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British American Tobacco to pull out of Myanmar by year-end
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, 03:54 AM
China’s export growth likely eased in Sept: poll
China’s export growth likely slowed in September as electricity rationing hit production at home, while a shift in consumption towards services as developed economies reopened likely reduced global appetite for Chinese goods, a Reuters poll showed on Tuesday.
12 October 2021, 18:00 PM
WB taking steps to boost research integrity
The World Bank is taking steps to rebuild the credibility of its research after a data-rigging scandal forced it to cancel its flagship “Doing Business” report on country business climates, bank President David Malpass said on Monday.
12 October 2021, 18:00 PM
Japan confronts rising inequality after Abenomics
Japan’s stock market has surged and luxury cars are selling fast in Tokyo after eight years of economic stimulus under Abenomics, but that new wealth is concentrated in a small slice of society rather than broadly distributed, data show.
12 October 2021, 18:00 PM
More pain for British consumers as grocery prices rise
British grocery prices increased 1.7 per cent in the four weeks to Oct. 3 year-on-year, market researcher Kantar said on Tuesday, adding to pressure on households already facing soaring energy bills.
12 October 2021, 18:00 PM
Tesla sold record 56,006 China-made vehicles in Sept
US electric vehicle (EV) maker Tesla Inc sold 56,006 China-made vehicles in September, the highest since it started production in Shanghai about two years ago, data from the China Passenger Car Association (CPCA) showed on Tuesday.
12 October 2021, 18:00 PM
Macron launches 30b-euro ‘France 2030’ investment plan
France wants to be a leader in green hydrogen by 2030 and build new, smaller nuclear reactors as part of a 30 billion euro ($35 billion) investment plan aimed at fostering industrial champions and innovation, President Emmanuel Macron said on Tuesday.
12 October 2021, 18:00 PM
Evergrande misses 3rd round of bond coupon payments
Debt-saddled Chinese property firms took heavy fire in bond markets on Tuesday, after the poster child of the sector’s woes, Evergrande Group, missed its third round of bond payments in as many weeks and others warned of defaults.
12 October 2021, 18:00 PM
Asian markets down on inflation, energy worries
Asian markets retreated Tuesday as investors grew increasingly concerned about a growing energy crisis, spiking inflation, signs of a slowdown in the global economy and an end to central bank financial support.
12 October 2021, 18:00 PM
Liquidity needed to stem Afghanistan economic crisis: UN chief
The international community must find ways to inject cash directly into Afghanistans economy to avert its total collapse as a growing humanitarian crisis impacts half the population, UN Secretary General Antonio Guterres said on Monday.
12 October 2021, 18:00 PM
UK jobs hit record high
British employers increased their payrolls to a record high in September, shortly before the end of the government’s wage subsidies scheme, potentially encouraging the Bank of England’s progress towards a first post-pandemic interest rate hike.
12 October 2021, 18:00 PM
Indian port operator to shun cargo from Afghanistan, Pakistan and Iran
India’s largest port operator has said it will not handle cargo from Afghanistan, Iran and Pakistan from next month following the seizure of almost three tonnes of heroin.
12 October 2021, 18:00 PM
IMF reaffirms ‘full confidence’ in head Georgieva
The IMF Executive Board reaffirmed on Monday its “full confidence” in the Washington-based crisis lender’s chief, Kristalina Georgieva, keeping her on as managing director after she was hit with allegations of data tampering.
12 October 2021, 18:00 PM
US earnings seen strong, but costs worry investors
Investors are primed for another period of strong US profit growth as third-quarter reports from Corporate America flow in starting this week. But as business continues to emerge from the coronavirus pandemic, new problems are arising that are taking center stage for Wall Street, including supply-chain snags and inflationary pressures.
12 October 2021, 18:00 PM
Innovation in green energy by 2030: Macron reveals 30bn euro plan
France wants to be a leader in green hydrogen by 2030 and build low-carbon planes and small nuclear reactors as part of a 30 billion euro ($35 billion) investment plan, President Emmanuel Macron said on Tuesday.
12 October 2021, 12:19 PM
India's Adani Ports to no longer handle cargo from Pakistan, Afghanistan, Iran
India's largest port operator Adani Ports and Special Economic Zone said on Monday that its terminals would no longer handle export and import of container cargoes from Iran, Pakistan and Afghanistan from November 15.
11 October 2021, 18:44 PM
China property bonds dive
Chinese property firms’ bonds were hit with another wrecking ball on Monday as Evergrande looked set to miss its third round of bond payments in as many weeks and rivals Modern Land and Sinic became the latest scrambling to delay deadlines.
11 October 2021, 18:00 PM
Mercedes-Benz doubles down on China
Mercedes-Benz, the German company founded by the inventors of the motor car, is pouring more resources into its cutting-edge research and design capabilities in China as the centre of gravity of the new auto world shifts eastwards.
11 October 2021, 18:00 PM
Oil price jumps on global energy crunch
Oil prices rose by about 2 per cent on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers.
11 October 2021, 18:00 PM
China has won AI battle with US
China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software chief told the Financial Times.
11 October 2021, 18:00 PM