World-Business
Asian shares sink after tech rout pulls Nasdaq 3.5% lower
Asian shares skidded Friday after rising bond yields triggered a broad sell-off on Wall Street that erased the markets gain for the week and handed the Nasdaq composite index its steepest loss since October.
Global shares gain on recovery hopes, earnings outlook
Global shares mostly rose Monday amid hopes economies slammed by the pandemic will bounce back, as attention turned to upcoming company earnings.
FDI down 42pc globally in 2020; UNCTAD expects further weakness in 2021
Global foreign direct investment collapsed in 2020, falling by 42% to an estimated $859 billion from $1.5 trillion in 2019.
Judge says Amazon won’t have to restore Parler web service
Amazon won’t be forced to immediately restore web service to Parler after a federal judge ruled Thursday against a plea to reinstate the fast-growing social media app, which is favored by followers of former President Donald Trump.
China economy grows in 2020 as rebound from virus gains
China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with disease flare-ups.
Volkswagen triples electric car sales ahead of climate rules
Europe's push into electric cars is gathering speed — despite the pandemic.
US bans second Malaysian palm oil giant over forced labor
The U.S. said it will ban all shipments of palm oil from one of the world’s biggest producers after finding indicators of forced labor and other abuses on plantations that feed into the supply chains of some of America’s most famous food and cosmetic companies.
Yearender-Economic Watch: Chinese economy heads into 2021 amid high expectations
The Chinese economy is expected to usher in 2021 with stronger recovery after surviving a triple whammy of COVID-19, economic slowdown and trade protectionism in an eventful 2020.
Well-known brands close NYC branches in record numbers in 2020
New York City has seen almost one in seven nationally recognized chain-store branches close their doors in 2020 as the COVID-19 pandemic ravaged the country and sent consumers scurrying for cover, according to a latest industry report.