Shell plans up to 9,000 job cuts with virus driving reductions
Oil firm joins competitors such as BP and Chevron in cutting jobs as they struggle with falling fossil fuel demand.
Category Archives: Economy
Asian factories have been busy, a plus for the global economy
Manufacturing data from China and Japan show growing demand for exports, but jobs remain under pressure.
Kenya’s women entrepreneurs lack access to capital, study finds
Women face pay and promotion disparities as well as obstacles in accessing information, technology and finance.
Markets wobble over Bolsonaro’s funding of programme for poor
Brazilian stocks and currency fell, while interest rates futures rose as investors viewed it as an accounting gimmick.
JPMorgan slammed with $920m penalty over market manipulation
The Commodity Futures Trading Commission imposed its biggest monetary penalty ever on the New York-based lender.
Data v spin: The truth about Trump and the US economy
Can Trump take credit for the economy’s pre-COVID-19 strength? And did his policies really lift all Americans?
Japan’s NTT considers taking mobile unit private in $38bn deal
PM Suga's attempt to push cuts in telecommunications rates could lead to largest-ever offer for a Japanese firm.
Trump admin mulls new sanctions on Iran’s financial sector
Sanctions would cut off Iran from global economy and thwart US from re-entering nuke deal if Biden wins-sources.
Layoffs averted: United Airlines reach deal with pilots
United, American, other airlines are set to lay off workers on Thursday when federal virus aid ends.
Judge urges Apple, Epic Games to bring antitrust case before jury
Apple removed the game Fortnite from its App Store after Epic rolled out its own method of making in-game purchases.
Tax evasion and theft ‘rob Africa’ of $89bn a year: UN study
The estimate is the United Nations Conference on Trade and Development's most comprehensive for Africa to date.
US landlords sue over COVID-19 eviction ban as tenants struggle
Advocates worry that overturning these bans could cause homelessness to spike and force people into crowded shelters.
Masks in short supply as COVID-19 and fires sweep US West Coast
Masks have been hard to find even as air quality in West Coast states ranges from merely unhealthy to hazardous.
Queen Elizabeth II reports $45m hit in income amid pandemic
Lack of income from visitors to royal buildings is likely to bring a general funding shortfall of $19m over three years.
Australia’s latest economic stimulus: Easing bank lending rules
Treasurer Josh Frydenberg says credit flows will be crucial to help Australia's economy recover from the pandemic.
Ex-Cambridge Analytica head banned from running firms in UK
UK state agency blackballs Alexander Nix for letting now-defunct Cambridge Analytica staff offer 'unethical services'.
Layoffs vs housing: More signs of an unequal US economic recovery
The US housing market is on fire while the jobs market is downshifting.
Board or ‘nothing’: Kanye threatens to withhold Gap line
The Yeezy designer took to Twitter to say he will not be releasing his Gap line until he can join the company's board.
US senators urge Netflix to scrap Chinese series, citing Uighurs
In a letter to Netflix, the senators pointed to comments by Chinese author Liu Cixin about China's clampdown on Uighurs.
Gold slides to two-month low while silver takes a bullet
US dollar strength is weighing on precious metals, driving down gold prices and silver, which is now in a bear market.