Business

EU says it expects financial services deal with UK, but trust an issue

Puzzle with printed EU and UK flags is seen in this illustration taken November 13, 2019. REUTERS/Dado Ruvic/Illustration By Huw Jones LONDON (Reuters) – Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month, but the UK’s actions in Northern Ireland makes it harder to

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World shares track Wall St decline as bond yields rebound

A currency trader gestures at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 4, 2021. Asian shares fell Thursday, tracking a decline on Wall Street as another rise in bond yields rattled investors who worry that higher inflation may prompt central banks to raise ultra-low interest

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Rishi Sunak: economic recovery will be ‘swifter and more sustained’

Credit PA Media Victoria Jones Chancellor of the Exchequer, Rishi Sunak outside 11 Downing Street, London, before heading to the House of Commons to deliver his Budget. Picture date: Wednesday March 3, 2021. By David Hughes The UK’s recovery from the economic damage caused by coronavirus will be “swifter and more sustained” than previously thought,

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UK Treasury boss to extend job support, tax breaks in budget

A cleaner sweeps up in front of 11 Downing Street in London, Wednesday, March 3, 2021. Britain’s Chancellor of the Exchequer Rishi Sunak will depart from his official residence to announce his new Budget later Wednesday in parliament. (AP Photo/Kirsty Wigglesworth) LONDON (AP) — Britain’s treasury chief is expected to extend job support programs and

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Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny

Alibaba Group co-founder and executive chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China, September 17, 2018. REUTERS/Aly Song By Yingzhi Yang, Brenda Goh BEIJING (Reuters) – Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers

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Asian stocks sink after Wall St rises

A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, March 2, 2021. Asian stock markets were mixed Tuesday after Wall Street rose as investor concern about possible higher interest rates receded. (AP Photo/Vincent Yu) BEIJING (AP) — Asian stock markets declined

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European shares jump and bond markets recover; February PMIs in focus

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 25, 2021. REUTERS/Staff LONDON (Reuters) – European shares jumped on Monday and the bond market calmed, with yields dropping from their recent spikes, while optimism about U.S. fiscal stimulus sent oil prices higher. After Asian stocks rallied overnight,

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Budget 2021: Sunak’s £5bn plan to rescue high streets from collapse

The high street rescue plan will be announced by the chancellor, Rishi Sunak, in Wednesday’s budget. Photograph: Peter Nicholls/Reuters By Toby Helm and Denis Campbell The chancellor, Rishi Sunak, is to offer 700,000 shops, pubs, restaurants, hotels and other businesses, grants of up to £18,000 each as part of a £5bn rescue scheme to prevent

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Uganda to Sue Kenya, Tanzania over exports blockade

EAC countries including Kenya and Tanzania continue to lock out Uganda’s sugar out of their markets without proper explanation. By Dorothy Nakaweesi Uganda will this week seek to find solutions to the continued blockade of its exports, failure of which, it will seek intervention of the East African Court of Justice. Government, according to Ministry

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Kenyans worth more than Sh3bn revealed

Industrialist Mr Chris Kirubi (left), investor Mr Baloobahi Patel (centre) and Equity chief executive James Mwangi. Sixteen Kenyans dropped out of the ultra-rich list in 2020 as the Covid-19 pandemic disrupted businesses and hammered most asset classes across Africa. The latest instalment of the Knight Frank Wealth Report places the number of Kenyans with a

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