Spain to cut taxes for digital nomads

The Spanish government adopted Friday measures to attract so-called digital nomads -- remote tech workers who can do their job from anywhere with a good internet connection.
11 December 2021, 18:00 PM

US inflation surges to near 40-year high, testing Biden

US consumer prices rose last month at a rate not seen in nearly 40 years, the government reported Friday, underscoring how inflation threatens the world’s largest economy and President Joe Biden’s public support.
11 December 2021, 18:00 PM

FDI imperative for Bangladesh: gains and strategic options

Over the past five decades, Bangladesh managed to transition to an increasingly manufacturing-based and service-oriented economy and fared well in social indicators. It has registered average gross domestic product (GDP) growth rates of more than 6 per cent in the last 10 years and over 8 per cent in the fiscal year 2019.
11 December 2021, 18:00 PM

EU wants new trade powers to fight foreign bad actors

The European Commission on Wednesday launched a bid to equip Brussels with new powers to swiftly retaliate against efforts by foreign governments to undermine the European economy and businesses.
9 December 2021, 18:00 PM

Apple inches closer to $3t market cap

Apple Inc is within striking distance of a $3 trillion market capitalization, a milestone that would make it as big as the world’s fifth largest economy after Germany, just over a year after breaching the $2 trillion mark.
9 December 2021, 18:00 PM

Turkey and Qatar agree on currency swap deal

Turkey and Qatar have agreed to extend a currency swap deal between their central banks amid the Turkish lira plunging in value fuelling an economic crisis.
8 December 2021, 19:42 PM

Ford invests $900m to modernise Thai auto plants

Ford Motor Co. is investing $900 million to upgrade factories in Thailand that build its Ranger pickup truck and Everest SUV, its largest-ever investment in the country.
8 December 2021, 18:00 PM

Omicron sets back airline industry’s recovery hopes

New travel restrictions prompted by the Omicron coronavirus variant have set back the nascent recovery in international flights, creating delays and headaches in some regions, according to airline and airport officials.
8 December 2021, 18:00 PM

Saudi Arabia, Oman ink deals worth $30b

Saudi Arabia signed agreements with Oman potentially valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman began a tour of Gulf Arab countries, including former rival Qatar.
8 December 2021, 18:00 PM

S Africa economy shrinks for first time in a year

South Africa’s economy shrank for the first time in a year in the third quarter as the country was hit by riots and tighter Covid restrictions, official statistics showed Tuesday.
7 December 2021, 18:00 PM

Saudi Aramco, BlackRock sign $15.5b gas pipeline deal

Saudi Aramco said it has signed a $15.5 billion lease and leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and Hassana Investment Company in its second major infrastructure deal this year.
7 December 2021, 18:00 PM

China pledges housing support after latest default

China on Monday announced a reserve ratio cut and renewed support for the housing market as another Chinese property developer said it had defaulted on a major bond repayment.
7 December 2021, 18:00 PM

IMF sees China’s growth ‘slowing notably’

China has an important part to play in the global economy as it recovers from Covid-19, but its growth is slowing, IMF Managing Director Kristalina Georgieva said Monday.
7 December 2021, 18:00 PM

Biden vows to fix US money laundering loopholes

President Joe Biden’s administration will announce an anti-corruption strategy meant to tackle two major vehicles for money laundering in the United States -- real estate transactions and shell companies.
7 December 2021, 18:00 PM

China’s export growth loses steam in Nov

Export growth in China lost some steam in November as holiday demand from abroad faded, official data showed Tuesday, but demand for overseas fuel pushed up imports to spike above expectations.
7 December 2021, 18:00 PM

China central bank to cut reserve requirement ratio

China’s central bank said on Monday it would cut the amount of cash that banks must hold as reserves, its second such move this year, releasing 1.2 trillion yuan ($188.24 billion) in long-term liquidity to bolster slowing economic growth.
6 December 2021, 18:00 PM

Bitcoin tumbles 5pc after weekend battering

Bitcoin tumbled almost 5 per cent on Monday as the start of the week offered little respite to the world’s largest cryptocurrency after a bruising weekend where at one point it lost over a fifth of its value.
6 December 2021, 18:00 PM

Evergrande braces for debt deadline after doubting ability to pay

After lurching from deadline to deadline, China Evergrande Group is again on the brink of default, with pessimistic comments from the property developer raising expectations of direct state involvement and a managed debt restructuring.
6 December 2021, 18:00 PM

Weaker foreign demand sinks German industrial orders

Weaker demand from abroad drove a much bigger than expected drop in German industrial orders, including cars, in October, data showed on Monday, further clouding the growth outlook for manufacturers in Europe’s largest economy.
6 December 2021, 18:00 PM

Chinese developer misses repayment of $179m

Another Chinese property developer said Monday it had defaulted on a major bond repayment, citing liquidity problems amid a government crackdown on the debt-laden sector.
6 December 2021, 18:00 PM