Slumping oil demand, prices drive Saudi Aramco profit 44.6% lower
Saudi state oil giant says it will maintain its dividend payment of $18.75bn, most of which goes to the government.
Category Archives: Economy
Is Big Tech the real winner of the US presidential election?
Facebook and Google have drawn record amounts of revenue and criticism in the run-up to the US election.
Stocks get factory data boost, but US election uncertainty looms
Asian markets, US stock futures rise on data showing factory activity growth but investors brace for contested election.
Ahead of giant IPO, China’s Ant faces key question: What is it?
Chinese regulators met executives including billionaire Jack Ma, reportedly said it would be treated as financial firm.
European stocks slump as tougher virus control measures loom
France and Germany are reportedly considering strict new measures to bring a spike in new COVID-19 cases under control.
US elections: What’s at stake for India’s economy?
Four more years of Trump could mean more hardship for Indian firms, but a Biden presidency may not be too different.
Going off on the high seas: Shipping urged to cut food waste
'Logistical failures' that waste food during transportation can be solved using IT, Singapore port operator says.
In the UK, young, non-white people likelier to lose jobs: Survey
Think tank says younger, non-white workers are more represented in sectors that are worst-hit by coronavirus pandemic.
Bouncing back: South Korea’s recession ends as exports surge
South Korea's economy grew by 1.9 percent in third quarter on stimulus measures, after shrinking in the previous two.
China to sanction Boeing, other US firms over Taiwan arms sales
China says it is imposing sanctions to 'uphold national interests' after US approved $1.8bn in new weapons for Taiwan.
Huawei reportedly hoarded 5G chips before Trump sanctions
Huge order of crucial chips for 5G mobile networks suggests mixed success of US campaign against Chinese tech.
Made homeless: S Korean finance minister falls foul of own rules
Hong Nam-ki's new rules aim to protect tenants from rising costs, but landlords are replacing renters, including Hong.
Sweden bans Huawei, ZTE from 5G mobile networks
Fearing espionage, the US has been pressuring European governments to review the role of Chinese firms in 5G networks.
Moderna CEO sees virus vaccine interim data in November: Report
US drugmaker's CEO says Washington could approve vaccine for emergency use in December, Wall Street Journal reports.
China-made Tesla electric cars to start selling in Europe
US-based electric carmaker says it will start shipping entry-level Model 3 from Shanghai factory to Europe this month.
US election concerns, record virus cases push stocks down
Investors are concerned that a contested US election result could lead to volatile prices in stocks and other assets.
China’s economic rebound accelerates as consumers open wallets
Gross domestic product grew by 4.9 percent in the third quarter after a 3.2 percent expansion in the March-June period.
‘Time is running out’: UK tells firms to brace for no-deal Brexit
UK government is due to send letters to 200,000 traders setting out new customs, tax rules as EU trade talks stall.
Fashion victims: Garment workers risk losing jobs during crisis
Clothing brands demand heavy cuts in costs of suppliers, many of whom could be forced to lay off workers, survey finds.
China’s consumers likely gave economy a boost in third quarter
Economic growth is expected to have accelerated to 5.2 percent in the July-September period, economists say.