EU sustainable fund rules muddy the waters

If you want to invest in a fund branded as sustainable under new European Union rules, you’re spoilt for choice. But you may end up owning shares in oil companies, mining conglomerates or tobacco firms. 
19 August 2021, 18:00 PM

US employment growth revised modestly lower

The US economy likely created 166,000 fewer jobs in the 12 months through March than previously estimated, the Labor Department’s Bureau of Labor Statistics said on Wednesday.
19 August 2021, 18:00 PM

World markets tank on Fed taper talk, Delta fears

Global stocks and oil markets tanked Thursday but the dollar rallied versus some key rivals after the US Federal Reserve signalled it could rein in vast stimulus measures this year.
19 August 2021, 18:00 PM

White-collar staff calling shots as job markets recover

Having hunkered down at home and clung on to his job through the 2020 lockdowns, Dutch IT worker Benito Castillion is now on the hunt for a career-enhancing move - and it’s a shift of perspective he shares with millions of white-collar staff worldwide. 
19 August 2021, 18:00 PM

Oil drops below $66, lowest since May

Oil dropped to below $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker demand as Covid-19 cases rise, a stronger US dollar and a surprise increase in US gasoline inventories.
19 August 2021, 18:00 PM

Toyota to slash production for chip shortage

Toyota Motor Corp will reduce global production for September by 40 per cent from its previous plan due to the worldwide shortage of semiconductors, the Nikkei business daily reported on Thursday.
19 August 2021, 18:00 PM

Taliban vow to ban heroin, but can they survive without it?

Heroin production has boomed in Afghanistan in recent years, helping fund the Taliban, and experts say they will struggle to wean themselves off the profitable trade despite their promise to do so.
19 August 2021, 18:00 PM

Walmart reports solid US sales growth

Walmart lifted its full-year forecast Tuesday following another solid performance at its US stores in the second quarter even as e-commerce growth slowed compared with earlier in the pandemic.
18 August 2021, 18:00 PM

Global stocks fall on Delta variant gloom

Global stock markets were broadly lower Tuesday as investors fretted that the resurgent Delta coronavirus variant may put the brakes on the global economic recovery.
18 August 2021, 18:00 PM

Oil steadies, Delta outbreaks cloud demand prospects

Oil prices steadied on Wednesday, after four days of declines with investors still wary about prospects for stronger fuel demand as the use of rail, air and other forms of transport remained constrained amid surging Covid-19 cases worldwide. 
18 August 2021, 18:00 PM

China’s steel curbs could cripple price control efforts

China is facing a high profile test of its commitment to curbing industrial pollution after steel output surged in the first half of the year to well beyond its target of capping production at 2020’s peak, sending emissions to new highs. 
18 August 2021, 18:00 PM

Fast fashion spurs bleach-like pollution of Africa’s rivers

Global fast fashion brands are helping drive pollution that has dyed African rivers blue or turned their waters as alkaline as bleach, according to a report published on Tuesday.
17 August 2021, 18:00 PM

EV startups hunt for low-cost roads to mass production

Electric car and van startups racing to become the next Tesla Inc all want to avoid Elon Musk’s journey through “manufacturing hell.”
17 August 2021, 18:00 PM

New Yorkers largely back mayor’s vaccine mandate to dine out

New Yorkers interviewed by Reuters on Monday were largely backing the push by the city’s mayor, Bill de Blasio, to require proof of Covid-19 vaccination to enter restaurants, gyms and other businesses. 
17 August 2021, 18:00 PM

Safe-haven currencies hold firm

Safe-haven currencies such as the yen held firm against riskier currencies on Tuesday as disappointing economic data from China, the spreading Delta variant of the coronavirus and political tension in Afghanistan weighed on risk appetite.
17 August 2021, 18:00 PM

Brazil’s lower-carbon oil projects can lure majors, lift sales

Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil, the production chief of state-controlled Petrobras said in an interview. 
17 August 2021, 18:00 PM

Oil prices weighed down by weak Asian demand

Oil prices fell on Tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in Asia and OPEC and its allies saying the market does not need more crude.
17 August 2021, 18:00 PM

Delta, beef prices may take the sizzle off US steakhouses

Just as American steakhouses are recovering from the first wave of Covid shutdowns, the Delta variant threatens to diminish the appetite for a sector seen as a barometer for full US economic recovery. 
17 August 2021, 18:00 PM

China steps up tech scrutiny with rules over unfair competition

China moved on Tuesday to tighten control of its technology sector, publishing detailed rules aimed at tackling unfair competition and companies’ handling of critical data.
17 August 2021, 18:00 PM

Asia markets down on Delta variant gloom

Asian markets were broadly down Tuesday as investors weighed record gains on Wall Street against fears the resurgent Delta coronavirus variant may put the brakes on the global economic recovery.
17 August 2021, 18:00 PM