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Volkswagen's strong sales, including of its electric vehicles, is set to be stymied by the worsening shortage of semiconductor chips.
TOKYO (Reuters) - When Kye Whyte pressed his front wheel against the starting gate before launching down the ramp at Ariake Urban Park in Tokyo on Thursday it was a landmark moment for a south-London BMX racing dynasty.
KUALA LUMPUR: The government will implement consolidation measures to strengthen its fiscal position including broadening the revenue base, enhance the tax administration and compliance, as well as increase the efficiency in spending to control the fiscal deficit level when the economy is restored, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
LONDON (Reuters) - Britain's BT reported a better-than-expected 3% rise in adjusted first-quarter earnings on Thursday, which it said reflected improved trading across most of its business and underpinned its confidence it was on the path to growth.
HONG KONG (AFP): Asian markets rose Thursday (July 29) as the Federal Reserve acknowledged the US recovery was well on track but it would not taper monetary policy just yet, while Hong Kong was lifted after China sought to reassure investors over its latest regulatory crackdown.
SEOUL (Reuters) -Samsung Electronics Co Ltd on Thursday forecast strong demand for memory chips in the second half and a recovery in the mobile market to 2019 levels, in a sign the global economy is getting back on track from the coronavirus pandemic.
NEW YORK: Oil settled near US$75 a barrel on Wednesday after data showed U.S. crude inventories fell to pre-pandemic levels, bringing the market's focus back to tight supplies rather than rising COVID-19 infections.
NEW YORK: U.S. stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track.
(Reuters) - Lewis Hamilton can become the first Formula One driver to win 100 races but Red Bull's world championship leader Max Verstappen intends to be the one celebrating in Hungary on Sunday.