Saudi Arabia is in talks with several carmakers about manufacturing in the country, Saudi Investment Minister Khalid al-Falih told Reuters, with an announcement expected this year. The discussions are part of plans to attract foreign investment to support the transformation of Saudi Arabia's economy and diversify it away from oil.
Canada's main stock index rose on Thursday, rebounding from its worst session in nearly a month, after upbeat earnings from Suncor Energy (SU) boosted oil and gas shares.
Banks should maintain the stable and orderly issuance of property loans, the Beijing office of China's central bank said on Thursday, adding that lenders should have an accurate understanding of the financing policy to the property sector. The People's Bank of Beijing branch made the above comments after the conclusion of a meeting focused on credit supply in the Chinese capital of Beijing.
In a crowded Addis Ababa factory, Finoteselam Nigussie's needle plunges in-and-out of the gauzy white cloth she deftly guides through a sewing machine. Like thousands of other Ethiopian women, stitching shawls for export to the United States pays the 40-year-old textile worker's rent and her daughter's school fees.
Some airlines risk failure if they do not cut carbon emissions quicker in the next three to five years due to a mismatch between short-term corporate travel targets and the airline industry's 2050 net zero target, an industry report said.
Peru's finance minister said on Wednesday the country's leftist government has no plans to take over the natural gas industry, in an attempt to calm fears after President Pedro Castillo talked about nationalization earlier in the week. "To nationalize the gas means to put it in the service of all Peruvians," Finance Minister Pedro Francke said in a tweet.
British finance minister Rishi Sunak overhauled business rates on Wednesday, cutting the rate for the pandemic-hit retail and hospitality sector, halting a planned annual increase and incentivising green property investments.
Some airlines risk failure if they do not cut carbon emissions quicker in the next three to five years due to a mismatch between short-term corporate travel targets and the airline industry's 2050 net zero target, an industry report said.
Reserve Bank of New Zealand: * GENERAL INSURANCE INDUSTRY STRESS TEST FROM RBNZ HAS HIGHLIGHTED INDUSTRY'S RELIANCE ON OFFSHORE REINSURANCE PROVIDERS. * STRESS TEST SHOWS INCREASES IN INTENSITY AND/OR FREQUENCY OF WEATHER EVENTS LEAD TO LOWER PROFITABILITY AND DIVIDEND PAYMENTS FOR INSURERS.
Texas Instruments Inc (TXN) forecast fourth-quarter revenue largely below Wall Street estimates on Tuesday, as the company struggles with supply chain constraints that have plagued the entire chip industry.
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