TOKYO (Reuters) – Asian shares advanced on Thursday as economic data from China was largely more resilient than expected, and as U.S. Federal Reserve Chair Jerome Powell said tapering of its massive stimulus was still a way off.FILE PHOTO: A Stock Exchange of Hong Kong (HKEX) logo in Beijing, China September 4, 2020. REUTERS/Tingshu WangMSCI’s […]
OPINION: Developments this week have again shown that predictions on the diminishing power of banks and the credit card sector have been grossly overestimated. Westpac announced that it was entering into a joint venture with buy-now-pay later (BNPL) company Hummgroup in a move that sees the launch of the Bundll platform in New Zealand. Hummgroup […]
Danish toymaker Lego said Wednesday it had asked a Utah-based gun company to stop producing a product that makes a pistol look like it is covered with the famous multi-coloured building brick. “We have contacted the company and they have agreed to remove the product from their website and not make or sell anything like […]
At first glance, the gun resembled a toy, one whose building blocks were the ubiquitous red, yellow, blue and green Legos. But beneath the surface of its colorful shell was something lethal: a Glock 19 pistol that had been customized by a Utah-based company that specializes in modifications to firearms. The Lego Group, the Danish […]
As the cost of building houses increases, some say it’s time to change our construction methods. Property editor Anne Gibson examines the arguments for and against prefabricated and tiny homes. Prefabricated, modular, kitset, transportable, container, tiny – whatever the name, some people hope a new style of building could revolutionise the sector, help ease our […]
WASHINGTON (Reuters) – U.S. producer prices increased more than expected in June, suggesting inflation could remain high as robust demand fueled by the economy’s recovery from the COVID-19 pandemic continues to strain the supply chain.FILE PHOTO: Lordstown Motors associates work on a pre-production all electric pickup truck, the Endurance, at the Lordstown Assembly Plant in […]
WASHINGTON (Reuters) – U.S. producer prices increased more than expected in June, suggesting inflation could remain high as robust demand fueled by the economy’s recovery from the COVID-19 pandemic continues to strain the supply chain.FILE PHOTO: Lordstown Motors associates work on a pre-production all electric pickup truck, the Endurance, at the Lordstown Assembly Plant in […]
Britain’s annual rate of inflation climbed to 2.5 percent in June, data published on Wednesday showed, exceeding economists’ expectations. The British pound and government bond yields rose as investors weighed how the central bank might eventually react to the continued increase in prices. The pace was the highest since August 2018. After the 2016 Brexit […]
(REUTERS) – Boston Properties said it has established a partnership with a potential spending power of up to US$2 billion with Canada Pension Plan Investment Board and Singapore’s sovereign wealth fund GIC to acquire office properties in the United States. The partners will aim to contribute a total of $1 billion of equity to the […]
FRANKFURT — In Hamburg, a fleet of electric Volkswagen vans owned by a ride-hailing service roams the streets picking up and dropping off passengers. The vehicles steer themselves, but technicians working from a remote control center keep an eye on their progress with the help of video monitors. If anything goes wrong, they can take […]