Economy

EU and US working to ensure European gas supplies amid conflict fears

The EU and US announced plans to ensure a stable supply of energy to Europe on Friday as fears grow that Russia might invade Ukraine, unleashing war in the region and disrupting existing pipeline flows. "The United States and the EU are working jointly towards continued, sufficient, and timely supply of natural gas to the EU ...

18:00 Et January 29, 2022

Toyota Becomes Top Auto Seller In 2021

Japan's Toyota retained its title as the top car seller of 2021, according to a press release on Friday. Toyota sold 10.5 million vehicles globally in 2021. The ...

15:00 Et January 28, 2022

Russia denies it will cut gas to Europe if sanctions imposed

The Kremlin has dismissed fears that Russia could turn off the gas tap to Europe in the event of sanctions over its troop build-up on the border with ...

16:30 Et January 25, 2022

Turkey's inflation seen dropping to about 27% by end of 2022

Already rampant inflation in Turkey will rise further in the coming months before declining to around 27% by the end of the year, a Reuters poll showed on ...

11:35 Et January 17, 2022

Arab Maghreb Union has 'tremendous' economic integration potential, Economist says

The Arab Maghreb Union has "tremendous" economic integration potential, according to Abdelaziz Ait Ali, senior economist at the Policy Center for the New South (PCNS). Speaking at "Africafé" ...

11:29 Et January 17, 2022

No sign of 'post-coronavirus boom,' German industry boss says

The economic upswing in Germany has not yet gathered pace, as the coronavirus pandemic continues to cause business widespread uncertainty, industry leaders said on Thursday as they presented ...

19:15 Et January 13, 2022

World Bank downgrades 2022 global growth forecast to 4.1 pct

The global economy is on track to grow by downwardly revised 4.1 percent this year amid new waves of the pandemic, rising inflation and continued supply chain bottlenecks, ...

20:00 Et January 12, 2022

China foreign minister in Sri Lanka to discuss Belt and Road

Chinese Foreign Minister Wang Yi was in Sri Lanka on Sunday seeking to advance Beijing’s ambitious Belt and Road Initiative as the island nation tries to rescue itself ...

15:30 Et January 9, 2022

China's market regulator fines Alibaba, Tencent for failing to report deals

China's top market regulator said on Wednesday it has fined units of Alibaba Group Holding Ltd, Tencent Holdings Ltd, and Bilibili Inc for failing to properly report about a dozen deals. According to public filings, China's State Administration for Market Regulation (SAMR) placed penalties of 500,000 yuan ($78,692) on the companies per deal, the maximum under ...

11:20 Et January 5, 2022

Oil prices slip as China cuts import quotas

Oil prices eased on Thursday after the world's top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing ...

11:37 Et December 30, 2021
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