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…
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: Melbourne and Auckland to end lockdowns
The Australian state of Victoria and the New Zealand city of Auckland will both end lockdowns on Thursday. Authorities in Australia said they had gained control of a hotel quarantine…
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-19: UK Launches quarantine hotel for international travellers
All British and Irish citizens and UK residents who arrive in England after being in a high-risk Covid country now have to self-isolate in hotels. The “red list” of 33…
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…
Covid: Dutch court orders Netherlands government to end to Covid curfew
A court in The Hague has told the Dutch government that an overnight curfew to reduce the spread of coronavirus should be lifted immediately, ruling that it breaches the right…