China is now the EU’s biggest trading partner, overtaking the US in 2020. China bucked a wider trend, as trade with most of Europe’s major partners dipped due to the…
Category: Business News
Round 1: Citi loses fight to recoup mistaken $500m payments
The recipients of roughly $500m (£360m) that US banking giant Citigroup wired erroneously will get to keep the money, a US judge has ruled. Judge Jesse Furman said Citi was…
Covid: Japan’s economy shrinks 4.8% in 2020
Japan’s economy surged in the fourth quarter of 2020, but it was not enough to keep the country from negative growth for the year. The economy beat expectations to grow…
Covid: Pound hits three-year high on vaccination hopes
The pound has hit its highest level against the dollar in nearly three years, amid rising optimism about an end to lockdown in the UK. It surpassed $1.39 on Monday,…
The Season of Electric Vehicles: Jaguar car brand to be all-electric by 2025
Jaguar Land Rover’s Jaguar brand will be all-electric by 2025, the carmaker has said. The company will launch electric models of its entire Jaguar and Land Rover line-up by 2030,…
Tussle: Amazon vs Reliance- The billionaires fight for groceries
A tussle over an Indian grocery company has pitted the world’s largest e-commerce business Amazon against India’s largest company Reliance. The companies are at odds because they both made separate…
Elon Factor: Bitcoin hits new record of $50,000
Digital currency Bitcoin has risen to a new record high of more than $50,000 (£36,000). The so-called cryptocurrency, which was created by an unknown inventor, has risen about 72% this…
Recall: Mercedes recalls vehicles
Mercedes-Benz is recalling more than one million cars over a safety defect with the cars’ emergency call system. The problem is with the cars’ eCall feature, which alerts emergency services…
Strides: First Woman and First African to run WTO
Dr. Ngozi Okonjo-Iweala has been named first female, African boss of WTO The World Trade Organization has appointed Dr. Ngozi Okonjo-Iweala as its new director-general – making her the first…
Trail Blazing: Coca-Cola company trials first paper bottle
Coca-Cola is to test a paper bottle as part of a longer-term bid to eliminate plastic from its packaging entirely. The prototype is made by a Danish company from an…