Markets

MADRID: The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist Carmen Reinhart said on Thursday (Sep 17). "There will probably be a quick rebound as all the restriction measures linked to lockdowns are ......

Commerzbank's management shake-up continued on Thursday with the announcement that the board member responsible for private clients, Michael Mandel, would leave the German lender.

AMSTERDAM: Global green bond sales are heading for another record year as a flurry of September deals, including Germany's debut sovereign issue, have roused the market from a coronavirus-induced lull. Green issues, which source financing for environmentally beneficial expenditures, are crucial to ...

SINGAPORE: Construction demand this year is expected to plunge by billions of dollars, after COVID-19 battered the industry and brought projects to a standstill. The Building and Construction Authority (BCA) on Thursday (Sep 17) said it has revised its projected construction demand to between S$18 ...

Britain's accounting regulator said on Thursday it has fined Deloitte a record 15 million pounds (US$19.4 million) for its audit of software firm Autonomy that contained "serious and serial failures".

The French government is looking into options to try to save jobs and prevent the closure of the Bethune tyre plant in northern France that Japan's Bridgestone plans to shut.

The proposal envisages Oracle becoming a "trusted" technology partner, while a source familiar with the situation said ByteDance is to hold majority ownership of TikTok.

Delays to General Motors' sale of its Indian plant to Great Wall Motor due to tensions between India and China are likely to result in hefty unplanned costs for the U.S. automaker, people familiar with the matter said.

China's ByteDance faces an uphill struggle to convince the White House to allow it to keep majority ownership of its popular short video app TikTok in the United States, according to former national security officials and regulatory lawyers.

LONDON: Nearly two thirds of people in leading Western European countries would consider augmenting the human body with technology to improve their lives, mostly to improve health, according to research commissioned by Kaspersky. As humanity journeys further into a technological revolution that ...