While pure electric cars are generating headlines, industry data shows that their gasoline-electric hybrid counterparts had quietly reached record sales in the United States last year.   While auto companies such as Tesla Inc. and Ford Motor Co. promoted electric vehicle sales,...

According to an automobile representative group of the United Kingdom, British car sales will be hit throughout this year and into 2023 because of the global semiconductor chip shortage, which had severely impacted auto production and supply to the market in 2021.   Compared to overall new...

Despite billions of euros in stock trading shifting to the European Union and London giving  up majority of its access to capital markets of the EU, the number of jobs in finance sector migrating away from the UK to the EU as a result of Brexit is lower than previously...

According to a business survey released on Wednesday, China's manufacturing activity slid back into recession in November due to weak demand, declining employment, and rising costs.   In November, the Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) dropped to 49.9 from 50.6 the...

Markets for aviation-related fuels around the world were in a state of flux as several countries increased border security to fight the latest Omicron coronavirus strain, causing travellers to reconsider their travel plans.   According to an earlier report by the International Energy Agency,...

A dozen more Chinese businesses have been added to the US government's restricted trade list, citing national security and foreign policy concerns.   According to Washington, some of the companies are assisting in the development of the Chinese military's quantum computing program.  ...

Chinese authorities will further tighten monitoring over how celebrity information is circulated online, including the publication of personal details and the placement of adverts on websites, said the country’s cyberspace regulator earlier this week.   The aim of the tighter regulation was...

A lingering disagreement over US President Donald Trump's steel and aluminum tariffs has now been ended by the United States and the European Union. This has eliminated an irritant in the transatlantic relations and prevented a surge in EU retaliatory tariffs, according to US officials.  ...

Stubbornly high raw material prices and weak domestic demand resulted in China's manufacturing activity shrinking more than predicted in October, indicating further economic uncertainty in the fourth quarter of 2021.   According to statistics released by the National Bureau of Statistics...

According to a recent study by the International Labour Organization (ILO), the total loss of working hours in 2021 because of restrictions imposed for curbing the Covid-19 pandemic is equivalent to about 125 million full-time jobs.   According to the ILO, the data indicates that the...

A plea with a Singapore arbitration panel by India’s Future Retail to annual an order that was passed last year that suspended a $3.4 billion deal of the company with Reliance was rejected recently.   The opposing party of the deal, Amazon, would be boosted by this decision of the panel. The...