Business and Economy

Is inflation a problem? And if so, who will feel the most pain?

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Here's what you need to know about inflation as food and petrol prices rocket.

Singapore’s Grab agrees to record $40bn SPAC merger

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Biggest blank-cheque company deal ever paves the way for Grab Holdings to secure a coveted US listing.

Almost heaven: West Virginia entices nature-loving remote workers

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Remote workers who move to West Virginia will receive $12,000 and passes to indulge in outdoor activities.

BinDawood is shaking up business as usual in Saudi Arabia

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Ahmad BinDawood is embracing transparency and shaking up the secretive status quo in Saudi Arabia.

Record demand for Uber outstrips supply of drivers

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Uber's total bookings including food delivery and passenger services reached an all-time high last month.

HSBC and Huawei CFO reach documents deal amid extradition case

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Huawei CFO Meng Wanzhou has been seeking documents from HSBC in her fight against extradition from Canada to the US.

US Federal Reserve chair says economy at ‘inflection point’

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The economy is about to 'start growing more quickly' even as COVID remains a risk, Powell says.

IMF warns on rising debt in COVID-hit Middle East, Central Asia

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Thirty countries in the regions saw economic rebound, but outlook remains uncertain because of the pandemic.

China fines Alibaba record $2.75bn for anti-monopoly violations

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Penalty is equivalent to about 4 percent of Alibaba's revenues in 2019 and comes unprecedented regulatory crackdown.

Amazon union vote, US vaccine hunters and a Martian helicopter

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We gather the numbers to know from the week’s biggest economic news stories so you can impress your friends.

Powell: Economy will not be confident until world is vaccinated

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The US Federal Reserve chairman expressed concern about an ‘uneven’ US and global recovery at an IMF debate on Thursday.

Rising prices are hitting low-income US households the hardest

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Low-income Americans are now bearing the brunt of price increases as the US economy recovers.

China’s population seen growing older in economic danger sign

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Latest census due out in days will show whether China's birth rate continues to fall.

Sunburned tourists and fighter jets: The Israel-Greece alliance

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Greece's move to allow vaccinated Israeli citizens into the country is another step in the emerging partnership.

US small businesses urge policymakers to curtail Amazon’s power

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'As one bookseller said to me, 'It says COVID on the death certificate, but the underlying condition was Amazon.''

Greece 2.0 seeks to transform the economy. Does it go far enough?

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Plan unveiled by Greek PM Mitsotakis aims to make Greece greener and more efficient - and to crack down on tax...

GameStop plans $1bn share sale after Reddit-fuelled rally

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Day trader darling GameStop has increased the value of new stock it may sell from $100m to $1bn.

Spain to see if workweek can be four days without harming economy

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Spain has allocated money for a three-year experiment to compensate businesses that choose a shortened week.

Global stocks rise, spurred by surge in US employment data

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Non-farm payrolls in the US surged by 916,000 last month, well above forecast, indicating a rise in economic activity.

ByteDance to India court: Freezing local bank accounts is illegal

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China's ByteDance has challenged in Mumbai court India's move to freeze its local bank accounts, Reuters reported.

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