Oil prices extend decline as US and Iran pause attacks
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Global Economy
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27 July 2026, 21:58 PM
Global Economy
Red Sea shipping slows after Houthi attack on Saudi Arabia, data shows
27 July 2026, 16:32 PM
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China's industrial profit growth moderates as exports cushion uneven recovery
27 July 2026, 13:04 PM
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Oil prices sink as US-Iran pause fuels fresh Hormuz hopes
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This wave of Trump tariffs is likely here to stay; more are coming
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Global Economy
Spain’s jobless number posts record fall
The number of registered jobless in Spain posted a record drop in 2021 as the relaxation of pandemic restrictions boosted its key tourism sector, official statistics showed Tuesday.
4 January 2022, 18:00 PM
Algeria energy firm to invest $40b in five years
Algeria’s state-owned hydrocarbon firm Sonatrach will invest $40 billion into oil exploration, production and refinement as well as gas prospecting and extraction between 2022 and 2026, CEO Toufik Hakkar said Monday.
4 January 2022, 18:00 PM
Evergrande shares rise after day-long trading suspension
Shares in embattled Chinese property giant Evergrande rallied on Tuesday after a day-long suspension, as the company confirmed it had been ordered to demolish part of a resort in Hainan province.
4 January 2022, 18:00 PM
German unemployment declines in December
Germany’s joblessness rate fell slightly in December despite the return of health restrictions to tackle a new wave of coronavirus cases, official figures published Tuesday showed.
4 January 2022, 18:00 PM
Apple becomes 1st US company to reach $3t valuation
Apple became the first US company to hit $3 trillion in market value, briefly reaching the landmark on Monday in the latest demonstration of the tech industry’s pandemic surge.
4 January 2022, 18:00 PM
Oil prices steady ahead of Opec+ meeting
Oil prices were largely steady on Tuesday as investors expected major producers to agree to stick to their planned output increase at their meeting later in the day amid diminishing concerns over the spread of the Omicron variant of Covid-19.
4 January 2022, 18:00 PM
Sri Lanka unveils relief package as food prices soar
Sri Lanka unveiled a $1.1 billion targeted relief package Tuesday to help consumers pay soaring food costs as an economic crisis bites.
4 January 2022, 18:00 PM
Indonesia warns coal supply crunch not over
Indonesia has warned that its coal supply situation remains critical, ahead of Wednesday’s review of its export ban, unnerving global markets for the fuel used to generate most of the electricity that drives Asia’s biggest economies.
4 January 2022, 18:00 PM
Singapore economy rebounds from recession
Singapore’s economy grew 7.2 per cent last year, rebounding from its worst recession since independence sparked by the coronavirus pandemic, government data showed Monday.
3 January 2022, 18:00 PM
Troubled Evergrande suspends share trading again
Embattled Chinese developer giant Evergrande announced Monday it was once again suspending trading of its shares in Hong Kong ahead of an announcement.
3 January 2022, 18:00 PM
S Korea factory activity quickens
Activity in South Korea’s factories expanded at the fastest pace in three months in December but the economy struggled to gather momentum as rising global coronavirus cases and continued supply constraint weighed on production and overseas demand.
3 January 2022, 18:00 PM
Bitcoin faces uncertain 2022
The price of bitcoin hit record highs in 2021 thanks to support from traditional finance, but cryptocurrency specialists are struggling to predict next year’s outcome for the volatile sector.
3 January 2022, 18:00 PM
Germany welcomes EU green energy plan on gas
Germany on Sunday welcomed a plan by the European Union to label some natural gas energy projects as “green” investments, but stressed its opposition to a proposal to do the same for nuclear power projects.
3 January 2022, 18:00 PM
Indonesia’s coal export ban rattles global market
Indonesian coal miners are seeking a quick resolution to a government coal export ban that is already causing fuel prices to rise and could disrupt the energy needs of some of the world’s biggest economies.
3 January 2022, 18:00 PM
2021 GDP growth of Singapore fastest in over 10-years
Singapore's economy expanded at its fastest annual pace in over a decade in 2021 as the country emerged from its worst recession on record, caused by the deep hit to activity from the coronavirus pandemic.
3 January 2022, 07:47 AM
UK seeks to mitigate workforce disruption
The British government has asked public sector managers to test their contingency plans against a worst-case scenario of 25 per cent staff absence as part of efforts to minimise disruption from the rapid spread of the Omicron variant of Covid-19.
2 January 2022, 18:00 PM
Philippines limits business over Omicron
The Philippines will impose tighter curbs in the capital region for the next two weeks, the acting presidential spokesperson said recently, to try to limit infections by the Omicron coronavirus variant that is spreading globally.
2 January 2022, 18:00 PM
Russian oil output recovers in 2021 after slump
Russia’s annual oil production rose by more than 2 per cent last year thanks to the easing of output cuts by the OPEC+ group of leading oil producers after a pandemic-induced decline in 2020, data showed on Sunday.
2 January 2022, 18:00 PM
China’s new home prices fall at slower pace
China’s December new home prices declined at a slower pace compared with a month earlier, a private-sector survey showed on Saturday, offering a tentative sign of stabilising demand after authorities took steps to avert a hard landing for the market.
2 January 2022, 18:00 PM
Trade between China, other RCEP members rises to $1.72t
Imports and exports between China and the other 14 members of the Regional Comprehensive Economic Partnership totaled 10.96 trillion yuan (about $1.72 trillion) in the first 11 months of this year, according to Chinese customs data.
2 January 2022, 18:00 PM