UK consumer confidence nosedives

UK consumer confidence  “continues to nosedive” as surging inflation causes a cost-of-living crisis, a survey revealed Friday, as the government faces pressure to better ease the financial pain.
26 March 2022, 18:00 PM

China’s Sinopec pauses Russia projects

China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as sanctions mount over the invasion of Ukraine.
26 March 2022, 18:00 PM

How European rulings imperil flagship Google product

Lax laws and sweetheart deals are becoming a thing of the past for big tech firms, particularly in Europe where a series of rulings is posing a major threat to one of Google’s flagship products.
26 March 2022, 18:00 PM

Gas buyers puzzle over Putin’s demand for payment in rouble

Asian importers of Russian gas were scrambling on Thursday after Russian President Vladimir Putin said “unfriendly” countries must pay for Russian gas in roubles, in the latest jolt to global energy markets after Moscow’s invasion of Ukraine.
24 March 2022, 18:00 PM

Shell to invest $33b in UK energy sector

Shell will invest up to 25 billion pounds ($33 billion) into the energy system in Britain over the next decade, a senior executive at the oil major said, and over 75 per cent of which will be funnelled into zero-carbon products and services.
24 March 2022, 18:00 PM

Eurozone growth slows as war threatens recovery

Business activity in the eurozone slowed in March, according to a closely watched survey, as high prices and a gloomy outlook raised fears the Ukraine war could snuff out economic recovery.
24 March 2022, 18:00 PM

US, UK to end steel, aluminum tariffs

The United States on Tuesday announced an agreement with Britain to end tariffs on steel and aluminum imports imposed by former president Donald Trump in 2018 on national security grounds.
23 March 2022, 18:00 PM

Can firms leaving Russia recoup losses through insurance?

Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co to PwC, a global professional services firm.
23 March 2022, 18:00 PM

China to boost renewable power

China aims to increase renewable power, maintain crude oil output and boost natural gas production, as it seeks to balance energy security and achieve its climate change goals.
22 March 2022, 18:00 PM

Oil slips below $114

Oil slipped below $114 a barrel on Tuesday, giving up some of the previous day’s 7 per cent surge, as European Union members disagreed on a potential oil embargo on Russia, although persistent supply risks limited the decline.
22 March 2022, 18:00 PM

China Eastern crash could set back Boeing’s China recovery

The deadly crash of a China Eastern Airlines 737-800 could set back Boeing’s efforts to regain ground in the world’s biggest aircraft market and deliver more than 140 737 MAX jets already constructed for Chinese customers.
22 March 2022, 18:00 PM

Sri Lanka sends troops to oversee fuel distribution

Sri Lanka ordered troops to petrol stations Tuesday as sporadic protests erupted among the thousands of motorists queueing up daily for scarce fuel.
22 March 2022, 18:00 PM

US drought pushes cotton prices to ten-year high

Cotton prices rose to their highest level in more than a decade on Monday, due to a prolonged drought in parts of the central United States.
22 March 2022, 18:00 PM

Oil prices jump above $111 as EU mulls ban

Oil prices jumped more than $4 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and after a weekend attack on Saudi oil facilities.
21 March 2022, 18:00 PM

German producer prices jump by record 25.9pc

German producer prices maintained their record-breaking rise in February, increasing 25.9 per cent year on year mainly because of energy prices, Federal Statistics Office data showed on Monday.
21 March 2022, 18:00 PM

Pressed to choose sides, China trade favours West

US President Joe Biden’s warning of  “consequences” for any aid China may give to Russia’s Ukraine war effort could force Chinese President Xi Jinping to choose between a longstanding lucrative trade relationship with the West and a growing strategic partnership with Moscow.
21 March 2022, 18:00 PM

Japan presses UAE to pump more oil

Japan on Sunday urged the United Arab Emirates to pump more oil to calm markets rocked by Russia’s invasion of Ukraine, the latest major consumer to lobby Gulf producers.
21 March 2022, 18:00 PM

China keeps lending benchmark unchanged

China kept its benchmark interest rate for corporate and household lending unchanged on Monday, as expected, although analysts say the case for monetary stimulus is building amid mounting external risks to an already slowing economy.
21 March 2022, 18:00 PM

Thailand eases Covid test to boost tourism

Travellers to Thailand will no longer have to take a Covid-19 test before boarding the plane, under plans announced Friday as part of efforts to reboot the kingdom’s pandemic-battered tourism sector.
20 March 2022, 18:00 PM

Poland to ‘de-Russify’ economy

Poland will take steps to sever economic ties with Moscow, the prime minister said on Friday, in a process of  “de-Russification” in response to Russia’s invasion of Ukraine.
20 March 2022, 18:00 PM