Airlines industry could return to normal next year expert

AirAsia Group Bhd’s chief executive officer said the aviation industry could return to normal next year as international borders gradually reopened, state news agency Bernama reported on Saturday.
19 June 2021, 18:00 PM

Tesco’s UK sales growth slows as pandemic restrictions ease

Tesco’s sales growth has slowed sharply since the easing of the latest coronavirus lockdown as people start to visit pubs and restaurants again, Britain’s biggest retailer said on Friday.
19 June 2021, 18:00 PM

UK retail sales drop as consumers eat out

British retail sales fell last month on easing lockdown curbs, as people dined at bars and restaurants instead of buying food at supermarkets, data showed Friday.
19 June 2021, 18:00 PM

EU lifts ban on eight banks barred from bond sales

Eight banks previously excluded from syndicated debt sales backing the European Commission’s up to 800-billion-euro ($950.7 billion) Covid-19 recovery fund will be allowed to take part in future issues, the EU executive said on Friday.
19 June 2021, 18:00 PM

Bank of Japan announces first green investment fund

Japan’s central bank on Friday announced its first investment fund for efforts to address climate change, as the government works towards its new target of reaching carbon neutrality by 2050.
19 June 2021, 18:00 PM

Fed’s Kashkari opposed to rate hikes at least through 2023

Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the US central bank’s benchmark short-term interest rate near zero at least through the end of 2023 to allow the labor market to return to its pre-pandemic strength.
19 June 2021, 18:00 PM

HSBC says French retail bank sale to cost 1.9b euros

HSBC on Friday said it will incur a hefty charge of 1.9 billion euros with the sale of its French retail banking operations to French lender My Money Group.
19 June 2021, 18:00 PM

Apple warns EU law ‘risks destroying iPhone security’

The EU’s proposed new rules to rein in tech giants risk undermining the security of the iPhone, Apple chief Tim Cook warned Wednesday.
17 June 2021, 18:00 PM

India puts on hold proposal to cut import duty on edible oils

India has put on hold a proposal to reduce import duties on edible oils as cooking oil prices started to fall in the world market after hitting record highs, two government and one industry officials told Reuters.
17 June 2021, 18:00 PM

Macron bemoans ‘nonsense’ innovation

French President Emmanuel Macron called out on Wednesday what he described as excesses of liquidity in the US and Chinese financial markets, some of which he said could instead foster the growth of tech companies in Europe.
17 June 2021, 18:00 PM

Dubai steps in again as pandemic drives Emirates to $5.5b loss

Emirates got an additional $1.1 billion in state support from Dubai after a collapse in long-haul travel due to the coronavirus pandemic triggered the airline’s first annual loss in more than three decades.
16 June 2021, 18:00 PM

China’s factory output, retail sales miss expectations in May

Growth in China’s factory output slowed for a third straight month in May, likely weighed down by disruptions caused by Covid-19 outbreaks in the country’s southern export powerhouse of Guangdong.
16 June 2021, 18:00 PM

Britain urges EU to expedite financial services talks

Britain’s finance ministry called on the European Union to open talks on financial services, after the London Stock Exchange on Tuesday urged the bloc to avoid protectionism.
16 June 2021, 18:00 PM

UK inflation hits highest level since before pandemic

British inflation has soared to the highest level since before the coronavirus pandemic, with clothing, fuel and oil prices rebounding as the economy reopens, official data showed Wednesday.
16 June 2021, 18:00 PM

German industry group criticises China over new sanctions law

Germany’s powerful BDI industry association criticised China on Tuesday for passing a law to counter foreign sanctions, which it said sent a worrying signal to investors and companies abroad.
15 June 2021, 18:00 PM

UK sees record jump in employee numbers in May

The number of employees on British company payrolls surged by a record amount in May as Covid restrictions eased and pubs and restaurants resumed indoor service, though it still remains more than half a million below its pre-pandemic peak.
15 June 2021, 18:00 PM

Britain and Australia announce free trade deal

Britain and Australia announced a trade deal on Tuesday that will eliminate tariffs and red tape, hailed by British Prime Minister Boris Johnson as “a new dawn” in the two countries’ relations.
15 June 2021, 18:00 PM

Virus outbreaks at Thai factories threaten export sector, recovery

A series of Covid-19 outbreaks in Thai factories is raising concerns that the export sector could be hit hard, threatening to further undermine an economy as it struggles to recover from the pandemic’s crippling blow to the crucial tourism industry.
14 June 2021, 18:00 PM

Bitcoin falls 5.71pc to $35,210 Reuters

Bitcoin dropped 5.71 per cent to $35,210 at 0600 GMT on Saturday, losing $2,131.11 from its previous close.
13 June 2021, 18:00 PM

G7 agrees to end new govt support for coal power by end of 2021

The Group of Seven nations on Sunday pledged to rapidly scale up technologies and policies that accelerate the transition away from unabated coal capacity, including ending new government support for coal power by the end of this year.
13 June 2021, 18:00 PM