People, wearing face masks, walk past closed shops in Osaka, Japan, on Friday. Associated Press
The global economy has surpassed its pre-pandemic peak, data survey firm IHS Markit said on Monday, as the recovery accelerates thanks to vaccination and the end of pandemic-related restrictions.
A surprisingly sharp slowdown in Chinese economic activity and a rapid Taliban takeover in Afghanistan helped drive global shares lower on Monday.
China on Friday set a modest annual economic growth target, at above 6%, and pledged to create more jobs in cities than last year, as the world’s second-biggest economy planned a careful course out of a year disrupted by COVID-19.
China’s economic recovery quickened sharply in the first quarter to record growth of 18.3% from last year’s deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller firms.
Boeing Co’s 787 Dreamliner has returned to the world market for newly delivered aircraft at a time when demand for wide-body jetliners is finally stirring to life after a prolonged slump.
Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings to selective default and restricted default as they consider the country’s debt restructuring as distressed.
AD Ports Group announced its financial results for the quarter ended 30 June 2022. The Group’s revenue grew 35% Year-on-Year to Dhs1,242 million in Q2 2022