Lagarde stays quiet on ECB rate rises beyond 2022

European Central Bank President Christine Lagarde said on Monday she would not  “venture” into speculation over interest rate rises in 2023 amid pressure for the bank to define its response to high inflation.
16 November 2021, 18:00 PM

UK unemployment drops as vacancies hit new high

Britain’s unemployment rate has fallen further with the economy reopen following a pandemic lockdown, with vacancies hitting a fresh peak, data showed Tuesday.
16 November 2021, 18:00 PM

Shell plans UK relocation, sparking Dutch outrage

Energy giant Shell on Monday announced plans to switch headquarters from the Netherlands to the UK and drop Royal Dutch from its name, in a major shakeup that angered the Dutch government.
16 November 2021, 18:00 PM

Coal stocks lose ground after Glasgow climate deal

An international agreement to reduce coal use has seen mining share prices fall, but tight supply of the commodity provided a floor for a sector that has chalked up huge gains this year.
15 November 2021, 18:00 PM

Canada pauses imports from Malaysia glove maker Supermax

Canada has paused imports from Malaysian glove maker Supermax Corp as it awaits the results of an audit, weeks after the United States barred the firm over allegations the company uses forced labour.
14 November 2021, 18:00 PM

Global stocks rise in week dominated by inflation fears

Global stock markets mostly climbed on Friday, edging up over a week in which the threat of inflation spooked investors -- but not enough to scuttle the rally.
13 November 2021, 18:00 PM

Airbus recovers as Boeing reels

The aviation industry is slowly recovering from last year’s Covid-induced downturn, but European aircraft maker Airbus is having a smoother ride than American rival Boeing, which has endured a series of crises.
13 November 2021, 18:00 PM

UK to consult on possible central bank digital currency

The Bank of England and Britain’s finance ministry said on Tuesday that they would hold a formal consultation next year on whether to move forward on a possible central bank digital currency (CBDC) that would take years to introduce.
10 November 2021, 18:00 PM

UK sets out post-Brexit financial regulation aims

Britain on Tuesday outlined plans for new financial regulation laws following its departure from the European Union, with the aim of securing long-term UK economic growth and international competitiveness.
10 November 2021, 18:00 PM

Australia bumps up investment in EV chargers

The Australian government on Tuesday pledged A$178 million ($132 million) to ramp up the rollout of hydrogen refuelling and charging stations for electric vehicles, but did not offer EV rebates or set targets to phase out petrol cars.
9 November 2021, 18:00 PM

Rolls-Royce launches nuclear reactor business

UK aircraft engine maker Rolls-Royce launched plans Tuesday to build small low-cost nuclear reactors, backed with private and public cash, to help reduce the country’s carbon emissions.
9 November 2021, 18:00 PM

German exports fall for second straight month

German exports fell for the second month in a row in September as Europe’s top economy grapples with global supply shortages, official data showed Tuesday.
9 November 2021, 18:00 PM

UAE to audit all gold refineries in crackdown on illicit trade

The United Arab Emirates will require all gold refineries to undergo annual audits to ensure their suppliers are responsible, it told Reuters, in an effort to combat illicit trading.
8 November 2021, 18:00 PM

Australia vows to sell coal ‘for decades’

Australia said Monday it will sell coal for “decades into the future” after spurning a pact to phase out the polluting fossil fuel to halt catastrophic climate change.
8 November 2021, 18:00 PM

Dollar firms as US inflation poses next test

The dollar slipped on Monday, falling below the 15-month highs it hit after Friday’s jobs data, as investors reassessed rate hike expectations and central banks’ tolerance of inflation.
8 November 2021, 18:00 PM

Sydney Airport poised to sell for $17b

Sydney Airport announced Monday it had agreed to a US$17 billion takeover bid by an Australian investor consortium, just days after reopening to international travel.
8 November 2021, 18:00 PM

Startups eye post-pandemic tele-health revolution

From mental health apps to a helmet that can shock a patient’s brain remotely, startups at this year’s Web Summit are betting on a major shift towards “tele-medicine” as the world emerges from the pandemic.
7 November 2021, 18:00 PM

Shortages hit French, German industrial output

Industrial output fell in September in both France and Germany as delays in receiving materials hampered production, data released Friday showed.
6 November 2021, 18:00 PM

Long-dated euro zone yields up

Long-dated euro zone bond yields edged higher on Thursday with the market predicting that the Bank of England will be the first major central bank to hike rates since the onset of the Covid-19 crisis when it meets later in the day.
4 November 2021, 18:00 PM

South Africa to get $8.5b from US, EU and UK to speed up shift from coal

The United States joined Britain, France, Germany and the European Union on Tuesday in a multi-billion dollar partnership to help South Africa finance a quicker transition from coal, that will provide a model for other countries.
3 November 2021, 18:00 PM