Crude prices hit their highest level in over a year on Friday, closing in on $60 a barrel amid economic revival hopes and supply curbs by OPEC and allied producers. International benchmark Brent was up 1.1 percent, at $59.52 as of 14:25 GMT, after hitting its highest since February 20 last year at $59.75. US...
Closures during Covid-19 lockdowns will force pub owners across the UK to dump nearly 87 million pints of beer, according to the latest calculations by the British Beer and Pub Association (BBPA). The association has highlighted that the āheart-breakingā waste equals £331 million ($454 million) in sales, since barrelled beer that wasn't sold by its...
US Senator Amy Klobuchar, who is now the chair of the senate judiciary subcommittee, has announced a new sweeping antitrust legislation that would significantly raise the risk for companies such as Facebook, Apple, and Google. Klobuchar proposed a competition and antitrust law enforcement reform act that would make major changes to antitrust law, granting enforcement...
Shares in the Chinese short video app Kuaishou almost tripled on their Hong Kong debut on Friday, surging to HK$338 ($43.60) upon opening, from an IPO price of HK$115 ($14.80). The stock later slipped from those highs but still ended the day over 160 percent higher, closing at HK$300 ($38.60) a share. The tech company...
The People's Bank of China has agreed a partnership with the global interbank settlement organization SWIFT, as part of an effort to internationalize the yuan and develop a digital Chinese currency. The new entity, Finance Gateway Information Service, was registered in Beijing on January 16 with ā¬10 million ($12 million) as incorporation capital, according to...
Indonesia has received an investment proposal from US electric car maker Tesla, according to the country's deputy head for investment and mining coordination, Septian Hario Seto, as quoted by Reuters. The official didn't provide details of the proposal, citing a non-disclosure agreement, but said the discussion was focused on batteries and energy storage solutions. āI...
