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Economy

Euro renaissance emerges from rescue package

WASHINGTON: There’s been a seismic shift in the euro’s fortune.

Retail

Britain’s employment drops most since 2009 as labour crisis looms

LONDON: UK employment fell by the most since the global financial crisis at the height of the nation’s coronavirus lockdown, in a taste of a mounting labour-market crisis.

Business

German investor sentiment improves in August

BERLIN: Investor sentiment in Germany picked up more than expected in August, a ZEW survey showed, reflecting hopes that Europe’s biggest economy is on the road to recovery after the devastation caused by the coronavirus pandemic.

Construction

Keppel falls 13% as Temasek scraps US$3bil bid

SINGAPORE: Shares in Singapore’s Keppel Corp fell 13% after Temasek Holdings abandoned its US$3bil conditional offer for the conglomerate by invoking a material adverse change clause following the company’s poor financial results.