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Business

US, European stocks end at records on US stimulus, Brexit deal

On December 24, Britain and the European Union agreed a post-Brexit deal that allayed the threat of disruption to business on January 1, when measures extending free trade are set to end.

Dec 29, 2020

By AFP News

Brexit European Union

Asian markets mostly up on US relief bill

The emergency US package is part of a larger spending bill that, with Trump's signature, will avoid a government shutdown on Tuesday.

Dec 28, 2020

By AFP News

Donald Trump

China begins anti-monopoly probe into tech giant Alibaba

China's market regulator in November issued draft antitrust guidelines for internet platform economies that highlighted examples of anti-competitive behaviour.

Dec 24, 2020

By Laurie Chen

McDonald's China offers weird limited edition 'Oreo x Spam burger'

The latest burger creation features two extra-thick slices of Spam topped with Oreo crumbs and the brand's classic burger sauce

Dec 22, 2020

By Nina Siena

Stocks, oil prices, sterling pressured by new virus strain

Fears about the new Covid-19 strain blunted the boost from the deal hammered out by US legislators on a $900 billion relief package.

Dec 22, 2020

By AFP News

Brexit European Union

US lawmakers reach deal on $900 bn stimulus package

The Fed has estimated that the jobless rate will end the year at 6.7 percent before dipping to 5 percent next year.

Dec 21, 2020

By Delphine Touitou

Donald Trump

UK cannabis fund JPD Capital continues growth with Spanish expansion

A new business is set up, spans two continents, becomes a pioneer in its sector, makes two acquisitions and enters a joint venture. It plans to list on the London market next year.

Dec 18, 2020

By Dan Atkinson

Coca-Cola to cut 2,200 jobs globally

The move follows Coca-Cola's August announcement of plans to streamline operations.

Dec 18, 2020

By AFP News

Asian markets mostly rise on hopes for US stimulus, Brexit talks

After a slow start, Tokyo, Hong Kong and Shanghai were all well up, while Sydney put on more than one percent and Mumbai also enjoyed strong gains.

Dec 17, 2020

By AFP News

Brexit European Union

Western Sahara: King Mohammed VI of Morocco brokers game-changing deal for the region

One of the most ancient and forgotten conflict in the world has just witnessed a major evolution with the US decision to recognize "Moroccan sovereignty over the entire Western Sahara territory".

Dec 15, 2020

By IBT UK Contributor

European Union chief negotiator Michel Barnier

Asian markets fall as virus surge leads to new lockdowns

The pound was holding up as British and European Union negotiators pressed ahead with talks on a trade deal with just over two weeks until the December 31 deadline.

Dec 15, 2020

By AFP News

Brexit

Vaccine, Brexit hopes buoy global stocks; US retreats

British Prime Minister Boris Johnson and EU chief Ursula von der Leyen had said after a crisis call that they would "go the extra mile" to find common ground.

Dec 15, 2020

By AFP News

Brexit European Union England United Kingdom

iPhone factory at Narsapura, near Bangalore

Workers riot at India iPhone factory over 'exploitation' claims

Labour unrest is not uncommon in India, with workers paid poorly and given few or no social security benefits.

Dec 14, 2020

By AFP News

India IPhone

Chinese aviation authority recommends wearing of disposable nappies for cabin crew during flights

The recommended hygiene practice was based on the case of a woman travelling from Italy to South Korea who contracted the coronavirus during her trip, and a visit to the bathroom

Dec 11, 2020

By Nina Siena

Shortages, jams and shutdowns: UK readies for Brexit 'no-deal' chaos

Failure to secure a deal in time for the end of the transition period on December 31 would see Britain revert to World Trade Organization rules, with tariffs and quotas, from January 1.

Dec 11, 2020

By Veronique Dupont

Brexit United Kingdom European Union

Global stocks mixed as pound sinks and Airbnb surges

Johnson warned last-gasp talks for a Brexit trade deal with the European Union could fail, and urged the public to prepare for a "no deal."

Dec 11, 2020

By Roland Jackson

England United Kingdom European Union

Rats the size of cats force Chipotle New York to shutter down

Four of its employees say they have been bitten by the aggressive rats who have also gone through the restaurant's stock of avocados stored in its backrooms.

Dec 10, 2020

By Nina Siena

Women wearing a black diamond eternity ring

5 Businesses that are part of the core economy of London

London is a bustling city in the United Kingdom and it also has the title of being the capital city. Standing on the Thames it has been a major settlement for at least two millennia. London is also one of the most important cities in the world and is also quite desirable. It has four world heritage sites and has quite a bit of history on its side.

Dec 9, 2020

By IB Times Satff Reporter

Medical arm of China's JD.com surges 34% on HK debut

JD Health's total revenue rose to 8.8 billion yuan ($1.34 billion) in the first half of 2020 from 5 billion yuan in the same period last year, it said in its prospectus.

Dec 8, 2020

By AFP News

Hong Kong

US Sports Betting Companies Continue to Excel as State Rules Relax

The year has so far turned out to be a significant one for the online gaming industry in the United States. The sector won big during the just concluded polls where different states sought to legalize online sports betting within their borders.

Dec 5, 2020

By IBT UK Contributor

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