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BUSINESS

China export growth slows sharply in August: official data

AFP, Published on 07/09/2022

» BEIJING: China's export growth slowed significantly in August, customs authorities said Wednesday, as economic uncertainty is exacerbated by strict Covid-19 lockdowns across the country.

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BUSINESS

El Salvador marks 1st year of Bitcoin use as confidence wanes

AFP, Published on 07/09/2022

» EL ZONTE, El Salvador: A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much-criticised decision by President Nayib Bukele.

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BUSINESS

Germany agrees 65bn-euro inflation relief package

AFP, Published on 04/09/2022

» BERLIN:The German government on Sunday unveiled a new multi-billion euro plan to help housesholds cope with soaring prices, and said it was eyeing windfall profits from energy companies to help fund the relief.

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BUSINESS

Volkswagen shifts gear with Oliver Blume taking wheel

AFP, Published on 01/09/2022

» FRANKFURT: Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.

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BUSINESS

Energy price hikes could force UK pubs to shut

AFP, Published on 30/08/2022

» LONDON: British pubs could be forced to close because of massive increases in energy prices, leading industry figures said on Tuesday, urging the government to step in.

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BUSINESS

California says new cars must be zero emission by 2035

AFP, Published on 26/08/2022

» LOS ANGELES: California ruled Thursday that all new cars sold in America's most populous state must be zero emission from 2035, in what was billed as a nation-leading step to slash the pollutants that cause global warming.

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BUSINESS

Gas prices approach record peak on Russian supply fears

AFP, Published on 26/08/2022

» NEW YORK: European natural gas prices climbed Thursday towards a record peak on heightened fears over Russian supplies, while equities rose on the eve of a key speech from Federal Reserve Chair Jerome Powell.

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BUSINESS

South African inflation hits new 13-year high

AFP, Published on 24/08/2022

» JOHANNESBURG: Inflation in South Africa accelerated to its highest level in 13 years in July, pushed mainly by surging food, transport and electricity prices, official data showed Wednesday as workers staged protests over the high cost of living.

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BUSINESS

Cuba authorises foreign investment in wholesale, retail

AFP, Published on 17/08/2022

» HAVANA: The Cuban government has announced it will allow foreign investment in domestic wholesale and retail trade for the first time in 60 years, in a move aimed at addressing critical shortages of goods.

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BUSINESS

Disney+ subscribers surge as Netflix stumbles

AFP, Published on 11/08/2022

» SAN FRANCISCO: The Disney+ streaming service saw its number of paying subscribers leap beyond expectations in the last quarter, as rival Netflix's client count ebbed, results showed Wednesday.