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Kazakh President to address online Climate Ambition Summit

Only by upholding multilateralism, unity and cooperation can we deliver shared benefits and win-win for all nations, Xi stressed. The U.S., the world's second...

USA producer prices increase slightly in November

Prices for food away from home rose by 0.1 per cent, helping to offset the 0.3 per cent decrease in food at home. The increase in the producer price index, wh...

Gold Dips As US Stimulus Talks Drag On

All three major US stock indexes were lower in morning NY trading. Silver fell 0.3% to $23.85 an ounce, while platinum gained 0.2% to $1,003.07 and palladium ...

Honda halts production at Swindon due to parts delays

Port operators have warned of chaos at waterfront terminals after the Brexit transition period ends on January 1 as customs paperwork holds up deliveries, lead...

Ineos Automotive purchases state-of-the-art Hambach plant from Mercedes-Benz

Daimler had planned to manufacture a new generation of somewhat larger electric vehicles at the plant, then decided instead to consolidate production for the u...

ADB sees economic recovery in Pakistan

Highlighting that India is recovering more rapidly than expected, the report said the earlier South Asia forecast of 6.8 percent contraction is upgraded to (-...

Australia To Make Facebook, Google Pay News Outlets For Content

But our legislation will help ensure that the rules of the digital world mirror the rules of the physical world. Senior Labour lawmaker Jim Chalmers said his ...

EU Strikes Deal on Landmark Budget, Virus Recovery Fund

Poland and Hungary are blocking 1.8 trillion euros ($2.18 trillion) in funding because they oppose a clause linking the release of funds to the rule of law. "To...

Brexit: Which countries has the United Kingdom agreed trade deals with?

The agreement "will provide a gateway to Asia for United Kingdom businesses and lock in the benefits of our existing trading relationship", said the DIT in a st...

NASDAQ Hammered on Selloff Day

The S&P 500 tech sector fell 1.9% to lead the index lower. New applications for unemployment benefits in the USA surged last week by 137,000 to 853,000, a...

European Central Bank announces major boost to pandemic programmes

The decisions were largely in line with market expectations. This will be followed by the post-meeting press conference. Aiming to give banks ample liquidity,...

COVID-19 scare aboard Singapore cruise ship a false alarm, authorities say

They will all undergo mandatory COVID-19 testing before leaving the terminal. The cruise industry was dealt a crippling blow by coronavirus. All close con...

Uber Pays Up to Take Backseat on Driverless Cars

The sale of Uber's Advanced Technologies Group has been valued at $4 billion, which is much lower than its valuation of $7.5 billion previous year. Uber's sel...

China’s consumer prices fall for the first time since 2009

Beef and lamb price inflation both fell in November to 4.2 percent year on year and 2.2 percent, respectively, from 7 percent and 3.6 percent in October. Inflat...

Hong Kong police arrest pro-democracy activists in widening crackdown

The 14 officials are vice chairs of the NPCSC, which unanimously adopted the national security law on June 30. The crackdown has led to accusations that Bei...

Boris Johnson in Brussels Tomorrow for Brexit Talks

Any breakthrough would now have to come from the leaders themselves. "The goal of the in-person meeting will be to see if there's a political way through and it...

IKEA turns the page: drops iconic catalogue after 70 years

But as online shopping has soared these days, very few people prefer reading the printed catalogue, hence, the retailer said it had taken the "decision to res...

Wall Street closes higher on vaccine lift; S&P 500, Nasdaq at records

South Korea reported 594 new coronavirus cases on Tuesday, and health authorities predicted daily cases would hover between 550 and 750 this week, and possibl...

Oil slips from multi-month high as virus surge prompt lockdowns

But they faced pushback from countries including the United Arab Emirates, which opposed the extension and wanted countries that had overproduced their quotas t...

JD.com becomes first online platform to accept China's digital currency

Coinciding with another Chinese online shopping festival, Double 12, the municipal government and PBOC will issue 100,000 " red envelopes " worth 200 yuan each ...

Pfizer Versus Oxford Vaccine: How Much Will it Cost in India?

Pfizer India has applied to India's drug regulator for emergency-use authorization for its Covid-19 vaccine, after the company's parent received clearance for t...

China exports surge by forecast-beating 21.1% in November

The strong exports come despite the yuan hovering near multi-year peaks against the dollar, which would be welcome news for policymakers concerned about the imp...

Fuel prices hiked for 13th time in 16 days

In 16 days, the petrol price has gone up by Rs 2.07 per litre and diesel rate has risen by Rs 2.86, largely due to a rise in worldwide oil prices. Surjewala...

EU Brexit trade talks back on, say leaders

Labour's shadow Cabinet Office minister Rachel Reeves said: "The British people were promised a deal and, with time running out, we urge both sides to get on wi...

United Kingdom cabinet to back Boris Johnson over no-deal Brexit

The UK is bound to the EU's tariff-free single market until a post-Brexit transition period expires the end of the year - an immovable deadline by which time th...

Google And Facebook To Extend Work From Home Plan Till 2021

Like many companies, Google has shifted nearly entirely to remote work, but CEO Sundar Pichai is reportedly planning for more employees to return to offices nex...

More record highs for stocks as hopes grow for economic aid

The S&P 500 was 0.5% higher in early trading, putting it on pace to erase its slight loss from the day before and return to a record. Eastern time, and the Nasd...

Indian gov’t, farmers to meet again over highway blockade

We have been on the road for the past several days. He claimed that these laws seek to allow foreign intervention in agriculture and said this will allow corp...

Post-Brexit trade talks paused amid 'significant divergences'

The Brexit transition period comes to an end on 31 December. The Press Association reported that a senior United Kingdom government source claimed Brussels ...

Australian firm to buy Kansas-based Waddell & Reed

The transaction has been approved by the Boards of Directors of LPL Financial, Macquarie Group and Waddell & Reed, and is expected to close in the middle of 202...

England will no longer require ‘high value’ business travelers to quarantine

Senior company executives who deliver "significant economic benefit" and whose work requires them to visit other countries in person will also be exempt. Adding...

Oil rises toward $50 a barrel after OPEC+ supply compromise

In light of the current oil market fundamentals and the outlook for 2021, OPEC+ agreed, beginning in January 2021, to adjust production by 500,000 bpd, accord...

Kennedy introduces bill to streamline forgiveness for PPP loans up to $100000

After court battles and delays, the U.S. Small Business Administration and The Treasury Department released the names of millions of businesses that received co...

RBI Stops HDFC Bank From Digital Launches, Sourcing New Credit Cards

HDFC added that RBI "has advised the bank to temporarily stop all launches of the digital business-generating activities planned under its program Digital 2.0...

Rate-sensitive stocks trade firm after RBI keeps repo rate unchanged

Under SDF, banks can park money with RBI without collateral, at a rate lower than the reverse repo. This is the highest level of retail inflation since May 20...