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SYDNEY: Australia’s fiscal authorities are taking a leaf out of US Treasury Secretary Janet Yellen’s playbook in deploying spending to push the economy toward maximum employment, a stance that keeps policy aligned with the Reserve Bank.
SAN FRANCISCO: Epic Games faces an uphill legal battle against Apple Inc in an antitrust trial starting Monday, and a defeat for the maker of "Fortnite" could make it harder for U.S. government regulators to pursue a similar case against the iPhone maker, legal experts said.
BRUSSELS: The European Union’s (EU) new standards for classifying sustainable investment will change the way economies operate, divert cash flows and reverberate across the globe, according to the officials in charge of the new rulebook.
ZURICH: Nestle SA sales grew more than twice the rate analysts expected as the Swiss food giant sold more Nespresso capsules to people working from home while restaurants stocked up as they started reopening.
Stronger-than-expected recovery from the pandemic seen
LONDON: United Kingdom households took on more debt and suffered a bigger hit to incomes during the pandemic than those in France and Germany, according to new research that indicates weakness in the potential for an economic recovery.
LONDON: HSBC Holdings Plc has scrapped the executive floor of its Canary Wharf headquarters in London and turned the private offices of its top staff into client meeting rooms and collaborative spaces.