Online grocery appeal dips as Britons return to stores

The proportion of Britons buying groceries online dipped to 20 per cent in the 12 weeks to Aug. 8, the lowest level seen since October last year, as shoppers returned to stores, market researcher Kantar said on Tuesday. 
17 August 2021, 18:00 PM

UK unemployment dips as economy reopens

Britain’s unemployment rate dipped in the second quarter on reopening of the economy that has resulted in record-high vacancies, official data showed Tuesday.
17 August 2021, 18:00 PM

Global shares slip on weak Chinese data

Global shares slid on Monday after a raft of Chinese economic indicators showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world races to stem the spread of the Delta variant of Covid-19 with vaccinations. 
16 August 2021, 18:00 PM

Oil prices drop

Oil prices fell by about 1 per cent on Monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in China in an indication that Covid-19 outbreaks are crimping the world’s second-largest economy. 
16 August 2021, 18:00 PM

Japan economy rebounds despite virus surge

Japan’s economy grew slightly in the second quarter, recovering from a slowdown at the start of the year despite continuing virus surges and restrictions, data showed Monday.
16 August 2021, 18:00 PM

HSBC to buy Axa’s Singapore insurance business

HSBC has agreed to buy the Singapore unit of French insurance giant Axa as the British banking group expands its foothold in Asia, the companies announced Monday.
16 August 2021, 18:00 PM

Higher inflation target could trigger jobs boom: Fed ex-staffers

The Federal Reserve may be wrestling with an inflation problem, but two former senior staffers at the US central bank argue that continued higher prices in the future may be what is needed to shift the whole economy to a higher plateau and deliver a jobs boom that helps the broadest set of people. 
16 August 2021, 18:00 PM

UK employers have strongest hiring plans in over 8 years

British employers plan to increase staff numbers by the most in more than eight years over the coming months and few intend to make staff redundant when government furlough support ends next month, a survey showed on Monday. 
16 August 2021, 18:00 PM

China economy under pressure

China’s factory output and retail sales growth slowed sharply and missed expectations in July, as new Covid-19 outbreaks and floods disrupted business operations, adding to signs the economic recovery is losing momentum. 
16 August 2021, 18:00 PM

UK govt to review green retail electricity tariffs

The British government said on Monday it will review green retail electricity tariffs due to concerns that energy companies could be exaggerating how environmentally friendly their products are. 
16 August 2021, 18:00 PM

US investors lean on blank-check firms for energy transition targets

Former US oil investment bankers, portfolio managers and executives have formed over 20 listed blank-check companies to take renewable energy companies public, with more listings expected.
16 August 2021, 18:00 PM

US banks walk tightrope of encouraging, but not mandating vaccines

Big Wall Street banks have started enforcing stricter mask and vaccine requirements for staff, sometimes communicating them behind the scenes, in an effort to combat Covid-19 infections in their offices while avoiding a fierce national debate about individual rights, sources at the banks and consultants who work with them told Reuters. 
16 August 2021, 18:00 PM

Dollar dominance back on agenda in DR Congo

DR Congo has revived a long-standing dream of promoting the national currency and sidelining the dollar to regain control over key economic levers.
15 August 2021, 18:00 PM

Droughts shrink hydropower

Severe droughts are drying up rivers and reservoirs vital for the production of zero-emissions hydropower in several countries around the globe, in some cases leading governments to rely more heavily on fossil fuels.
15 August 2021, 18:00 PM

Debt in a warm climate: coronavirus and carbon set scene for default

Where Covid-19 has precipitated unprecedented debt, the climate crisis could trigger defaults across a planet that a UN panel says is dangerously close to runaway warming. 
15 August 2021, 18:00 PM

Taliban gains give investors cause for concern beyond Afghanistan

The Taliban’s rapid advance towards Kabul is not only causing concern about Afghanistan’s future but also about the impact on other countries in the region and their economies. 
15 August 2021, 18:00 PM

Drumbeat grows louder for BHP to exit petroleum

Expectations are rising that BHP Group Ltd will deliver a verdict on the future of its petroleum business next week, as it comes under increasing pressure from cuts. Its fossil fuel footprint.
14 August 2021, 18:00 PM

Japan’s refiners face pandemic stress again

Japan’s major oil refiners have recovered from last year’s steep losses with all reporting a profit for the April-June quarter, but they continue to face headwinds as Covid-19 cases spiral to record highs in the country’s fifth wave of the pandemic. 
14 August 2021, 18:00 PM

EU exports to Britain rise in June

European Union exports to Britain rose solidly in June from May, data released by the European Union statistics office showed on Friday, contrasting with a slight drop in the bloc’s exports to the rest of the world.
14 August 2021, 18:00 PM

US House Democrats seek $160b in new EV funding

A group of 29 US House Democrats want congressional leaders to include at least $160 billion in additional funding for electric vehicles as part of a $3.5 trillion spending measure, according to a letter seen by Reuters. 
12 August 2021, 18:00 PM