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Business
Boeing workers stage protest over US vaccine mandate
Waving signs like “coercion is not consent,” and “stop the mandate,” some 200 Boeing Company employees and others staged a protest on Friday over the planemaker’s Covid-19 vaccine requirement for US workers.
16 October 2021, 18:00 PM
Wall Street banks set to profit again when Fed withdraws stimulus
Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve’s massive injection of cash into financial markets.
16 October 2021, 18:00 PM
UK toy firms battle to prevent nightmare before Christmas
At a warehouse northwest of London, dozens of workers sort boxes of Christmas toys, scanning barcodes and moving them on forklift trucks.
16 October 2021, 18:00 PM
China coal prices hit record highs
China’s energy crisis deepened on Friday as cold weather swept into much of the country and power plants scrambled to stock up on coal, sending prices of the fuel to record highs.
16 October 2021, 18:00 PM
Food, rents boost US inflation
US consumer prices increased solidly in September as Americans paid more for food, rent and a range of other goods, putting pressure on the Biden administration to urgently resolve strained supply chains, which are hampering economic growth.
14 October 2021, 18:00 PM
China property shares pummelled by impact of Evergrande crisis
Shares of Chinese real estate firms slid on Thursday as investors fretted about a debt crisis rippling through developers including China Evergrande Group , a day after the sector was hit with fresh rating downgrades.
14 October 2021, 18:00 PM
EU to seek ban on oil and gas exploration in Arctic
The European Union will seek a ban on tapping new oil, coal and gas deposits in the Arctic to protect a region severely affected by climate change, according to a proposal for the bloc’s new Arctic strategy published on Wednesday.
14 October 2021, 18:00 PM
Global shortages crimp German growth
Global shortages in industrial components and raw materials have cramped Germany’s export driven economy, prompting the country’s leading economic institutes to slash their forecast for growth this year on Thursday.
14 October 2021, 18:00 PM
China’s factory inflation hits 25-year high
China’s factory inflation hit its highest level in a quarter of a century on surging commodity costs last month, with Thursday’s figures fanning concerns that higher prices could filter through supply chains and into the global economy.
14 October 2021, 18:00 PM
IMF, G20 fret over supply chain bottlenecks
Global finance officials gathered in Washington on Wednesday were focused on finding a way to alleviate supply chain bottlenecks that are driving prices higher and threatening to derail the economic recovery.
14 October 2021, 18:00 PM
Amazon copied products, rigged search results to promote own brands
Amazon.com Inc has been repeatedly accused of knocking off products it sells on its website and of exploiting its vast trove of internal data to promote its own merchandise at the expense of other sellers. The company has denied the accusations.
14 October 2021, 18:00 PM
Wives still don’t earn as much as their husbands, says global study
A new global study examining the difference in earnings between heterosexual couples has revealed that men continue to be paid more than women in every country.
14 October 2021, 07:26 AM
China’s Sept exports surprisingly robust
China’s export growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic Covid-19 cases.
13 October 2021, 18:00 PM
British American Tobacco to pull out of Myanmar
British American Tobacco will cease all operations in military-ruled Myanmar and withdraw by the end of this year, the company said on Tuesday, the latest Western firm to pull out of the country in turmoil since a February coup.
13 October 2021, 18:00 PM
China coal prices hit record high
China’s thermal coal prices surged to fresh record highs on Wednesday as recent floods in a key coal producing province worsened a supply crunch, just as new efforts by Beijing to liberalise power prices boosted demand from power generators.
13 October 2021, 18:00 PM
UK economy rebounds despite supply chain woes
Britain’s economy rebounded in August despite ongoing supply chain woes, as people socialised more due to the lifting of coronavirus curbs, data showed Wednesday.
13 October 2021, 18:00 PM
US economy almost ready for less stimulus: Fed
The United States is nearly ready for the central bank to pull back on its stimulus, and the high inflation may soon retreat, a Federal Reserve official said Tuesday.
13 October 2021, 18:00 PM
Energy prices should retreat by early 2022: IMF official
Rising energy prices are weighing on households but the recent spike is unlikely to fuel a 1970s-style oil crisis and should retreat early next year, IMF chief economist Gita Gopinath told AFP Tuesday.
13 October 2021, 18:00 PM
Asian traders move cautiously
Asian markets were mixed Wednesday as investors awaited key US inflation data that could play a major role in the Federal Reserve’s plans to tighten monetary policy, while concerns over a global energy crunch also jangled nerves.
13 October 2021, 18:00 PM
US Congress averts default with stop-gap debt limit hike
US lawmakers rubber-stamped a short-term bill to lift the nation’s borrowing authority Tuesday, averting the threat of a first-ever debt default -- but only for a few weeks.
13 October 2021, 18:00 PM