Merkel urges US to export Covid vaccines

German Chancellor Angela Merkel on Saturday urged the United States to export coronavirus vaccines made on its soil, as she rejected a patent waiver call from Washington for the jabs.
9 May 2021, 18:00 PM

Ford recalls nearly 617,000 US Explorer SUVs

Ford Motor Co is recalling nearly 617,00 Explorer sport utility vehicles in the United States at the request of regulators because retention pins could loosen and allow roof rail covers to detach from the vehicle.
9 May 2021, 18:00 PM

African nations gear up to polish image at Dubai Expo

African nations are attending this year’s Dubai Expo 2020 in force, hoping to project an image of a modern and ambitious continent and shed stereotypes of conflict and underdevelopment.
9 May 2021, 18:00 PM

Cyber attack shuts down US fuel pipeline network

Top US fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the US East Coast’s fuel supply, after a cyber attack on Friday that involved ransomware.
9 May 2021, 18:00 PM

China export tops forecasts, import growth best in 10yrs

Chinese exports grew at a forecast-busting rate last month, data showed Friday, while imports surged at their strongest in a decade as the global economy bounces back from the pandemic crisis and domestic consumption recovers.
8 May 2021, 18:00 PM

EU sets plan to promote rapid green transition of key industries

The European Union aims to help industries slash greenhouse gas emissions by promoting a rapid expansion of investment in low-carbon technologies, partly through schemes with easier state aid rules, according to a draft policy plan seen by Reuters.
5 May 2021, 18:00 PM

How will Bill and Melinda Gates’ divorce impact their charity?

The shock announcement that billionaire philanthropists Bill and Melinda Gates are to divorce after 27 years of marriage has raised questions about the future of their hugely influential charity.
5 May 2021, 18:00 PM

G7 works on vaccine plan after pleas to help poor

The Group of Seven wealthy democracies on Wednesday worked on plans to scale up global Covid-19 vaccinations, as calls mounted for a drastic increase in funding to help developing nations virtually shut out of early efforts.
5 May 2021, 18:00 PM

Stimulus boosts US consumer spending; inflation warming up

US consumer spending rebounded in March amid a surge in income as households received additional Covid-19 pandemic relief money from the government, building a strong foundation for a further acceleration in consumption in the second quarter.
2 May 2021, 18:00 PM

Warren Buffett says US economy’s unexpected strength benefits Berkshire

Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a US economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash.
2 May 2021, 18:00 PM

Profit-taking hits US stocks, recession hobbles Europe

US markets were hit by a bout of profit-taking on Friday, while in Europe data confirming the eurozone is back in recession dampened investor enthusiasm.
2 May 2021, 18:00 PM

US oil giants return to profitability in Q1

After a string of losses, ExxonMobil and Chevron on Friday both reported a return to profitability in the first quarter, bolstered by a significant jump in oil prices.
2 May 2021, 18:00 PM

Apple moving forward on app privacy, despite pushback

An update to the software powering some billion iPhones around the world kicks in Monday with an enhanced privacy feature critics fear will roil the internet advertising world.
25 April 2021, 18:00 PM

US tax talk rattles stock markets

Reports that the Biden administration will seek to nearly double the capital gains tax hit market sentiment on Friday, distracting investors from positive economic news.
25 April 2021, 18:00 PM

India in talks with Guyana for long-term crude supply

India, the world’s third-largest crude consumer and importer, has approached Guyana’s government about a possible long-term deal to buy the South American country’s oil, a Guyanese official said.
25 April 2021, 18:00 PM

Qatar Petroleum plans debut dollar public bond sale

Qatar Petroleum (QP) is planning its first ever US dollar-denominated public international bond sale, two sources said, the latest Gulf energy giant to tap debt markets in an age of lower energy prices.
25 April 2021, 18:00 PM

Qatar Petroleum plans debut dollar public bond sale

Qatar Petroleum (QP) is planning its first ever US dollar-denominated public international bond sale, two sources said, the latest Gulf energy giant to tap debt markets in an age of lower energy prices.
25 April 2021, 18:00 PM

New bloodletting hits Spanish banking sector

In Spain where bank tellers were once legion, the sector is again reeling from thousands more job cuts as a 10-year trend gathers pace due to the ongoing pandemic.
25 April 2021, 18:00 PM

Saudi Arabia sees over $200b in savings from energy reforms plan

Saudi Arabia could save over $200b over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance minister said, as the kingdom seeks to cut costs to fund investments.
25 April 2021, 18:00 PM

Computer chip shortage may leave auto sector idling

What was initially downplayed as a brief hiccup in the supply of semiconductors looks more and more like a shortage that may last throughout the year in what would be a big blow to automakers.
25 April 2021, 18:00 PM