business

G7 eyes allocating $100 bln from IMF funds to COVID-ravaged nations-US

The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund's warchest…

4 years ago

Analysis: As EU preps debut recovery bond, a reality check for “safe asset” hopes

As the European Union readies bond sales for its pioneering COVID-19 recovery fund, the scale and duration of the borrowing…

4 years ago

EXCLUSIVE ECB tells Deutsche Bank to find new chairman fast – sources

The European Central Bank has asked Deutsche Bank a number of times in recent months to name a successor to…

4 years ago

UK recovery quickens in April as economy posts record annual jump

Britain's recovery from the COVID-19 pandemic sped up in April as lockdown measures eased, with the fastest monthly growth since…

4 years ago

More Chinese provinces issue bans on cryptomining

Authorities in China's northwestern province of Qinghai and a district in neighbouring Xinjiang ordered cryptocurrency mining projects to close this…

4 years ago

SoftBank’s PayPay surges ahead in Japan’s digital payments race

For six decades, shoppers at Mikawaya, a rice dealer in eastern Tokyo, paid in cash - until sales staff from…

4 years ago

Archer’s flying taxi makes splashy debut in heated market

Archer Aviation unveiled its first electric flying taxi “Maker” in a Tesla-style debut on Thursday as an increasing number of…

4 years ago

GameStop falls 27% on potential share sale, other ‘meme stocks’ falter

Shares of GameStop Corp (GME.N) lost more than a quarter of their value on Thursday and other so-called meme stocks…

4 years ago

Dollar marooned as investors shrug off inflation spike

After a week of anxious waiting, markets got the high U.S. inflation number they dreaded, shrugged it off and moved…

4 years ago

U.S. trade czar Tai says upbeat on prospects for ‘intense’ trade talks with EU

U.S. Trade Representative Katherine Tai said on Thursday she will accompany President Joe Biden to Brussels next week for “intense…

4 years ago