The U.S. economys comeback is firing on all cylinders with employment, retail spending and manufacturing exhibiting strong gains. Thursdays barrage of economic data showed that some parts of the economy, like retail sales, have returned to or exceeded prepandemic levels. Applications for unemployment benefits, while still elevated, hit the lowest in 13 months. The rebound […]

Greenhouse gas emissions regulated under Europe39;s carbon market fell by 13.3 last year, with those from the airlines sector down by almost twothirds, the European Commission said late on Thursday. Around 40 of the European Union39;s output of greenhouse gases is regulated by the Emissions Trading System ETS, the bloc39;s flagship policy for tackling global […]

Europes economy is on track to return to its precrisis levels in 2022, the International Monetary Fund said on Wednesday, though this projection depends on the regions Covid19 vaccination campaign. European countries have been forced to introduce new restrictions or toughen previous public health measures in recent weeks as Covid infections have surged. This led […]

U.S. consumer prices rose by the most in more than 812 years in March as increased vaccinations and massive fiscal stimulus unleashed pentup demand, kicking off what most economists expect will be a brief period of higher inflation. The report from the Labor Department on Tuesday also showed a firming in underlying prices last month […]

In its stock market debut, British food delivery firm Deliveroo saw its share price tank around 30 as questions materialized over workers rights for its riders. In the days running up to the listing, the company revised its share price as some investors opted to avoid the IPO over these concerns. Deliveroo is just one […]

Huawei said Monday that U.S. sanctions on the company are partly to blame for the ongoing global chip shortage thats the subject of a White House conference on Monday. Eric Xu, Huaweis rotating chairman, said the sanctions imposed over the last two years on the Chinese tech company are, hurting the global semiconductor industry because […]

HARARE Reuters Zimbabwes statecontrolled iron and steel company ZISCO has invited new investors to help revive operations at the company that has been the target of interest from Indian and Chinese investors in the past, a company document seen by Reuters showed. Essar Africa Holdings, a unit of Indias Essar Group, agreed to invest up […]

The rally in tech shares has taken the number of people with fortunes of more than 100 billion to eight. Google cofounders Larry Page and Sergey Brin joined the exclusive club last week, entering a group dominated by U.S. tech entrepreneurs, according to the Bloomberg Billionaires Index. The worlds eight richest people together hold fortunes […]

India overtook Brazil as the second worstinfected country behind the United States after data showed that Covid19 cases continued to surge. The South Asian nation reported more than 168,000 new cases over a 24hour period on Monday, according to health ministry data. Around 83 of the new infections were reported in 10 states, including the […]

KARACHI, Pakistan, April 12 Reuters Remittances of 2.7 billion in March from Pakistani workers employed abroad exceeded 2 billion for the 10th consecutive month, and were up 43 from a year earlier, the central bank said on Monday. Proactive policy steps by the government and State Bank to spur inflows through formal channels, combined with […]