Japan’s economy jumps 21.4 per cent in Q3 showing sharp recovery
Japan’s economy grew at the fastest pace on record in the third quarter, rebounding sharply from its biggest postwar slump, as improved exports and consumption...
International
Germany sees growing risk of recession
“Expect a notable dampening of recovery in the winter months.” This is the outcome to be expected from the current lockdown in Germany, experts say....
EU threatens to ban big tech for rule-breaking
Technology companies’ services could be banned from the European market if they do not heed EU regulation, Europe’s industry chief Thierry Breton told German weekly...
Asia forms world’s biggest trade bloc, a China-backed group excluding U.S
Fifteen Asia-Pacific economies formed the world’s largest free trade bloc on Sunday, a China-backed deal that excludes the US, which had left a rival Asia-Pacific...
UK trading partners seek answers about Brexit
Major trading partners called on Britain and the European Union (EU) on Friday to clarify terms for renegotiating tariff levels after Brexit and for compensating...
TikTok battle rages on in US
The U.S. Justice Department said it had appealed a Pennsylvania judge’s Oct. 30 order that blocked the government from imposing restrictions on Chinese-owned short video...
UK GDP jumps 15.5% in Q2 from first quarter, but drops 9.6% year-on-year
UK gross domestic product (GDP) is estimated to have grown by a record 15.5 per cent in the third quarter of 2020 (July to Sept)...
UK house prices hit 21-year high, weaker 2021 likely
The boom in Britain’s housing market carried on into October as a gauge of house price growth struck a new 21-year high, but next year...
Europe to pay less than U.S. for Pfizer vaccine under initial deal
The European Union has struck a deal to initially pay less for Pfizer’s PFE.N COVID-19 vaccine candidate than the United States, an EU official told Reuters as...
Ryanair’s O’Leary says vaccine will revive air travel
Ryanair Group Chief Executive Michael O’Leary said on Wednesday that vaccines against Covid-19 will spark a revival of air travel this year. Speaking at a...
