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The Financial Express

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UAE announces move to Saturday-Sunday weekend

UAE announces move to Saturday-Sunday weekend

-- 2021-12-07 15:31:20

The United Arab Emirates said on Tuesday it would transition to a four and half-day working week starting next year, with the full weekend falling on Saturday and Sunday in a move aimed at better alig...

Canadian employers face labour shortage

Canadian employers face labour shortage

-- 2021-12-06 19:24:40

Canada's tight labour market is forcing many companies to offer regular Covid-19 testing over vaccine mandates, while others are reversing previously announced inoculation requirements even as omicron...

Sri Lankan tea exports to earn 1.3b in 2021

Sri Lankan tea exports to earn 1.3b in 2021

-- 2021-12-06 17:13:45

Sri Lanka's tea exports will earn 1.3 billion US dollars in 2021, state media citing a top government regulator reported on Monday. The tea exports had surpassed $1.2 billion by the end of November a...

IMF may lower growth projections as Omicron spreads rapidly

IMF may lower growth projections as Omicron spreads rapidly

-- 2021-12-04 18:10:03

The International Monetary Fund is likely to lower its global economic growth estimates due to the new omicron variant of the coronavirus, the global lender's chief said on Friday in another sign of t...

Beijing to ease travel rules for US business execs

Beijing to ease travel rules for US business execs

-- 2021-12-03 10:35:40

China will cut to no more than 10 days the time required for approval of travel by US business executives, its ambassador to the United States said on Thursday, promising to turn "an attentive ear" to...

Dhaka-centric development, population overload cause 6.0pc GDP loss

Dhaka-centric development, population overload cause 6.0pc GDP loss

MUNIMA SULTANA 2021-12-03 08:33:12

Highly Dhaka city-concentrated development and population share cast adverse impact on Bangladesh's gross domestic product (GDP), reducing its growth by 6.0 per cent or more, according to findings rev...

More growth capital needed for MSMEs in South Asia, says ADB

More growth capital needed for MSMEs in South Asia, says ADB

-- 2021-12-02 19:00:02

Micro, small, and medium-sized enterprises (MSMEs) in South Asia need more growth capital to boost the sub-region’s resilience to shocks in the wake of the COVID-19 pandemic, according to a repo...

Urban poverty on course to triple in Myanmar due to pandemic, military coup

Urban poverty on course to triple in Myanmar due to pandemic, military coup

-- 2021-12-01 19:49:06

Urban poverty is on course to triple in Myanmar, pushing nearly half the population below the poverty line next year, the United Nations said on Wednesday, as the twin impact of the pandemic and a mil...

Asian factories shake off supply headaches but Omicron poses new risks

Asian factories shake off supply headaches but Omicron poses new risks

-- 2021-12-01 11:03:09

Asian factory activity grew in November as crippling supply bottlenecks eased, but rising input costs and renewed weakness in China dampened the region's prospects for an early, sustained recovery fro...

Calm returns to Asian currency markets, but analysts warn more volatility ahead

Calm returns to Asian currency markets, but analysts warn more volatility ahead

-- 2021-11-29 18:08:06

Currency markets calmed on Monday in Asia after the initial shock of the discovery of the Omicron coronavirus variant sent investors scurrying for cover last week, but analysts warned of more volatili...

13th ASEM summit kicks off

13th ASEM summit kicks off

-- 2021-11-25 20:01:59

The 13th Asia-Europe Meeting (ASEM) Summit has started under the chairmanship of Cambodia, with a main focus on multilateralism and post-Covid-19 recovery. The meeting, under the slogan ‘Stre...

Japan PM confirms oil reserve release in response to US request

Japan PM confirms oil reserve release in response to US request

-- 2021-11-24 13:57:36

Japan's Prime Minister Fumio Kishida said on Wednesday his government would release oil reserves in response to a US request in a way that does not breach a Japanese law that only allows stock release...

Foreign tourists back in New York

Foreign tourists back in New York

-- 2021-11-21 17:48:10

New York has launched its largest tourism advertising campaign in history. John F Kennedy International Airport bustles again with foreign passengers. The holiday season promises peak travel cheer, wi...

Philippines set to reopen to vaccinated foreign tourists

Philippines set to reopen to vaccinated foreign tourists

-- 2021-11-19 16:35:49

The Philippines will soon allow the entry of fully-vaccinated foreign tourists from China and over 40 other "green" or Covid-19 low-risk countries and regions, Cabinet Secretary Karlo Nograles has sai...

