Few countries would like to face the conditions Lebanon is facing at the moment. It is a nation virtually under siege, bearing the brunt of economic and, due to the pandemic, health woes. It has been battered by economic ruin, suffering from a dire
Goldman Sachs Group Inc on Wednesday easily beat Wall Street expectations for first-quarter profit, as the US investment bank capitalized on record levels of global dealmaking activity and a coronavirus-driven boom in stock market trading.
A survey of Norway’s central bank (CB) has showed sharp decline in business activities and investment. Norwegian companies have sharply cut their investment plans because of the coronavirus outbreak and a subsequent decline in the price of crude oil, the country’s main export, a central bank business survey showed on Tuesday.
India’s economy grew by 13.5% in the April-June quarter from a year earlier, pushed up by a boost in agriculture and manufacturing as pandemic curbs eased, official figures released on Wednesday show. The jump follows a 4.1% slump in the January-March quarter, but is lower than the 20.1% annual growth registered in the same
Toyota Motor warned “unprecedented” hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world’s top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry. Also reporting
Japan’s retail sales rose faster than expected in November, thanks to decreasing COVID-19 cases in the month, which have encouraged shoppers to ramp up spending on goods and services. To support the economy, Japan’s parliament last week passed a $317 billion
The election of a newcomer and conservative, Yoon Suk-yeol, of People’s Power Party, as president of South Korea, in a bitterly fought battle and with the narrowest of margin of one per cent over Democratic Party’s Lee Jae-myung should make Korea
This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It was a “polycrisis” year, a term popularised by historian Adam Tooze.
While we are stuck at home about to start our Christmas shopping, cyber week sales will entice many of us to scroll for the best sale prices. This year, Black Friday will, at the time of writing, not involve the familiar images of customers
German business morale fell for the second month running in August, as supply bottlenecks and rising COVID-19 cases drove companies to take a dimmer view of the coming months in Europe’s largest economy, a survey showed on Wednesday.