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IT will be Christmas in a few more days and then 2021 begins. At this time, the globally economic outlook doesn’t look so good. Slowly but surely, the Covid-19 pandemic is taking its toll.
LONDON: Oil prices tumbled on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand.
NEW YORK: Oil prices tumbled nearly 3% on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand.
Brussels: A European Central Bank (ECB) push to make it easier for the region’s chronically unprofitable banks to merge is facing opposition from some national regulators, with one top official warning it could backfire and damage the integration of the financial system.
Last year has been so-so. Dominated by the emergence of the pandemic Covid-19 and its adverse impact on the world at large. So much so, Covid-19 became the most used word of the year.
LONDON/NEW YORK: A major chunk of the global recovery in companies' earnings expected in the first quarter is at risk of being pushed back further as lockdowns and mobility restrictions in several countries cloud hopes of a swifter economic rebound, investment banks said.
LONDON: Stellantis NV boss Carlos Tavares’ public debut as head of the automaker formed from the merger of Fiat Chrysler and PSA Group was a testament to the delicate balancing act he has ahead.
KUALA LUMPUR: The ringgit opened higher against the US dollar for the third consecutive day, taking advantage of the drifting greenback and the oil market rally.
KUALA LUMPUR: KNM Group Bhd said an indirect wholly owned subsidiary in Italy has secured a RM30mil contract to supply facility equipment intended for a plant in the US.