Business

The British pound held steady on Friday as data showed that previous interest rate rises are beginning to weigh on housing and manufacturing, but official figures showed the economy fared better than previously thought through the COVID-19 pandemic. British factories […]

Red-hot inflation and a plunging peso have fueled calls for Argentina to ditch its currency. Economist Steve Hanke reiterated his view that the country should adopt the dollar as the means of exchange. “DOLLARIZATION is the only way to stop […]

Stocks, bonds and the dollar saw small moves after mixed economic data, with traders awaiting Friday’s jobs report for clues on the outlook for Federal Reserve policy. The S&P 500 edged higher, while still heading toward its worst month since […]

Six months after becoming the chief executive at Shell Plc, Wael Sawan quietly ended the world’s biggest corporate plan to develop carbon offsets, the environmental projects designed to counteract the warming effects of CO2 emissions. In an all-day investor event […]

Woolworths Holdings Ltd. plans to expand its South African food unit after the sale of Australia’s oldest department store chain, David Jones, removed about 18 billion rand ($969 million) in liabilities. The Cape Town-based retailer is opening more outlets that […]

Oil pared earlier gains as traders weighed additional Russian supplies against further Chinese economic stimulus, with thin summer volumes exacerbating swings. West Texas Intermediate traded near $80 a barrel. Russia’s seaborne crude flows soared to an eight-week high, countering a move by China’s […]

The UAE President has appreciated the BRICS leadership for including the Emirates as a member to “this important group”. BRICS is an acronym for the emerging economies of Brazil, Russia, India, China and South Africa. The bloc agreed at its […]

The leaders of Brazil, Russia, India, China, and South Africa are meeting in Johannesburg from Aug. 22 to 24 Prince Faisal bin Farhan is heading the Saudi delegation participating in the BRICS Plus and BRICS Africa Dialogue JOHANNESBURG, South Africa: […]

 Business has vanished at Kingsley Odafe’s clothing shop in Nigeria’s capital, forcing him to lay off three employees. One culprit for his troubles stands out: The U.S. dollar’s strength against the Nigerian currency, the naira, has pushed the price of garments […]

Treasury Secretary Janet Yellen said China’s economic snags pose some risks to the US. “China’s slowdown will have the largest impact on its Asian neighbors, but there will be some spillovers to the United States.” But Yellen remains upbeat about […]