Archive / Business - 2021
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Oil exporters to see large surpluses in 2021 and 2022 amid higher crude pricesOil exporting countries will have large surpluses in 2021 and 2022 as higher crude prices lead to more revenues for many producers, according to the...COVID cramps school furniture businessSeventy-eight-year-old Vincent Carara would usually be overwhelmed with school furniture orders, but with the arrival of COVID-19, the booming business came to a sudden halt...Newport Beach getting 4-story, luxe RH furniture ‘gallery’ at Fashion IslandForget any notion you have about places that peddle the stuff that fills a home. You know those large, generic shops with windowless showrooms jammed...Oil giant Shell says it needs oil output to fund green shiftThe boss of oil giant Shell has insisted it can transition to net zero by 2050, but it will need the cash from its oil...Asian shares mixed as investors await central bank movesAsian shares mixed as investors await central bank movesAsian shares were mixed Tuesday amid cautious trading ahead of a policy meeting by the U.S. Federal...CEKD Posts 7.1% Increase in Full-Year Revenue to RM28.23 MillionCompany’s performance for the full financial period supported by newer and more complex die-cutting mould ordersCEKD Berhad (CEKD or the Group, Stock Code: 0238), a...Power ministry proposes amendments in EC Act to boost renewable energy consumptionThe Ministry of Power has proposed amendments to Energy Conservation Act, 2001 which include provision for specifying minimum quantum of renewable energy in the overall...Global Automotive Center Stacks Market 2021 to 2027 Industry Product and Top Companies – Faurecia, Hyundai Mobis, Alps Electric, Johnson ControlsMarketQuest.biz has announced the results of a detailed research on Global Automotive Center Stacks Market from 2021 to 2027. It shows the market size and...Blockchain-based Memorial Platform will Enable Users to Preserve Memories of Loved OnesSoft spot in the digital revolution: Dubai-based startup Stonses launches platform that enables users to preserve memories of loved onesEarlier this year, Microsoft patented conversational...4 Hot Lighting Trends for Today’s Facilities (LightFair 2021)The lighting industry is moving at warp speed to respond to the needs of building owners and managers, from flexible new design options to customizable...China rations diesel amid fuel shortagesPetrol stations in many parts of China have begun rationing diesel amid rising costs and falling supplies.Some truck drivers are having to wait entire days...IMF calls for co-ordinated G20 strategy to end Covid-19 threatThe International Monetary Fund called on the G20, which comprises the world’s 20 largest economies, to put into effect a co-ordinated global strategy to end...Kichler Lighting moving from longtime home in Independence, plans to lay off 85 workersInterior lighting fixture company Kichler Lighting will move out of its longtime home in Independence to Solon, and in the process eliminate 85 jobs.The 80-plus-year-old...FII: Invest in a balanced energy portfolio, Saudi Arabia's investment minister tells forumHydrocarbons will remain part of the economy for decades, raising the need to invest in a balanced portfolio as part of the transition to clean...Lamps Plus Unveils Inspire Me! Home Decor Lighting Collection from Home and Family Expert Farah MerhiThe new Inspire Me! Home Decor lighting collection is now available at LampsPlus.com and Lamps Plus retail stores in seven western states. The initial release...Renesas’ Innovative Automotive Chips Drive Next-Generation Multimedia System for Toyota LexusRenesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced that its R-Car H3 and R-Car M3 system-on-chips (SoCs) have been...DP World's third-quarter shipping volumes rise 8.1% as global trade recoversDP World, one of the world's largest port operators, posted an 8.1 per cent increase in third-quarter gross container shipping volumes, beating the industry average...Generation Start-up: How an Emirati tea company is trying to add flavour to your brewFor centuries, this herbal brew made from a dried tropical flower was little known outside of South-East Asia. It’s now the top offering by an...Heathrow air traffic may not recover until 2026, says bossThe boss of Heathrow Airport has warned air traffic may not recover completely until at least 2026 despite signs of huge pent up demand for...Saudi Arabia to establish investment fund to combat climate change in the regionSaudi Arabia plans to establish an investment fund focused on the circular carbon economy and to safeguard the environment after its pledge to reach net-zero...Industrial Goods & Services Tops Ransomware Targets in 2021The industrial goods and services sector has been the most heavily targeted with ransomware attacks so far this year, according to new data that put...Toyota testing hydrogen combustion engines in race carsToyota said Monday it is testing hydrogen combustion engines in race cars as it works toward using the technology in commercial products.Such engines burn hydrogen...UAE prosecutor probes Union Properties executives over financial irregularitiesA UAE prosecutor is investigating claims of financial irregularities by executives at Dubai-based developer Union Properties, according to state-run news agency Wam.The Securities and Commodities...Digicel Pacific: Australia's Telstra buys Pacific firm 'to block China'The Australian government and telecoms giant Telstra are buying a Pacific telecoms company in a joint venture.The move is being viewed as a political