World Economic Magazine

DoorDash plunges into loss on pricey grocery expansion

Food-delivery firm DoorDash Inc's (DASH.N) loss widened more than expected in the second quarter as the U.S. upstart spent heavily to expand…

5 years ago

EXCLUSIVE Ex-director seeks to stall $2 bln Paytm IPO, company calls it harassment

Paytm's $2.2 billion IPO is facing an unusual hurdle - a 71-year-old former director has urged India's markets regulator to…

5 years ago

Fund managers position for transitory U.S. inflation

Based on expectations that U.S. inflation will be transitory and that the Federal Reserve will clearly communicate its plans to…

5 years ago

EXCLUSIVE Exxon, Chevron look to make renewable fuels without costly refinery upgrades -sources

U.S. oil major Exxon Mobil Corp (XOM.N), along with Chevron Corp (CVX.N), is seeking to bulk up in the burgeoning renewable fuels…

5 years ago

Analysis: Debt in a warm climate: coronavirus and carbon set scene for default

Where COVID-19 has precipitated unprecedented debts, climate change could trigger defaults across a planet which a United Nations panel says…

5 years ago

Lighter winds slow progress at offshore firms Orsted, RWE

Orsted (ORSTED.CO) and RWE (RWEG.DE), the world's two largest offshore wind players, both suffered from lighter winds in the first half of the…

5 years ago

Kuwait’s economic makeover under threat as small businesses fight for life

Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by the pandemic, potentially torpedoing…

5 years ago

Analysis: Extreme weather sounds alarm for under-insured China

Devastating summer floods in the populous province of Henan in central China are a wake-up call for local authorities to…

5 years ago

Asian shares fall as Delta fears eclipse Wall Street uptick

Asian shares failed to follow a strong close on Wall Street with fears about the spread of the Delta variant…

5 years ago

Oil prices drop as IEA warns of slowdown in demand recovery

Oil prices declined on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the…

5 years ago