EconomyWith

Facebook CEO sees ‘significant competitive overlap’ with iPhone maker on private messaging, augmented reality glasses.

Iran’s government encouraged people to jump into a red-hot market last year. Then the bubble burst.

Electric carmaker’s CEO Elon Musk fudges 2021 vehicle delivery target, sending shares sharply lower.

Decision to shift base from Beirut to Abu Dhabi a ‘no brainer’, firm says, as Lebanon struggles to tackle economic woes.

Retail day traders have become one of the most powerful, if improbable, forces in the stock market today.

The anti-malaria drug was once touted by former US President Donald Trump as an effective treatment for COVID-19.

A cutting-edge survey used mobile gaming apps in 17 languages to ask 1.2 million people about climate change.

GameStop shares rose 140% in early Wall St trading Wednesday, having surged more than threefold in the past four days.

Video game retailer’s shares skyrocketed this week, turbocharged by bullish touts on Reddit and other online forums.

Michael Burry of The Big Short fame is warning that the rally in GameStop has gotten out of hand.

The orders establish Biden’s environmental agenda and mark a reversal from his predecessor Donald Trump.

Spat between AstraZeneca and the EU raises concerns about vaccine nationalism, as nations jockey for limited supplies.

Boeing Co posted a record $12bn annual loss on Wednesday.

COVID seen pushing more than 100 million people into extreme poverty, marking first increase in about 20 years.

Dalian port officials reportedly testing fish cargoes for coronavirus causing backlogs throughout global supply chain.

Construction projects in Anbar province have created jobs at a time when Iraq suffers from a severe economic downturn.

After sinking 3.5% in 2020, the global economy will grow 5.5% this year, the International Monetary Fund forecasted.

Analysts estimate Houthi rebels diverted at least $1.8bn in 2019 allocated for citizens’ basic services and salaries.

After allowing entrepreneurs like Jack Ma to grow their businesses into internet giants, Beijing is now reining them in.

European Commission chief suggests common rule book to prevent spread of fake news on social media.

A former NASA astronaut will lead an Ohio entrepreneur, a Canadian financier and an Israeli businessman into space.

Environmental groups hailed the expected moratorium as the kind of bold, urgent action needed to slow climate change.

With Signal shut down, WhatsApp and Instagram remain the only two unblocked major social media platforms.

Raimondo echoes other Biden officials who have indicated they would continue some of Trump’s tough-on-China policies.

The confidence index remains well below pre-pandemic levels, but vaccination programmes and stimulus provide a boost.

Biden says he wants to close ‘loopholes’ that allow key parts like engines, steel and glass to be manufactured abroad.

Yasir Al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund, made the announcement during a media briefing.

Kingdom’s highly anticipated Future Investment Initiative to go online amid ongoing pandemic.

The order aims to use $600bn the federal government spends on procurement to boost domestic factories, officials said.

India’s government imposed initial ban in June but now reportedly says it is ‘not satisfied’ with companies’ responses.

Following US trade war, China has signed several trade and investment deals to bolster its multilateral credentials.

Yellen, among the first of Biden’s picks to be confirmed, is the first woman to hold the job of overseeing the economy.

More than 300 firms to work together to help the hundreds of thousands of sailors stuck due to COVID-19 restrictions.

The pandemic wiped out 114 million jobs and 8.8 percent of global working hours, equal to 255 million jobs, in 2020.

BNP Paribas, Credit Suisse and ING have announced plans to exclude the problematic export from their trading activities.

The video game retailer’s stock surged as much as 145 percent to $159.18 Monday, triggering at least nine trading halts.

Women’s needs are often being put last in pandemic response strategies, women leaders told virtual WEF meeting.

Gertler was granted a licence to resume all transactions and activities otherwise prohibited by sanctions against him.

US biotech firm plans trials of a booster shot against the virus strain first discovered in South Africa as precaution.

At virtual Davos summit, Xi Jinping says attempts to ‘threaten’ or ‘intimidate’ others will further divide the world.

Oxfam warns that unless governments take prompt action, the world’s poorest will not recover for more than 10 years.

Dominion alleges Rudy Giuliani exploited false claims of election fraud to hawk gold coins and other items on a podcast.

The drugs giant said it is giving up on the two COVID vaccine candidates following poor results in early-stage studies.

Some insurers are imposing waiting periods before COVID patients can apply for coverage, industry sources tell Reuters.

Tensions between the West and Russia have mounted after thousands were arrested at pro-Navalny rallies.

Researchers say rich nations not doing enough to help developing ones with deadly fallout from global warming.

UK says leaders discussed ‘benefits of a potential free-trade deal’, but US statement makes no mention of one.

Renewables are getting a boost from a range of sources including policymakers, financing markets and fossil fuel firms.

Iraqi government is reportedly seeking $6bn in loans, with possibility of a further $4bn, according to finance minister.

COVID-19 surge in Canada’s most populous province prompts growing calls for paid sick leave for essential workers.