Economic news

British companies on Tuesday cried out for a fresh $10.3 billion worth COVID-19 relief package, saying that they can no longer wait until March to find out if the government included pandemic support for them. According to the Confederation of British Industry, firms now face crucial decisions about jobs and investment, hence the need to […]

China will lay out policy support for its economic recovery this year; also to avoid a fiscal cliff as small businesses continue to be dragged down by the COVID-19 crises. This development was affirmed by a senior official at the state planner on Tuesday. With an upbeat economic output in the final quarter of 2020, […]

On Tuesday, Logitech International raised its year-on-year outlook as it also reported an upbeat quarterly operating income. The company increased its forecast mainly from a coronavirus-driven surge in demand as more people purchased work-from-home and gaming equipment. The computer peripherals and software maker raised its 2021 outlook for sales and profit for the third time. […]

Asian share markets recorded an upbeat performance on Tuesday. The series of gains could be attributed to an expansion seen in China’s economy, with investors hoping that this will bolster growth across the region even as the coronavirus crisis brought in contraction concerns. MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.98%, placing close […]

The dollar held on to Monday’s gains, while the yen surged as weak U.S. economic data and increasing global COVID-19 cases kept investors cautious. The euro fell under pressure amid lockdowns and political turmoil in Italy. The euro fell to a six-week low of $1.2066 in Asian trade and dropped to a one-month low of […]

Oil prices slid further on Monday from recent 11-month highs, ending a rally that began in October on strong Chinese demand and output cuts, with the market outlook doubted as COVID-19 cases rose. Brent crude dropped 0.5%, or 30 cents, at $54.79 per barrel following a 2.3% decline on Friday. U.S. oil fell 0.4%, or […]

Turkey has unveiled a 138.5 billion lira ($18.53 billion) public investment programme set for this year, with transportation and communication sectors getting the largest allocation of the investment funds. Published in the Official Gazette on Friday, Turkey will embark on a public investment programme that is seen to boost its virus-beaten economy. Almost $6 billion […]

Fast COVID-19 vaccinations and decreasing coronavirus cases are believed to have a good economic impact as Israel’s Finance Ministry said on Sunday that the country’s economy in 2021 is likely to expand by 4.6%. However, if the health sector of Israel goes critical because of new virus mutations or inoculations taking longer than expected, forcing […]

China had seen an economic expansion in the fourth quarter, recording a 6.5% jump from a year earlier, data from the National Bureau of Statistics showed on Monday. The growth in the country’s gross domestic product came faster than the 6.1% forecast predicted by economists in a Reuters survey. More so, the figure placed higher […]

Asian share markets eased from declining on Monday as China’s economy expanded in the fourth quarter. The country’s economic rebound could be attributed to an increase in its factory output, completely outweighing disappointing reports about consumer spending in the United States.   MSCI’s broadest index of Asia-Pacific shares outside Japan salvaged losses to close its […]