biz news

Update news biz news

Kweichow Moutai: 'Elite' alcohol brand is China's most valuable firm

Kweichow Moutai's share price rockets thanks to its popular and sought-after baijiu drink.

Olympus quits camera business after 84 years

Once a huge camera-maker, it is looking to carve off that part of its business and focus elsewhere.

US-China trade war takes toll on their global competitiveness

The world's two biggest economies have become less competitive due to their ongoing trade war, which seems to have no short-term resolution in sight.

 

Coronavirus: Plane-maker Airbus furloughs 3,200 staff

In a letter to workers Chief Executive Guillaume Faury said the firm's existence was now threatened.

Developing world economies hit hard by coronavirus

The Covid-19 pandemic is badly damaging developing countries' economies in a number of ways.

Coronavirus: Oil price at 18-year low as turmoil persists

Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.

BUSINESS NEWS HEADLINES APRIL 21

Shrimp exporters look forward to H2 comeback

US oil prices drop to 21-year low as demand dries up

Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.

BUSINESS NEWS HEADLINES APRIL 19

Businesses exhausted after spending Q1 fighting COVID-19

 

China's virus-hit economy shrinks for first time in decades

Its economy shrank 6.8% in the first three months of 2020 as it battled the virus and lockdowns

Coronavirus: Australia's economy faces unprecedented setbacks

An unprecedented series of measures may not be enough to save Australia's normally robust economy.

BUSINESS NEWS HEADLINES APRIL 17

Shrimp exports to China show drastic upturn after five years

BUSINESS NEWS HEADLINES APRIL 16

Agriculture ministry proposes maintaining sticky rice exports

Coronavirus in Africa: 'No time for half measures in helping the economy'

Many African economies had been growing strongly before the coronavirus hit - no longer.

Coronavirus: Amazon shuts French warehouses after court ruling

The online commerce giant said its French distribution centres would close until at least 20 April.

Coronavirus: Five ways the outbreak is hitting global food industry

From demand for orange juice to vegetables left unpicked, our usual supply chains have been upended.

Clothing makers in Asia give stark coronavirus warning

Millions of jobs in Asia’s vital garment industry are at risk due to the coronavirus pandemic.

Coronavirus: Western economies slow to react to crisis, says leading economist

A top economist says western economies can learn from Asia as they face a severe economic downturn.

Oil producers agree to cut production by a tenth

The group will cut production by 10 million barrels a day from May to combat a fall in demand.

Will we ever take cruise holidays again?

The cruise line industry faces a long journey back from the coronavirus pandemic.