Transport Secretary Grant Shapps backs rail industry to bolster jobs during visit to manufacturer Silver Fox
The UK’s Secretary of State for Transport, Grant Shapps, has visited manufacturer Silver Fox, to highlight the ongoing work of the rail sector in generating employment, skills and prosperity in difficult economic times.
Why Russian oil price cap is easier said than done
G7 leaders have agreed to study possible price caps on Russian oil and gas to try to limit Moscow’s ability to fund its invasion of Ukraine, G7 officials said on Tuesday.
Exclusive: India’s Tata Steel bought 75,000 tonnes of Russian coal in May
India’s top steelmaker Tata Steel (TISC.NS) imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks after pledging to stop doing business with Russia.
Explainer: How sanctions against Russia are battering the global aviation industry
Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to earlier freezes on Iran and North Korea.
Beijing rule changes to revive China’s IPO prospects in 2022, bankers say
Greater China’s flagging initial public offerings (IPOs) are set to get a fillip in 2022 from the expected unveiling of new rules by Beijing for Chinese firms’ offshore listings, giving clarity to jittery investors, investment bankers and analysts said.
Exclusive: HSBC says clients must have plan to exit coal by end-2023
Europe’s leading banker to corporate Asia, laid out its long-awaited policy on financing thermal coal on Tuesday, and said it expected all its clients to have a plan in place to exit the fossil fuel by the end of 2023.
Singapore bank DBS suffers two-day tech outage, c.bank mulls supervisory action
Singapore’s central bank said on Wednesday that it will consider taking “supervisory action” on DBS Group Holdings Ltd (DBSM.SI) after the Singapore bank’s online banking services faced disruption for the second consecutive day.
Biden imposes new international travel vaccine rules, lifts existing restrictions
U.S. President Joe Biden on Monday signed an order imposing new vaccine requirements for most foreign national air travelers and lifting severe travel restrictions on China, India and much of Europe effective Nov. 8, the White House said.
India’s economy likely rebounded in April-June amid pandemic risks
India’s economy likely rebounded in the April-June quarter from a deep slump last year helped by improved manufacturing and in spite of a devastating second wave of COVID-19 cases.
UK aims to start trade talks with India this year
The United Kingdom said on Tuesday it aims to start negotiations for a trade agreement with India by the end of the year.
