Australian economy slowing in Q2

Australia’s economy was likely already slowing before wide-scale coronavirus restrictions shuttered swathes of business and jobs, setting the stage for a vicious contraction this quarter.
30 August 2021, 18:00 PM

UK rejects call for new visas to ease truck driver shortage

Britain’s government has rejected calls from retail and logistics companies to temporarily ease post-Brexit immigration rules which they say are contributing to a shortage of truck drivers and acute supply chain disruption.
29 August 2021, 18:00 PM

Canada joins Mexico for consultation with US over USMCA auto content rules

 Canada has joined Mexico in seeking formal consultation with the United States over the interpretation of content rules for automobiles set out in the North American trade pact, Mexico and Canada said on Friday. 
28 August 2021, 18:00 PM

UK aims to conclude Pacific trade group talks next year

Britain aims to conclude negotiations to join the trans-Pacific trade group by the end of 2022, the Financial Times reported on Saturday, citing International Trade Secretary Liz Truss. 
28 August 2021, 18:00 PM

German consumer morale drops

The mood among German consumers darkened heading into September as accelerating inflation and rising Covid-19 cases made them more hesitant to buy, a survey showed yesterday. 
26 August 2021, 18:00 PM

Air New Zealand narrows pandemic losses

Air New Zealand managed to cut its losses by a third in the last financial year as strong domestic and cargo demand partially offset the impact of the global pandemic, the airline said Thursday.
26 August 2021, 18:00 PM

UK pursuing data partnerships with US and others

Britain said it was pursuing data partnerships with countries including the United States, Australia, South Korea and other fast-growing markets to break down barriers and boost trade after Brexit.
26 August 2021, 18:00 PM

Citi considering bitcoin futures trading for some clients

Citigroup Inc is considering offering bitcoin futures trading for some institutional clients, a spokesperson for the bank said on Tuesday, citing increased demand in the cryptocurrency space.
25 August 2021, 18:00 PM

Canadian province plans vaccine passport for restaurants

The Canadian province of British Columbia will require patrons of non-essential businesses such as restaurants and movie theatres to be vaccinated against Covid-19 from September 13, the government said on Monday.
24 August 2021, 18:00 PM

Putin gifts pensioners cash payments ahead of polls

Russian President Vladimir Putin on Tuesday ordered pensioners get $135 in a bid to drum up support ahead of parliamentary elections next month that could see the unpopular ruling United Russia party struggle.
24 August 2021, 18:00 PM

UK businesses fear for Afghan rug weavers

Overseas businesses selling colourful handwoven rugs and vivid handblown glass from Afghanistan are concerned for their suppliers as the Taliban’s takeover of the country threatens those with links to the West.
24 August 2021, 18:00 PM

German growth could miss Bundesbank forecast

Economic growth in Germany could miss projections this year and the resurgence of the coronavirus pandemic may put unexpected strain on the economy in the autumn, the Bundesbank said in a monthly report on Monday. 
23 August 2021, 18:00 PM

Eurozone business boom roars on in August

Business activity in the eurozone grew strongly again this month, only dipping from July’s two-decade high monthly pace, as a rapid vaccination drive against the coronavirus allowed more firms to reopen and customers to venture out, a survey showed. 
23 August 2021, 18:00 PM

UK business activity slows on supply crunch: survey

Britain’s private sector business activity slowed sharply in August due to ongoing staff and supply shortages, a survey showed Monday.
23 August 2021, 18:00 PM

PayPal launches crypto buying and selling in UK

PayPal is launching a new service enabling its customers in the UK to buy, hold and sell cryptocurrency.
23 August 2021, 18:00 PM

Carbon taxes could hurt Russia more than sanctions: report

Igor Sechin, chief of oil giant Rosneft, has told the Kremlin that carbon border taxes like the European Union’s could inflict far greater damage to Russia’s economy than sanctions, the Kommersant newspaper reported on Monday.
23 August 2021, 18:00 PM

UK raises concerns on mega takeover of chip designer

Britain on Friday said a planned takeover of chip designer Arm by US firm Nvidia raises  “serious competition concerns”, while the deal may still be probed on security grounds.
21 August 2021, 18:00 PM

Nvidia’s $40b deal for ARM dealt blow

Nvidia Corp’s planned $40 billion acquisition of British chip designer ARM hit a major hurdle on Friday after a UK regulator found it could damage competition and weaken rivals, and required a further lengthy investigation.
21 August 2021, 18:00 PM

EU sustainable fund rules muddy the waters

If you want to invest in a fund branded as sustainable under new European Union rules, you’re spoilt for choice. But you may end up owning shares in oil companies, mining conglomerates or tobacco firms. 
19 August 2021, 18:00 PM

Oil drops below $66, lowest since May

Oil dropped to below $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker demand as Covid-19 cases rise, a stronger US dollar and a surprise increase in US gasoline inventories.
19 August 2021, 18:00 PM