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Amazon orders all US employees to mask up at work
Amazon will require all of its US employees to wear a mask at work regardless of their vaccination status.
7 August 2021, 18:00 PM
Millions of Brits to face energy price hike
Energy prices for millions of Britons are expected to rocket from October after the energy regulator said it would increase its cap on the most widely used tariffs by about 12-13 per cent, due to soaring global gas prices.
7 August 2021, 18:00 PM
China’s crude oil imports rebound
China’s crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance, though independent refineries slowed restocking amid probes by Beijing into trading and taxes.
7 August 2021, 18:00 PM
2 Myanmar men arrested in US for plotting to kill UN envoy
Two Myanmar citizens have been arrested in New York state for plotting with an arms dealer in Thailand - who sells weapons to the Burmese military - to kill or injure Myanmar's ambassador to the United Nations, US authorities said on Friday.
7 August 2021, 04:22 AM
UN appeals for funds to fight hunger in Myanmar
The UN World Food Programme (WFP) warned on Friday it may not have enough funding for the next six months to help millions of people in Myanmar facing food insecurity amid a wave of Covid-19 infections and political unrest in the southeast Asian nation.
6 August 2021, 09:49 AM
Oil drops towards $70
Oil prices declined towards $70 a barrel on Thursday as more countries imposed fresh movement restrictions to counter a surge in Covid-19 cases, though Middle East tensions offered support.
5 August 2021, 18:00 PM
In China’s Silicon Valley, Covid curbs pinch hardware startups
From an office in Shenzhen’s sprawling electronics district, an engineering team is prototyping a bioreactor that will one day produce “cultivated meat”, discussing component sizes in a video call with scientists sitting in kitchens and bedrooms in the UK.
5 August 2021, 18:00 PM
US crude stockpiles rise
US crude oil stockpiles rose, while gasoline inventories fell, in a signal of steady demand for fuel, the Energy Information Administration said on Wednesday. Crude inventories rose by 3.6 million barrels in the week to July 30 to 439.2 million barrels, compared with analysts’ expectations in a Reuters poll for a 3.1 million-barrel drop.
5 August 2021, 18:00 PM
Tesla chair sells $22m shares
Tesla Inc chair Robyn Denholm sold more than $22 million worth of shares in the electric-car maker after exercising stock options, according to a filing with the US Securities and Exchange Commission (SEC).
5 August 2021, 18:00 PM
Uber posts $1.1b profit
Uber on Wednesday reported a profit in second quarter on one-time gains and said its pandemic-stalled ride-hailing business was showing signs of recovering.
5 August 2021, 18:00 PM
China’s Delta outbreak casts pall over growth
Beijing’s ability to balance its virus response and economic growth is facing a big test.
5 August 2021, 18:00 PM
US recovery stumbles as private hiring slows
After recovering strongly as widespread vaccinations allowed for an easing of pandemic restrictions, hiring by American firms slowed sharply in July, raising fears the US recovery may be running out of steam amid increasing Covid-19 infections.
5 August 2021, 18:00 PM
World stocks off record peak, dollar up
World stocks eased from the previous session’s record highs while the dollar reached its highest in eight days on Thursday, after hawkish remarks from a senior US Federal Reserve official.
5 August 2021, 18:00 PM
UK construction PMI slumps to lowest since Feb
Activity in Britain’s construction industry grew last month at its weakest pace since February due to shortages of building materials and contractors, adding to signs of post-Covid bottlenecks in the economy.
5 August 2021, 18:00 PM
Biden to set target for 50pc EVs by 2030
US President Joe Biden was scheduled to sign an executive order on Thursday setting a target to make half of all new vehicles sold in 2030 zero-emissions vehicles and propose new vehicle emissions rules to cut pollution through 2026, the White House said.
5 August 2021, 18:00 PM
Dubai airport expects passenger surge as UAE eases travel curbs
Dubai’s state airport operator expects a “surge” in passenger traffic over the coming weeks and months, its chief executive said on Wednesday, after the United Arab Emirates announced an easing of travel restrictions from African and Asian countries.
4 August 2021, 18:00 PM
India’s services activity shrinks again in July
Activity in India’s dominant services industry shrank for a third consecutive month in July as restrictions to control the coronavirus pandemic hit demand, with companies turning the most pessimistic in a year, a private survey showed on Wednesday.
4 August 2021, 18:00 PM
UK private sector growth slows to weakest since March
British private-sector growth slowed sharply last month due to supply-chain bottlenecks and high worker absences prompted by Covid-19 isolation requirements, a closely watched survey indicated on Wednesday.
4 August 2021, 18:00 PM
Euro zone business surges in July
Euro zone business activity raced ahead last month, expanding at its fastest pace in 15 years, as the lifting of more coronavirus restrictions and an accelerated vaccine drive injected life into the bloc’s dominant service industry, a survey showed.
4 August 2021, 18:00 PM
As China’s recovery wobbles, economists expect more policy easing
China may need more monetary and fiscal easing to halt an economic slowdown in the wake of torrential rains and flooding, and authorities’ tough response to outbreaks of the highly-transmissible coronavirus Delta variant, economists say.
4 August 2021, 18:00 PM