Biden’s new China trade plan echoes Trump’s

US Trade Representative Katherine Tai will seek new talks with China over its failure to keep promises made in a  “Phase 1” trade deal struck with former president Donald Trump, but will not pursue  “Phase 2” negotiations over Beijing’s state subsidies and other structural issues.
4 October 2021, 18:00 PM

UK to look at Pandora Papers revelations

British finance minister Rishi Sunak said the country's tax officials would look at a leak of financial documents that was published by news organizations that allegedly tie world leaders to concealed wealth.
4 October 2021, 07:36 AM

Japan to compile big extra budget after polls: ruling party leader

Japan will compile a large extra budget immediately after a looming general election to ease the economic blow of the pandemic and boost long-term growth in key areas, a ruling party heavyweight said on Sunday.
3 October 2021, 18:00 PM

Opec meets on output increase as oil prices rally

OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand from the coronavirus pandemic have pushed oil above $80 per barrel.
3 October 2021, 18:00 PM

Nigeria gets $400m in World Bank financing for Covid-19

Nigeria received approval for $400 million in funding from the World Bank on Friday to purchase and deploy Covid-19 vaccines, the bank said in a statement.
3 October 2021, 18:00 PM

IMF board to grill investigators, Georgieva on data-rigging claims

The International Monetary Fund’s executive board will intensify its probe of Managing Director Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured World Bank staff to alter data to favor China, people with knowledge of the meetings said.
3 October 2021, 18:00 PM

Decade after Jobs’ death, has Apple traded magic for profit?

Ten years after Apple founder Steve Jobs’ death, the firm has grown into a colossus of devices and services that is the world’s most valuable company, but the tech legend’s diehard fans lament its lost aura of revolution.
3 October 2021, 18:00 PM

New York’s street vendors still waiting for pandemic recovery

After his small Manhattan food stand lost its customers during the coronavirus pandemic, Abdul Rahman -- an Afghan vendor who arrived in New York in 1992 -- has resumed service, albeit at a fraction of former business since offices are still far from full.
3 October 2021, 18:00 PM

Nigeria looks to revive ailing palm oil sector

Standing beside the piles of dark red palm fruits ready for crushing for their essence, Nigerian farmer Micah Ojo hopes to cash in on the government’s drive to revive the country’s once thriving palm oil business.
3 October 2021, 18:00 PM

Biden vows to pass infrastructure, social spending bills

US President Joe Biden said on Saturday he was going to “work like hell” to get both an infrastructure bill and a multi-trillion-dollar social spending bill passed through Congress and plans to travel more to bolster support with Americans.
3 October 2021, 18:00 PM

Fuel shortages remain in southeast England

Gas stations in London and southeast England continue to suffer a lack of fuel although the situation has improved in northern England and Scotland, the Petrol Retailers Association (PRA) said on Saturday.
3 October 2021, 18:00 PM

Oil settles near 3-year high

Oil settled above $78 a barrel on Friday, just shy of a three-year high reached earlier this week, on expectations that OPEC ministers will maintain a steady pace in raising supply.
2 October 2021, 18:00 PM

White House presses US airlines to quickly mandate vaccines for staff

The White House is pressing major US airlines to mandate coronavirus vaccines for employees by December 8 and showing no signs of extending the deadline, four sources told Reuters on Friday.
2 October 2021, 18:00 PM

US consumer spending surges in August

US consumer spending surged in August, but outlays adjusted for inflation were weaker than initially thought in the prior month, reinforcing expectations that economic growth slowed in the third quarter as Covid-19 infections flared up.
2 October 2021, 18:00 PM

India coal crisis brews as power demand surges

Indian utilities are scrambling to secure coal supplies as inventories hit critical lows after a surge in power demand from industries and sluggish imports due to record global prices push power plants to the brink.
2 October 2021, 18:00 PM

Stocks wobble at end of choppy week

Global stock markets seesawed on Friday at the end of a tumultuous week marked by concerns about soaring inflation and a possible US debt default.
2 October 2021, 18:00 PM

Phuket opens to all vaccinated travellers

Fully vaccinated travellers from any country can now book holidays to tourism haven Phuket, the Thai government has announced, under tweaks to a struggling quarantine-free travel scheme.
2 October 2021, 18:00 PM

Factories struggling as supply constraints hit, costs rise

Global manufacturing activity took a big hit from supply chain bottlenecks and escalating costs, exacerbated by pandemic-induced factory shutdowns in Asia and signs of slowing Chinese growth, surveys showed on Friday.
2 October 2021, 18:00 PM

Vietnam’s commercial hub back in business after 3-month lockdown

Ho Chi Minh City on Friday lifted a stay-at-home order that had kept its nine million residents indoors for three months and devastated business in Vietnam’s economic hub.
2 October 2021, 18:00 PM

UK food banks ‘prepare for the worst’

Charity food banks in Britain are  “preparing for the worst” as the government starts winding up emergency aid measures put in place to cushion the coronavirus pandemic’s impact on millions of workers and low-income households.
30 September 2021, 18:00 PM