world-business
FDI down 42pc globally in 2020; UNCTAD expects further weakness in 2021
Global foreign direct investment collapsed in 2020, falling by 42% to an estimated $859 billion from $1.5 trillion in 2019.
4 years ago
Judge says Amazon won’t have to restore Parler web service
Amazon won’t be forced to immediately restore web service to Parler after a federal judge ruled Thursday against a plea to reinstate the fast-growing social media app, which is favored by followers of former President Donald Trump.
4 years ago
China economy grows in 2020 as rebound from virus gains
China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with disease flare-ups.
4 years ago
Volkswagen triples electric car sales ahead of climate rules
Europe's push into electric cars is gathering speed — despite the pandemic.
4 years ago
US bans second Malaysian palm oil giant over forced labor
The U.S. said it will ban all shipments of palm oil from one of the world’s biggest producers after finding indicators of forced labor and other abuses on plantations that feed into the supply chains of some of America’s most famous food and cosmetic companies.
4 years ago
Yearender-Economic Watch: Chinese economy heads into 2021 amid high expectations
The Chinese economy is expected to usher in 2021 with stronger recovery after surviving a triple whammy of COVID-19, economic slowdown and trade protectionism in an eventful 2020.
5 years ago
Well-known brands close NYC branches in record numbers in 2020
New York City has seen almost one in seven nationally recognized chain-store branches close their doors in 2020 as the COVID-19 pandemic ravaged the country and sent consumers scurrying for cover, according to a latest industry report.
5 years ago
Retailers brace for flood of returns from online shopping
A huge surge in online shopping during the pandemic has been a savior for retailers, but it comes at a price.
5 years ago
COVID-19 hits trade in Asia-Pacific, but impact ‘less bad’ than elsewhere
Despite a sharp fall in global trade in 2020 due to the coronavirus pandemic and lingering trade tensions, Asia and the Pacific is expected to perform relatively “less bad” than the rest of the world, the United Nations development arm in the region said on Tuesday.
5 years ago
EU-UK trade talks floundering over fish as cutoff day nears
Deep into a crucial weekend of negotiations, a breakthrough on fishing rights remained elusive for the European Union and Britain, leaving both without a trade agreement that would dull the edge of a chaotic, costly economic break on New Year’s Day.
5 years ago