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Markets

On the cusp of Brexit trade deal, EU and UK hash out final details

Britain and the European Union were on the cusp of striking a narrow trade deal on Thursday, swerving away from a chaotic finale to the Brexit split that has dealt a blow to the 70-year attempt to forge European unity from the ruins of World War Two.

Markets

Defying Congress, Trump vetoes defence Bill, threatens government shutdown

Americans on Wednesday faced the prospect of a government shutdown during a pandemic as outgoing President Donald Trump, angry at his fellow Republicans in Congress, threatened not to sign a US$2.3 trillion government funding and coronavirus aid package.

Markets

Asian stocks eye gains as Brexit deal hopes grow

Asian shares were set to rise on Thursday ahead of the Christmas break, as global investors cheered a potential Brexit deal and economic recovery prospects, largely ignoring U.S. President Donald Trump's threat to veto a long-awaited COVID aid package.

Markets

Brexit trade deal marathon heads to the finish line

BRUSSELS :Britain and the European Union appeared close to clinching a long-elusive trade agreement on Wednesday, raising hopes that they were now set to avoid a turbulent economic rupture on New Year's Day.

Markets

Recovering, but still reeling: Wuhan businesses, tourism one year on from COVID-19 outbreak

WUHAN: It's full house at the Dragon Boat Restaurant on a Sunday night, and a line of diners are waiting to get in. For Mr Wu Cheng, the 28-year-old owner, it's a welcome sight. But while business is improving, crowd levels are only at 70 to 80 per cent...

Markets

American Airlines moves ahead with worker recalls even as Trump balks at aid deal

CHICAGO :American Airlines said on Wednesday it is moving forward with plans to bring back furloughed workers and give them paychecks by Dec. 24, even after President Donald Trump threatened to veto a coronavirus relief bill.

Markets

Commentary: Can the world benefit from China’s economic resilience yet again?

SINGAPORE: China is widely reported to be the first and only G20 economy to recover from the COVID-19 pandemic with growth in 2020. This reverses the shrinkage of its economy by 6.8 per cent in the first quarter of the year due to the initial lockdown reaction to the...

Markets

Commentary: Christmas gift shopping this year gives shoppers much needed retail therapy

The disruption caused by COVID-19 has set the stage for some big spending this Christmas, say observers.

Markets

Nuro gets first California OK to charge money for self-driving services

:Robotics company Nuro on Wednesday received the first-ever permit to commercially deploy its self-driving vehicles in California, allowing the Silicon Valley firm to charge clients for its driverless delivery service.

Markets

Asiapac social bonds closing in on US$10b; robust growth seen for 2021

THE urgent need to fund Asia's prolonged fight against the pandemic has spilled over into the region's capital markets, via the issuance of social bonds that has more than tripled since the onset of Covid-19.

Markets

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