Asian and European stock markets mostly nursed losses Wednesday on resurgent fear that sharp interest rate hikes, aimed at tackling runaway inflation, could spark recession, dealers said.. "Covid restrictions may have eased for international travellers to China as infections rates slow, but one global problem is being replaced by another -- fear that recessions are looming around the world."
Britain has extended steel tariffs for another two years to protect its ailing industry, the government said Wednesday, breaching World Trade Organization obligations.. "Trade remedies are one of the ways that government can protect their businesses.
The production of wild and farm-raised fish, shellfish and algae reached record levels in 2020, and future increases could be vital to fighting world hunger, the Food and Agriculture Organization said Wednesday.. The remaining 36 million tonnes was algae production.
Germany will reinstate its so-called debt brake in 2023 after suspending it for three years to cope with the impact of the coronavirus pandemic, sources in the finance ministry said Wednesday.. After taking on almost 140 billion euros of new debt in 2022, Germany will next year benefit from the end of many expenses related to the coronavirus pandemic, as well as higher tax revenues, the sources added.
Inflation has surged back to levels not seen in many developed economies since the 1970s and 1980s.. "The current levels of food and industrial goods inflation have not been seen since the mid-1980s," ECB President Christine Lagarde said in her remarks at the conference on Tuesday.
The amount of fish, shellfish and algae caught in the wild and farmed in aquaculture hit a record 214 million tonnes in 2020, the Food and Agriculture Organization said Wednesday.. The remaining 36 million tonnes was algae production.
From the hill in northernmost Hong Kong where Jasper Law stood, the border with China was obvious -- a narrow river dividing farmlands and fishponds from the gleaming skyscrapers of megacity Shenzhen.. - 'Power imbalance' - Hong Kong's government now plans to transform the border area with a two-decade plan that will place integration with Shenzhen at the heart of economic development in the city's northernmost areas, shifting focus away from Hong Kong's glitzy Victoria Harbour.
Uber has reached a deal with a powerful Australian union after years of legal battles, campaigns and negotiations that will offer 100,000 drivers and food delivery workers more protections.. A 2020 survey by the Transport Workers Union found 73 percent of food delivery drivers were worried about "being seriously injured or killed at work" -- although safety concerns are not limited to Australia, or Uber.
When Hong Kong transitioned from British to Chinese rule, Edmond Hui was a floor trader at the bustling stock exchange, witnessing the roaring growth of a city at the crossroads of the West and Asia.. Chinese companies made up around 80 percent of the market capitalisation in Hong Kong's stock market this year, up from 16 percent in 1997.
The European Union approved a plan to end the sale of vehicles with combustion engines by 2035 in Europe, the 27-member bloc announced early Wednesday, in a bid to reduce CO2 emissions to zero. . The measure, first proposed in July 2021, will mean a de facto halt to sales of petrol and diesel cars as well as light commercial vehicles and a complete shift to electric engines in the European Union from 2035.
