Lockdown worries knock European stocks, banks hit by reports of illicit money flows
BERLIN: European stocks headed for their worst fall in almost two months on Monday, hit by worries about a surge in coronavirus...
Bitcoin rises 5.6pc to $49,337.72
NEW YORK: Bitcoin rose 5.63 % to $49,337.72 by 0800 GMT on Sunday, adding $2,628.83 to its previous close.
Bitcoin, the world's biggest...
‘US to review new curbs on Huawei, China in Feb meeting’
WASHINGTON: The Trump administration plans to meet this month to discuss further curbing technology exports to China and its flagship telecoms company...
US not extending TikTok divestiture deadline, but talks will continue
WASHINGTON/NEW YORK: The Trump administration on Friday opted not to grant ByteDance a new extension of an order requiring the Chinese company...
US weekly jobless claims stuck at higher levels
WASHINGTON: The number of Americans filing new claims for unemployment benefits hovered at high levels last week, strengthening views that the labour...
‘On a knife edge’: Britain and EU in last-ditch trade talks
LONDON/DUBLIN: Britain and the European Union will make a last-ditch attempt to strike a post-Brexit trade deal this week, with probably just...
‘Extremely damaging’ no deal in Brexit trade talks would cut Bentley’s profits
LONDON: Failure to strike a Brexit trade deal with the EU would be “extremely damaging” and cut profits by up to a...
Covid-19: Nations flood economies with aid; airlines fly into storm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Monday related...
Global stocks fall again despite virus rescue efforts
Financial markets in Europe and the US continued to fall on Monday despite fresh action by the Federal Reserve to support the...
Oil gains on storm-hit US output and Covid-19 treatment hopes
LONDON: Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil...
EU-China ties important for pandemic-hit world economy
GUANGZHOU: A European Union (EU) business leader has expressed optimism for China's economic outlook and underscored the importance of EU-China ties as Covid-19 has cast a...
EU okays 44 billion euro Italian recapitalisation scheme for virus-hit companies
BRUSSELS: EU competition regulators on Thursday gave the green light to a 44-billion-euro ($51.9 billion) Italian recapitalisation scheme for virus-hit large companies,...
Oil eases as Asia’s Covid-19 restrictions dampen sentiment
TOKYO: Oil prices drifted lower on Monday after the recovery of a major US pipeline network eased concerns over supply, though fresh...
China gives Shenzhen more autonomy for market reform, integration
SHANGHAI: China on Sunday detailed steps to grant more autonomy to Shenzhen, letting the southern financial and technology hub pilot reforms in...
Disneyland furloughs more workers, citing ‘limbo’ on reopening
LOS ANGELES: Walt Disney Co DIS.N said on Monday it was furloughing additional workers from its Disneyland theme park in Southern California, because...