Oil prices dropped on Monday on big spikes in COVID-19 infections over the weekend in the United States and elsewhere while traders await an OPEC technical meeting expected to recommend an easing of supply cuts. LONDON: Oil prices dropped on Monday on big spikes in COVID-19 infections over the weekend […]
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LONDON: The European Union’s benchmark carbon permit price hit a 14-year high at just over 30 euros (US$33.93) per tonne early on Monday (Jul 13). The price for permits for delivery in Dec 2020 traded under the EU’s Emissions Trading System (EU ETS) was 30.13 euros a tonne at 0819GMT, […]
BEIJING: The slump in China’s exports likely eased in June as some countries reopened their economies, while imports contracted less sharply on higher crude oil and commodities purchases, a Reuters poll showed on Monday (Jul 13). June exports from the world’s second-largest economy are expected to have contracted 1.5 per […]
TOKYO: Tokyo Governor Yuriko Koike, often floated as a future Japanese prime minister, said on Monday (Jul 13) the Olympics must go ahead next year as a symbol of world unity in overcoming COVID-19, even as her city grapples with stubborn spikes in cases. Japan has not seen an explosive […]
NIBC has agreed to a proposed takeover by Blackstone , the Dutch bank said on Monday, despite the U.S. private equity firm lowering its bid in light of the COVID-19 pandemic. AMSTERDAM: NIBC has agreed to a proposed takeover by Blackstone , the Dutch bank said on Monday, despite the […]
Smartphone shipments in China fell 16per cent in June compared with a year earlier, according to government data released on Tuesday. SHANGHAI: Smartphone shipments in China fell 16per cent in June compared with a year earlier, according to government data released on Tuesday. The numbers suggest that handset demand in […]
SYDNEY: Corporate travel agents are using the coronavirus-induced lull in bookings to work with companies on how to get their staff out of Zoom videoconferences and safely back in the air. They are launching new tools to provide on-the-ground information about local mask requirements, social distancing regulations and quarantine rules, […]
Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8per cent from 6.4per cent, cashing out around US$9.6 billion at its current share price, the firm’s annual filing released on Friday showed. SHANGHAI: Alibaba Group Holding Ltd co-founder Jack Ma […]
BOURNEMOUTH: Bournemouth defender Nathan Ake is unlikely to feature in their three remaining Premier League games this season after picking up a knock in Sunday’s (Jul 12) 4-1 win over Leicester City, manager Eddie Howe said. The centre back, who started 29 league matches this season, was taken off after […]
SPIELBERG, Austria: Six-times world champion Lewis Hamilton dominated the Styrian Grand Prix in a Mercedes one-two on Sunday (Jul 12) to celebrate his 85th Formula One win and move a step closer to Michael Schumacher’s record of 91 victories. Finnish team mate Valtteri Bottas, winner of last weekend’s season-opener that […]