Business & Economy
Pandemic recovery plans neglecting green economy: OECD
AFP, Paris :The OECD on Monday faulted governments for neglecting the green economy in multi-trillion recovery plans against the impact of Covid-19, thus threatening to...
UK unemployment climbs to 4.1pc on virus fallout
AFP, London :Britain’s unemployment rate jumped above four percent in July on economic fallout from the coronavirus pandemic, official data showed on Tuesday.The rate grew...
UK facing one million job cuts in 2020 due to virus: Study
Coronavirus could potentially cost one million jobs in Britain this year, with most losses anticipated during the current third quarter, according to a study published...
UAE, Israel sign first banking deal
AFP, Dubai :The National Bank of Dubai, the largest banking group in the emirate, signed a memorandum of understanding Monday with Israel’s Bank Hapoalim, on...
EU, China resume trade talk despite rifts
AFP, Brussels :EU leaders will talk to Chinese President Xi Jinping seeking trade and investment Monday, despite tensions over Hong Kong’s freedoms and Beijing’s treatment...
S.African economy could shrink more than forecast : minister
AFP, Johannesburg :South Africa’s Finance Minister Tito Mboweni warned Sunday the economy could shrink by more than the 7 percent forecast by policymakers and the...
Euronext, Italian groups bid to buy Milan bourse
AFP, Paris :Pan-European stock market operator Euronext announced Monday it has submitted an offer to buy Milan’s Borsa Italiana from the London Stock Exchange Group...
SoftBank Group selling Arm to NVIDIA for up to $40b
AFP, Tokyo :Japan’s SoftBank Group said Monday it is selling British chip designer Arm to US chip company NVIDIA for up to $40 billion, potentially...
Asian markets on front foot as vaccine hopes to get boost
AFP, Hong Kong :Asian markets pushed higher Monday as investors creep back after a recent sell-off, with coronavirus vaccine hopes given a boost and traders...
