Lebanon’s request to import Egyptian gas for energy generation via its territory after Lebanese ministers made the highest level visit to Damascus in years.
5 September 2021, 18:00 PM

Drought squeezes Brazil’s electricity supply

Brazil’s worst drought in almost a century is threatening electricity supply and critical crops, pushing up energy and food prices at a time the country was hoping to start recovering from the economic fallout of the coronavirus pandemic.
5 September 2021, 18:00 PM

Rats, drought and labour shortages eat into global edible oil recovery

In a sprawling oil palm plantation in the Malaysian state of Perak, watermelon seedlings are sprouting from freshly ploughed earth between palm saplings while rented cows graze in overgrown areas of the estate. 
5 September 2021, 18:00 PM

Philippine Airlines files for bankruptcy

Philippine Airlines said Saturday it was filing for bankruptcy in the United States to slash $2 billion in debt as it tries to survive an industry gutted by the coronavirus pandemic.
4 September 2021, 18:00 PM

US funding tapped for Pacific undersea cable after China rebuffed

The Federated States of Micronesia will tap a US funding facility to construct a Pacific undersea communications cable, two sources told Reuters, after rejecting a Chinese company-led proposal that was deemed a security threat by US officials. 
4 September 2021, 18:00 PM

ByteDance to downsize fintech business

Beijing-based ByteDance, the owner of TikTok, said on Wednesday that it would shrink its financial services unit and that it planned to sell its stock broking operations amid China’s tightening grip on the financial technology (fintech) sector.
2 September 2021, 18:00 PM

US trade deficit shrinks in July

The US trade deficit narrowed more than expected in July as imports declined likely because of shortages and a shift in domestic spending from goods to services.
2 September 2021, 18:00 PM