block...Uniqlo Japan will pay you for your old clothes with new recycling projectGot some old Uniqlo Heat Tech or down wear that’s so worn out that you don’t plan on wearing it anymore? Instead of throwing it...Where are the workers? Cutoff of jobless aid in U.S. spurs no influxEarlier this year, an insistent cry arose from business leaders and Republican governors: Cut off a $300-a-week federal supplement for unemployed Americans. Many people, they...Will India’s economy be able to ward off the heat from soaring oil prices?Salman Beg, who runs a small factory making crockery and cutlery on the outskirts of Mumbai, is feeling the heat from higher oil prices.Steep fuel...Aiming to Meet Customers' Needs, GWM Wins Several Championships in 2021 China Automobile Customer Satisfaction Index AssessmentRegarding products usage satisfaction, HAVAL H6 won first place in CACSI's Compact SUV segment between RMB 100,000 and 150,000. HAVAL DAGOU and WEY Mocha (for...Limited service on DC Metro to extend through NovemberWASHINGTON (AP) — Commuters in the Washington area will face longer waits for Metro trains through at least the end of the month and probably...Saudi Arabia unveils plan to reach net-zero by 2060Saudi Arabia is aiming for a net-zero carbon target by 2060, Crown Prince Mohammed bin Salman said at the Saudi Green Initiative Forum (SGI) on...China's trade practices come under fireChina's trade policies have come under strong criticism during a review at the World Trade Organization (WTO).The US accused China of "skewing the playing field"...India must step up crude 'exploration and production'India's oil minister on Friday said the country needs to step up its efforts to produce crude as prices continue to rise.The country's demand for...Smiths Detection to improve cargo screening in Tokyo and KobeSmiths Detection has signed a contract with Japan Customs to provide two Hi Energy 9 MeV, interlaced, dual view HCVS high-performance cargo inspection systems for...Japanese firms in China worry most about power shortageWhat Japanese companies operating in China are most worried about is not a potential default of debt-laden property developer China Evergrande Group but a supply...Government borrowing falls in SeptemberGovernment borrowing fell in September compared with a year earlier as the economy continued to recover from coronavirus lockdowns.Borrowing - the difference between spending and...Evergrande shares fall 14% as trading resumes in Hong KongEvergrande shares fell as much as 14% on Thursday in Hong Kong as they resumed trading after a 17-day halt.The hugely indebted Chinese property giant...Bitcoin tops $66,000, sets record as crypto goes mainstreamBitcoin stormed above $66,000 for the first time on Wednesday, riding a wave of excitement about how the financial establishment is increasingly accepting the digital...BHP iron ore output drops 5per cent on maintenance work, labour crunchBHP Group on Tuesday posted a near 5per cent drop in first-quarter iron ore output due to maintenance work at its Jimblebar mine and a...Gift cards to lift up US holiday spirit as supply chain crisis leads to product shortagesAmericans love gift cards. For younger generations, they’ve become their favourite gift.Which is good, because they’re about to get lots of them.In an economy hamstrung...Iberdrola to plough US$8.2 billion into mega UK offshore wind farmGlobal wind power leader Iberdrola will pour six billion pounds (US$8.24 billion) into a wind farm complex in the North Sea off the east coast...China’s GDP growth hits 1-year lowChina's economy grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic Covid-19 outbreaks and...Tight US job market triggers strikes for more payThousands of workers remain on strike across the United States demanding higher pay and better conditions despite Hollywood make-up artists and camera operators reaching a...About S$13 million in salary arrears, compensation for wrongful dismissal received by employees in last financial year: TALAbout S$13 million in salary arrears and compensation for wrongful dismissal were recovered by the Tripartite Alliance for Dispute Management (TADM) and paid out to...Ford to invest around US$300 million to build electric car parts at UK plantFord said on Monday it would invest up to 230 million pounds (US$316 million) to build electric car components at its Halewood factory in northern...China could widen property tax trialChina could expand pilot testing of a property tax to Zhejiang province, a former government expert was quoted as saying in an official media outlet...Russia seeing record gas demandRussian gas consumption is running at a record high but Moscow is still ready to increase supplies to Europe should it receive such requests, Deputy...US steps into China’s bitcoin breachThe long sheds at North America's largest bitcoin mine look endless in the Texas sun, packed with the type of machines that have helped the...Philippine cbank chief signals policy tightening unlikely anytime soonThe Philippine central bank chief said on Sunday that domestic inflationary pressures were driven by supply-related factors that do not require monetary policy intervention, and...Frustrated and weary over long pandemic hours, more US workers are strikingExhausted after working long hours during the coronavirus pandemic and resentful that their bosses are not sharing sometimes huge profits, tens of thousands of nurses,...$590m in ransomware payments reported to US in 2021New data out Friday showed $590 million in ransomware-related payments were reported to US authorities in the first half of 2021 alone, setting a pace...