Business

Britain expected to ease visa rules as truck driver shortage bites

Lorries are seen at an HGV parking, at Cobham services on the M25 motorway, Cobham, Britain, August 31, 2021. REUTERS/Peter Cziborra/File Photo Reuters By Michael Holden Britain is expected to announce plans to issue temporary visas to truck drivers to alleviate an acute labour shortage that has led to fuel rationing at some filling stations

Read More

Chinese banks try to calm fears about developer’s debts

The Evergrande headquarters, left, stands in Shenzhen, China, Friday, Sept. 24, 2021. Seeking to dispel fears of financial turmoil, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt, saying they can cope with a potential default. (AP Photo/Ng Han Guan) Associated Press

Read More

Bank of England expected to keep rates steady as inflation risks mount

A person walks past the Bank of England in the City of London financial district, in London, Britain, June 11, 2021. REUTERS/Henry Nicholls Reuters By David Milliken Britain’s central bank looks set to keep interest rates steady later on Thursday as it approaches the end-point of its 895 billion pound ($1.22 trillion) asset purchase programme

Read More

Kenya seeks IMF aid to repay China loans

Public Debt Management Office Director General Haron Sirima. By Business Daily Africa Kenya is considering using funds from the International Monetary Fund (IMF) to repay Chinese loans after it dropped an earlier request to defer debt payments. The Treasury says it could use its additional allocation of IMF reserves in Special Drawing Rights (SDR) assets,

Read More

Asian shares extend losses as China worries darken sentiment

A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, Sept. 21, 2021. Asian shares declined Tuesday, with Tokyo down 2% as worries about heavily indebted Chinese real estate developers weighed on sentiment. (AP Photo/Vincent Yu) Associated Press By YURI KAGEYAMA TOKYO

Read More

Stocks are heading for their biggest slump in almost a year

A woman walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Monday, Sept. 20, 2021. Shares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with both Tokyo and Shanghai closed. (AP Photo/Vincent Yu) Associated Press By DAMIAN J.

Read More

Kenya to get a cut from nurses in deal with UK

President Uhuru Kenyatta with British Prime Minister Boris Johnson in July. By Daily Nation The government will get a percentage of the cash that Kenyan nurses will make in the UK following the deal made by President Uhuru Kenyatta and Prime Minister Boris Johnson in July. The deal is similar to the one made by

Read More

Oil down as strong dollar offsets US supply disruptions

By Anadolu Agency Soaring natural gas prices are also limiting downward trend in crude Oil prices decreased on Friday over a stronger dollar, which hit a three-week high on Friday, however, declines were limited due to the slower-than-expected supply recovery following two hurricanes in the US. International benchmark Brent crude was trading at $75.43 per

Read More

US threatens to ban Chinese firms’ trading in 2024 over market regulations

By Anadolu Agency Gary Gensler says Chinese firms could be prohibited trading from markets if they fail to comply with regulations The US’ Securities and Exchange Commission (SEC) Chairman Gary Gensler warned that Chinese firms might be kicked out of American stock exchanges in 2024 unless they comply with regulations. The head of the US

Read More

EU’s high-tech product sales drop in 2020

By Anadolu Agency Pharmacy sector takes lion share with $110.6B The European Union posted a 7% decline in high-tech product sales in 2020 to stand at €311 billion ($354.5 billion), the bloc’s statistical department said on Tuesday. Despite this decrease, sold production of these products had been rising since 2010, with an average annual increase

Read More