Japan set to unveil record stimulus package

Japan set to unveil record stimulus package

-- 2021-11-19 13:19:36

Japan is set to announce a record $490 billion spending package on Friday to cushion the economic blow from the Covid-19 pandemic, bucking a global trend towards withdrawing crisis-mode stimulus measu...

China overtakes US as world's richest nation

China overtakes US as world's richest nation

-- 2021-11-16 18:04:24

China has surpassed the United States to become the richest nation in the world as global wealth tripled over the past two decades, according to global media reports. McKinsey & Co., a management...

Saudi Arabia's race to attract foreign investment dogged by scepticism

Saudi Arabia's race to attract foreign investment dogged by scepticism

-- 2021-11-16 11:07:51

Saudi Arabia could have a credibility problem if it keeps shifting the goal posts for the amount of foreign investment it wants to turn its vision of a future beyond oil into a reality, financial sour...

Indonesia’s GDP growth slows down to 3.51pc in Q3

Indonesia’s GDP growth slows down to 3.51pc in Q3

-- 2021-11-05 18:12:46

Indonesia's economic growth in the third quarter of this year slowed down to 3.51 per cent year-on-year (yoy), as the country tightened its public mobility restrictions, locally known as PPKM, amid th...

US jobless claims drop to 269,000

US jobless claims drop to 269,000

-- 2021-11-04 21:26:05

The number of Americans applying for unemployment benefits fell to a fresh pandemic low last week, another sign the job market is healing after last year’s coronavirus recession. Jobless clai...

LDCs cut ‘high expectation’ in MC12 on post-graduation

LDCs cut ‘high expectation’ in MC12 on post-graduation

FE ONLINE REPORT 2021-11-02 16:38:19

The Least Developed Countries (LDCs) have cut their ‘high expectation’ in the upcoming ministerial conference of the World Trade Organization (WTO) regarding the continuation of trade pref...

China tells families to keep stocks of daily necessities ahead of winter

China tells families to keep stocks of daily necessities ahead of winter

-- 2021-11-02 14:03:33

The Chinese government has told families to keep daily necessities in stock in case of emergencies, after Covid-19 outbreaks and unusually heavy rains that caused a surge in vegetable prices raised co...

Thailand reopens to vaccinated tourists to boost economy

Thailand reopens to vaccinated tourists to boost economy

-- 2021-11-01 19:30:14

Thailand has reopened to vaccinated visitors from more than 60 countries and regions amid efforts to revive its pandemic-battered economy. From Monday, fully-vaccinated travellers flying from 63 coun...

G20 wants to vaccinate 40pc people in all countries by 2021

G20 wants to vaccinate 40pc people in all countries by 2021

-- 2021-10-29 22:58:25

Finance and health ministers from the world's 20 biggest economies (G20) said on Friday they would take steps to ensure 70 per cent of the world's population is vaccinated against COVID-19 by mid-2022...

Business leaders look to UN for deal toward carbon pricing

Business leaders look to UN for deal toward carbon pricing

-- 2021-10-26 18:48:42

World business leaders want the upcoming United Nations climate summit to resolve issues that have so far hindered the use of carbon pricing to cut worldwide emissions, looking to boost the role that...

Paytm gets regulatory nod for India's biggest ever IPO

Paytm gets regulatory nod for India's biggest ever IPO

-- 2021-10-23 13:51:06

Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India's biggest ever IPO, a source familiar with the m...

US, EU, other allies urge China to liberalise further

US, EU, other allies urge China to liberalise further

-- 2021-10-21 10:02:06

The United States said on Wednesday that China’s industrial policies "skew the playing field" against imported goods and services, as well as their foreign providers, and that Washington would p...

Overseas football tourism a massive boost for UK economy

Overseas football tourism a massive boost for UK economy

-- 2021-10-20 23:02:53

Overseas football tourism has proved to be a huge winner for the British economy, a new report published by Britain's national tourism agency VisitBritain revealed on Wednesday. According to research...

Thousands of unvaccinated workers across US at risk of losing jobs

Thousands of unvaccinated workers across US at risk of losing jobs

-- 2021-10-20 16:14:58

Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation against...

IMF cuts economic growth forecast for Asia

IMF cuts economic growth forecast for Asia

-- 2021-10-20 10:16:36

The International Monetary Fund on Tuesday slashed this year's economic growth forecast for Asia and warned that a fresh wave of Covid-19 infections, supply chain disruptions and inflation pressures p...

EU re-thinks budget rules for post-pandemic era

EU re-thinks budget rules for post-pandemic era

-- 2021-10-18 14:05:12

So often the source of rows between its members, the European Union starts reviewing its rules for national budgets on Tuesday to fit a post-pandemic reality of higher public debt and the huge costs o...