Sudan inflation soars above 400pc as discontent grows

Inflation in Sudan has jumped to more than 400 percent, state media reported on Sunday amid popular discontent over rising prices after a series of IMF-backed economic reforms.
19 July 2021, 18:00 PM

Women make up nearly a third of financial service firm boards

The proportion of women on the board at 200 of Britain’s top financial firms has risen to nearly a third in the five years since the government launched an initiative to improve gender balance in the sector, a report on Monday said. 
19 July 2021, 18:00 PM

Investors dump stocks, buy bonds as virus fears flare again

Resurgent pandemic worries are knocking stocks lower from Wall Street to Sydney on Monday, fueled by fears that faster-spreading variants of the virus may upend the economy’s strong recovery.
19 July 2021, 16:21 PM

Spain inches ahead with pension reform

Spain will pay workers to postpone retirement as part of a pensions reform strategy that analysts warn does not go far enough to cut a huge deficit in the system.
18 July 2021, 18:00 PM

Brazil power operator asks for maintenance delays amid drought

Brazil’s national power grid operator (ONS) has asked electricity generators to postpone maintenance and technical work for as long as possible to help avoid worsening the energy crisis stemming from the country’s worst drought in almost a century. 
18 July 2021, 18:00 PM

Opec+ meets to agree oil supply boost as prices rise

OPEC+ ministers will meet on Sunday in another attempt to agree a quick oil supply boost to address soaring oil prices as the global economy recovers from the coronavirus pandemic. 
18 July 2021, 18:00 PM

Sports trading cards boom in pandemic-era US

Inside an unassuming store in New York’s Greenwich Village, around a dozen men unlock black briefcases, remove sports cards and begin to trade them -- a growing hobby and industry that has boomed during the pandemic.
18 July 2021, 18:00 PM

EU probes €3.2b restructuring aid for airline TAP

EU competition regulators will investigate whether a 3.2-billion-euro ($3.8 billion) restructuring plan for ailing Portuguese airline TAP is proportionate and complies with EU state aid rules, the European Commission said on Friday. 
17 July 2021, 18:00 PM

Saudi PIF buys into McLaren as part of £550m equity raise

The McLaren Group announced a 550 million pound ($758 million) equity investment on Friday with much of it coming from Saudi Arabia’s Public Investment Fund (PIF) and global investment firm Ares Management.
17 July 2021, 18:00 PM

China puts controlling stake of revamped Anbang on the block for $5.2b

Two Chinese state investors plan to sell a combined 98.78 per cent of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), according to an auction filing on Friday.
17 July 2021, 18:00 PM

China vows to curb commodities speculation to ensure price stability

China will crack down on the hoarding and speculation of commodities while ensuring supplies and prices are stable, in a move to tame price volatility seen in recent months, said China’s Ministry of Industry and Information Technology.
17 July 2021, 18:00 PM

US Senate passes bill to ban all products from China’s Xinjiang

The US Senate passed legislation on Wednesday to ban the import of products from China’s Xinjiang region, the latest effort in Washington to punish Beijing for what US officials say is an ongoing genocide against Uyghurs and other Muslim groups. 
15 July 2021, 18:00 PM

Google expands India cloud services with new infrastructure push

Alphabet Inc’s Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said. 
15 July 2021, 18:00 PM

When Erdogan’s Turkish economic miracle began failing

Five years after President Tayyip Erdogan saw off a coup, his chances of extending his rule into a third decade may depend on whether he can reverse an economic decline that has seen Turks’ prosperity, equality and employment fall since 2013.
15 July 2021, 18:00 PM

ECB’s Visco wants easy policy to support recovery, markets

The European Central Bank should keep its policy ultra-easy to support the economic recovery in the euro area and insulate its financial markets from higher interest rates in the United States, ECB policymaker Ignazio Visco said on Thursday. 
15 July 2021, 18:00 PM

China’s economic recovery loses some steam

China’s economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and new Covid-19 outbreaks, as expectations build that policymakers may have to do more to support the recovery. 
15 July 2021, 18:00 PM

Imports via freight trains surge

Transportation of goods from India to Bangladesh via freight trains doubled in the last fiscal year as the route is cost-effective and saves time.
15 July 2021, 18:00 PM

Counting the costs: South Africa businesses wrecked by unrest

After loosing 53 cars during xenophobic attacks in South Africa in 2019, Johannesburg car dealership owner Okey Uchendu never thought he would see his business destroyed again by civil unrest in less than two years.
15 July 2021, 06:20 AM

China’s regulator warns of rising bad loans

Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is unbalanced and lacks a solid foundation, the country’s top banking and insurance watchdog said on Wednesday.
14 July 2021, 18:00 PM

British fisheries sold out in Brexit deal: industry body

Britain’s fisheries have been sold out by the post-Brexit trade deal agreed with the European Union, the head of an industry body said on Wednesday, urging the government to do more for the sector when a so-called adjustment period ends in 2026.
14 July 2021, 18:00 PM