GameStop mania spreads as far as Malaysian glove makers
Malaysian online community creates buzz around local stocks that have been beaten down by large institutional investors.
Category Archives: Economy
Robinhood or ‘robbing the ‘hood’? Outrage at online broker grows
The online brokerage restricted trading in 'viral' stocks including GameStop, heightening anger among small-time traders.
India to impose permanent ban on dozens of Chinese apps: Reports
India's government imposed initial ban in June but now reportedly says it is 'not satisfied' with companies' responses.
Biden, Johnson talk, but did they discuss US-UK trade deal?
UK says leaders discussed 'benefits of a potential free-trade deal', but US statement makes no mention of one.
Tunisia: IMF urges deficit control even as protesters demand jobs
The international lender says the country must clearly stipulate measures to cut down its huge fiscal deficit.
Biden’s pick for US Treasury leaves door open to wealth tax hike
Janet Yellen also sees no immediate lifting of China tariffs, adds that polluters should pay for carbon emissions.
Brexit ‘opportunity’: Nissan to source more car batteries in UK
UK-EU trade deal avoids a 10% levy on cars as long as they meet a minimum level of locally sourced parts.
Green prize: Elon Musk to give $100m for carbon capture solution
Extracting carbon dioxide from the air is seen as an increasingly viable way of reducing a key driver of climate change.
‘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.
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.