9h ago| Europe

UK retail sales extend slump

UK retail sales volumes dropped for a fifth month in a row during September, official data showed Friday, as the country suffers supply constraints and high prices.

9h ago| Europe

Eurozone growth slows as prices jump: survey

The recovery of the eurozone economy is losing steam, a closely watched survey said on Friday, with big supply chain problems at factories causing price hikes not seen in twenty years.

9h ago| Global Economy

Malaysia lifts migrant worker ban

Malaysia will let foreign workers back into the country after an almost 16-month hiatus due to the Covid-19 pandemic, and allow some tourists back to its resort island of Langkawi, its prime...

5d ago| Global Economy

China’s GDP growth hits 1-year low

China’s economy grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic Covid-19 outbreaks and raising heat on policymakers amid rising...

5d ago| Global Economy

Tight US job market triggers strikes for more pay

Thousands of workers remain on strike across the United States demanding higher pay and better conditions despite Hollywood make-up artists and camera operators reaching a deal over the weekend to...

5d ago| America

US supply chain woes to stretch into 2022: Biden admin

The US transportation secretary on Sunday warned that America’s supply chain woes including clogged ports will drag into next year, potentially cramping the upcoming holiday shopping season in the...

October 24, 2021
October 24, 2021

US budget deficit falls to $2.8t

The US budget deficit narrowed slightly in the past year as the economy recovered from the pandemic, falling $360 billion to $2.8 trillion, the government reported Friday.

October 24, 2021
October 24, 2021

Malaysia lifts migrant worker ban

Malaysia will let foreign workers back into the country after an almost 16-month hiatus due to the Covid-19 pandemic, and allow some tourists back to its resort island of Langkawi, its prime...

October 24, 2021
October 24, 2021

Eurozone growth slows as prices jump: survey

The recovery of the eurozone economy is losing steam, a closely watched survey said on Friday, with big supply chain problems at factories causing price hikes not seen in twenty years.

October 24, 2021
October 24, 2021

UK retail sales extend slump

UK retail sales volumes dropped for a fifth month in a row during September, official data showed Friday, as the country suffers supply constraints and high prices.

October 22, 2021
October 22, 2021

New Zealand to make banks report climate impact

New Zealand passed a law Thursday forcing banks to reveal the impact of their investments on climate change, describing it as a world-first move to make the financial sector’s environmental record...

October 22, 2021
October 22, 2021

Supply bottlenecks, labour shortages slow US growth: Fed

Supply bottlenecks and labor shortages have slowed US economic growth and contributed to a sharp rise in prices, the Federal Reserve said Wednesday.

October 22, 2021
October 22, 2021

British govt borrowing improves ahead of budget

UK government borrowing fell by more than expected in September but remains elevated on Covid, official data showed Thursday ahead of next week’s budget announcement.

October 22, 2021
October 22, 2021

US bans Malaysian firm’s gloves over forced labour

The United States has barred imports from a Malaysian latex glove maker over alleged labour abuses, the latest firm from the country to face such a ban.

October 22, 2021
October 22, 2021

UN launches cash plan to prop up Afghan economy

The United Nations on Wednesday launched a funding programme aimed at preventing the Afghan economy from collapsing during the winter by getting cash flowing through the local economy again.

October 20, 2021
October 20, 2021

Oil prices rise

Oil prices rose on Tuesday, recouping earlier losses, as falling temperatures in China revived concerns about its ability to meet heating demand needs amid power and coal shortages.