The stranded megacontainer vessel, Ever Green in the Suez Canal, is holding up an estimated 400 million an hour in trade, based on the approximate value of goods that are moved through the Suez every day, according to shipping data and news company Lloyds List. Lloyds values the canals westbound traffic at roughly 5.1 billion […]

Data for the year so far show signs that China is starting to crack down on debt. A firstquarter survey by the China Beige Book released Thursday found that borrowing by stateowned enterprises dropped to the lowest in the studys roughly 10year history. Overall borrowing fell to its lowest in three years, while that of […]

At a time when U.S. agencies and thousands of companies are fighting off major hacking campaigns originating in Russia and China, a different kind of cyber threat is reemerging activist hackers looking to make a political point. Three major hacks show the power of this new wave of hacktivism the exposure of AIdriven video surveillance […]

WeWork has agreed to go public through a merger with blankcheck firm BowX Acquisition Corp that values the officesharing startup at 9 billion including debt, the Wall Street Journal reported on Friday, citing people familiar with the matter. The company disclosed to prospective investors it had lost about 3.2 billion last year as part of […]

Fewer than expected Americans filed new claims for unemployment benefits last week as economic activity rebounds after weatherrelated disruptions in February, but it would likely take years for the labor market to fully recover from the pandemics scarring. Initial claims for state unemployment benefits totaled a seasonally adjusted 684,000 for the week ended March 20, […]

The massive container ship that ran aground in the Suez Canal, halting traffic in one of the worlds busiest waterways, is still stuck after little progress appeared to be made on Wednesday to dislodge the ship. The ship, called the Ever Given, became horizontally wedged in the waterway following heavy winds. Multiple tugboats were sent […]

The European Central Bank sought on Thursday to allay misgivings in Germany about the launch of a digital euro, saying this form of electronic cash wouldnt be used to penalise savers or upend banks. The ECB is exploring the launch, within the next five years, of a digital version of the euro to stem competition […]

Euro zone business activity unexpectedly grew this month, a preliminary survey showed, but with much of Europe suffering a third wave of coronavirus infections and renewed lockdown measures, that may not last through April. Factories ramped up output at the fastest monthly pace in over 23 years, countering a continuing slowdown in the currency blocs […]

Only a few weeks ago, many European countries were hoping their more affluent citizens would by now have started spending nest eggs built up during the pandemic to trigger a consumerled recovery in the regions economy. But with the spread of COVID19 prompting new lockdowns across the continent and vaccine campaigns behind schedule, it is […]

Worsening tensions between the European Union and China could jeopardize an investment deal that the two sides recently negotiated. The EU on Monday imposed sanctions on four Chinese officials and one entity for human rights abuses in Chinas northwestern Xinjiang region. The move was part of a coordinated action against Beijing by the U.S. and […]