German investor morale rebounds

Confidence among investors in Germany jumped in January, according to figures published Tuesday, shaking off concerns about global supply chain disruptions and the spread of the Omicron variant.
19 January 2022, 18:00 PM

UK inflation hits 30-year high

British annual inflation accelerated to a near 30-year high in December, official data showed Wednesday, stoking fears over a cost of living squeeze as wages fail to keep pace.
19 January 2022, 18:00 PM

Tourism won’t return to pre-Covid levels until 2024: UN

Tourism arrivals around the world are not expected to return to their pre-pandemic levels until 2024 at the earliest, the World Tourism Organization said Tuesday.
19 January 2022, 18:00 PM

Number of female German bank CEOs fell in 2021

Only eight of Germany’s largest 100 banks had women as their chief executives in late 2021, down from 10 a year earlier, a German Institute for Economic Research (DIW) report found.
19 January 2022, 18:00 PM

Pandemic still taking heavy toll on jobs: UN

The Covid-19 crisis is continuing to hit jobs hard around the world, the United Nations said Monday, warning it could take years for employment levels to reach pre-pandemic levels.
18 January 2022, 18:00 PM

Russia fines Google for not deleting banned content

A Moscow court on Tuesday fined Alphabet Inc’s Google a total of 14 million roubles ($190,398) for violating Russian rules on banned content, the penalty coming amid a wider stand-off between Russia and Big Tech companies.
17 January 2022, 18:00 PM

Google buys London office complex for $1b

Google on Friday agreed to buy a central London building complex for $1 billion, but stressed it remained committed to new hybrid working patterns in the wake of Covid.
15 January 2022, 18:00 PM

UK finance reigns in EU despite Brexit fallout

One year after Britain’s formal exit from the European Union, London’s powerful City financial sector still reigns on the continent despite losing key business and bankers to rival hubs.
12 January 2022, 18:00 PM

Omicron: Mild or severe impact on economy?

After limping its way back from the Covid pandemic last year, the global economic recovery has been rattled by the Omicron variant’s rapid rise.
12 January 2022, 18:00 PM

Britain eyes shake-up in financial data market

Britain signalled a shake-up in the availability and price of financial market data on Tuesday due to concerns over “limited competition” for benchmarks, indices and credit ratings.
11 January 2022, 18:00 PM

Gloomy outlook for global recovery: WEF

 Only one in 10 World Economic Forum members surveyed expects the global recovery to accelerate over the next three years, a poll of nearly 1,000 business, government and academic leaders found, with only one in six optimistic about the world outlook.
11 January 2022, 18:00 PM

Eurozone jobless rate shrinks again

The unemployment rate in the eurozone dropped again in November, official figures showed on Monday, as hiring withstood new coronavirus outbreaks in several member countries.
10 January 2022, 18:00 PM

EU plans law for tech firms

The European Union plans to legislate in the coming months to require technology companies to do more to tackle child sexual abuse, beefing up current voluntary arrangements,  said EU Home Affairs Commissioner Ylva Johansson. The official said 22 million offences were related to child sexual abuse in 2020, up from 17 million in 2019.
9 January 2022, 18:00 PM

Europe nuclear plants need 500b euro investment by 2050

The European Union will need to invest 500 billion euros ($568 billion) in new generation nuclear power stations from now until 2050, the bloc’s internal market commissioner said in an interview published at the weekend.
9 January 2022, 18:00 PM

Oil prices jump over Kazakhstan unrest

Unrest in OPEC+ member Kazakhstan has pushed up oil prices as investors fear supply interruptions, but the uranium market appears less affected despite the Central Asian country being the world’s second largest producer.
9 January 2022, 18:00 PM

Omicron slams UK retail recovery

Restrictions imposed in the wake of the Omicron coronavirus variant have  “wiped out” much of a recent recovery enjoyed by UK bricks-and-mortar stores, the British Retail Consortium revealed Friday.
8 January 2022, 18:00 PM

World food prices hit 10-year high in 2021

World food prices jumped 28 per cent in 2021 to their highest level in a decade and hopes for a return to more stable market conditions this year are slim, the UN’s food agency said on Thursday.
6 January 2022, 18:00 PM

German industrial orders bounce back

German industrial orders rebounded in November after a sharp drop in October, official data showed Thursday, despite persistent shortages in raw materials and components weighing on the sector.
6 January 2022, 18:00 PM

UK car sector stalls on Covid, semiconductor shortage

Britain’s car manufacturing stalled last year on pandemic fallout including a semiconductor shortage, despite record demand for greener electric vehicles, industry data showed Thursday.
6 January 2022, 18:00 PM

UK tightens takeover rules

Britain on Tuesday rolled out new rules to make it harder for foreign firms to buy UK assets amid national security concerns surrounding proposed takeovers by Chinese and US groups.
4 January 2022, 18:00 PM