‘Can’t cope’: After Brexit, UK border customs system hits limit
UK exporters say they are struggling to obtain key documents that would allow them to ship goods to EU without delay.
Category Archives: Economy
Recovery concerns push Asian shares lower despite US boost
Rising COVID cases in China spook investors hoping for rapid economic rebound despite big US spending plan by Biden.
South Korea’s unemployment rate hits 11-year high
Number of people in work slumped at the fastest rate in nearly 21 years as shops, restaurants were slammed by COVID.
Parler: Amazon defends booting messaging app over violent content
Amazon suspended Parler after it was used by Trump supporters to organise storming of US Capitol last week.
Marooned: Investors want seafarers’ COVID crisis to end
Hundreds of thousands of sailors are thought to be stranded on ships for months due to the pandemic.
No Parler? No problem, as more apps claim to allow ‘free speech’
Amazon removed Parler, a messaging app popular with supporters of US President Donald Trump, from its hosting service.
Bumper wheat crop helps Australia look beyond China
Heavy rain has boosted Australian wheat production, allowing it to sell the crop as far away as North Africa and Europe.
Plastic under scrutiny: Bank lending to industry faces opposition
Environmental campaigners want banks to clamp down on lending to plastics industry, similar to their action against oil.
US Democrat Senate wins push stocks higher despite Capitol chaos
Clean sweep by Democrats allows them to enact big-spending policies likely to benefit the economy, investors say.
Alibaba,Tencent shares fall after reports of US investment ban
US authorities reportedly considering banning investing in the Chinese tech giants amid intensifying Trump campaign.
US criticises India, Italy and Turkey over digital taxes
US Trade Representative says digital taxes in these countries discriminate against US firms, paving the way for tariffs.
UK CEOs earn more in a day than average workers paid in a year
A new report by UK think-tank the High Pay Centre says top British CEOs earn about 120 times that of the typical worker.
For first time, oil giant Exxon reveals full scope of emissions
Exxon's emissions from petroleum-product sales in 2019 were about the same as those for all of Canada, its data show.
Trump signs order banning transactions with eight Chinese apps
Ban includes transactions with Alipay, owned by Jack Ma's Ant Group, which is also under regulatory pressure in China.
Double U-turn? US exchange may yet delist China telecoms firms
New York Stock Exchange had been planning to reverse its decision to delist three Chinese telecoms firms.
Large US airlines back global COVID-testing requirements: Report
US carriers group urges Trump to rescind ban on travellers from several regions in line with health recommendations.
Singapore’s recovery from its worst recession proves to be patchy
The Southeast Asian trading hub's economy shrank by 5.8 percent in 2020, with recovery expected to be gradual.
OPEC+ meeting to decide oil production levels after a dismal 2020
Meeting comes amid uptick in prices towards the end of last year despite markets remaining uncertain.
Under pandemic pressure, drugmakers raise prices in US: Report
COVID-19 has cut doctor visits and demand for some drugs, denting pharmaceutical firms' revenues.
Here are some ways that COVID is transforming cities everywhere
With shops closing and people working from home, urban centres are emptying out while demand for parks is growing.