Indonesia scraps huge mining, coal permits

Indonesia on Thursday revoked thousands of permits for mining, coal and forestry as the government battles to rein in its vast resources sector.
6 January 2022, 18:00 PM

Indonesia to review coal export ban

Indonesian coal miners were due to hold talks with government officials on Wednesday on a ban on the country’s coal exports that has unnerved global markets for the fuel and triggered energy security concerns in some major economies.
5 January 2022, 18:00 PM

Germany may clamp down on Google activities

Germany’s antitrust regulator on Wednesday classified Google a company of “paramount significance across markets”, a move paving the way for the authorities to clamp down on any potentially anti-competitive activities.
5 January 2022, 18:00 PM

Do 5G telecoms pose a threat to airline safety?

US telecom companies and airlines have been fighting for weeks over the potential impact of 5G wireless services on aircraft, in stark contrast to the rollout of new-generation services elsewhere, which has broadly gone ahead without airing new safety concerns.
5 January 2022, 18:00 PM

Japan tuna goes for $145,000

The buyer of a $145,000 tuna at Tokyo’s traditional New Year auction said Wednesday he hoped the purchase would “brighten” a Covid-hit 2022.
5 January 2022, 18:00 PM

US financial firms tighten Covid-19 precautions

US financial firms have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron coronavirus variant.
5 January 2022, 18:00 PM

Euro zone recovery stumbles

The euro zone’s economic recovery stuttered in December as a renewed wave of Covid-19 infections curtailed growth in the bloc’s dominant service industry, a survey showed on Wednesday, and could weaken further if tighter restrictions are imposed.
5 January 2022, 18:00 PM

Oil slips below $80

Oil prices slipped below $80 a barrel on Wednesday after OPEC+ producers stuck to an agreed output target rise for February and investors assessed the impact of a spike in Covid-19 cases caused by the Omicron variant.
5 January 2022, 18:00 PM

Oil prices steady ahead of Opec+ meeting

Oil prices were largely steady on Tuesday as investors expected major producers to agree to stick to their planned output increase at their meeting later in the day amid diminishing concerns over the spread of the Omicron variant of Covid-19.
4 January 2022, 18:00 PM

Sri Lanka unveils relief package as food prices soar

Sri Lanka unveiled a $1.1 billion targeted relief package Tuesday to help consumers pay soaring food costs as an economic crisis bites.
4 January 2022, 18:00 PM

Indonesia warns coal supply crunch not over

Indonesia has warned that its coal supply situation remains critical, ahead of Wednesday’s review of its export ban, unnerving global markets for the fuel used to generate most of the electricity that drives Asia’s biggest economies.
4 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

Tesla criticised for opening showroom in Xinjiang

Tesla’s announcement that it has opened a showroom in Xinjiang has attracted criticism from US rights and trade groups, making it the latest foreign firm caught up in tensions related to the far-western Chinese region.
4 January 2022, 18:00 PM

China to order reviews for firms seeking overseas listings

China said on Tuesday it will put in force new rules to increase its oversight of plans by Chinese platform firms to list on overseas stock markets in the latest move to tighten its grip on its sprawling technology sector.
4 January 2022, 18:00 PM

Spain’s jobless number posts record fall

The number of registered jobless in Spain posted a record drop in 2021 as the relaxation of pandemic restrictions boosted its key tourism sector, official statistics showed Tuesday.
4 January 2022, 18:00 PM

Algeria energy firm to invest $40b in five years

Algeria’s state-owned hydrocarbon firm Sonatrach will invest $40 billion into oil exploration, production and refinement as well as gas prospecting and extraction between 2022 and 2026, CEO Toufik Hakkar said Monday.
4 January 2022, 18:00 PM

Evergrande shares rise after day-long trading suspension

Shares in embattled Chinese property giant Evergrande rallied on Tuesday after a day-long suspension, as the company confirmed it had been ordered to demolish part of a resort in Hainan province.
4 January 2022, 18:00 PM

German unemployment declines in December

Germany’s joblessness rate fell slightly in December despite the return of health restrictions to tackle a new wave of coronavirus cases, official figures published Tuesday showed.
4 January 2022, 18:00 PM

Apple becomes 1st US company to reach $3t valuation

Apple became the first US company to hit $3 trillion in market value, briefly reaching the landmark on Monday in the latest demonstration of the tech industry’s pandemic surge.
4 January 2022, 18:00 PM

Troubled Evergrande suspends share trading again

Embattled Chinese developer giant Evergrande announced Monday it was once again suspending trading of its shares in Hong Kong ahead of an announcement.
3 January 2022, 18:00 PM