Economy

Economy News

Lucid Motors plans to build EV factory in Saudi, says chairman

Lucid Motors chairman told Bloomberg News that the EV maker is in talks with the kingdom to build a factory there by 2025 or 2026. By Yousef Gamal El-Din and Craig.

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The Great Resignation is spawning a talent war. Who will win it?

A new report argues that firms must change how they view workers to compete in the war for talent. The coronavirus pandemic has caused the biggest worker reshuffle in modern.

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Japan to extend most border restrictions until end of February

Tokyo in November banned new entry by non-Japanese, including students and family members, in responses to Omicron. Japan will maintain its tight entry restrictions it put in place to prevent.

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‘COVID Zero’ Hong Kong pushes supply chain to breaking point

Hong Kong’s Omicron outbreak is dealing a double whammy to businesses. Not only will new social distancing curbs crimp revenue for retailers and restaurants, a slashing of flights they rely.

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Philippines urges Indonesia to lift coal export ban

Indonesia suspended coal exports on January 1 amid shortages at domestic power plants. The Philippines’ energy secretary Alfonso Cusi has appealed to Indonesia to lift its coal export ban, saying.

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China probes head of top life insurer in anti-corruption campaign

Anti-corruption watchdog says Wang Bin is ‘suspected of serious violations of discipline and law’. Bloomberg China’s top anti-graft watchdog placed the chairman of China Life Insurance Co. Ltd., one of.

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Top 5 Things to Watch in Markets in the Week Ahead

By Noreen Burke Investing.com — The coming week will bring closely followed inflation figures, while Federal Reserve Chair Jerome Powell and Vice Chair Lael Brainard are to testify at their.

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Biden calls Colorado’s most destructive wildfire ‘code red’ climate warning

By Jeff Mason LOUISVILLE, Colo. (Reuters) -U.S. President Joe Biden, visiting the scene of Colorado’s most destructive wildfire on record, said on Friday the rare winter blaze marked the latest.

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ECB may need to act if energy price rises more persistent: Schnabel

FRANKFURT (Reuters) -Rising energy prices may force the European Central Bank to stop “looking through” high inflation and act to temper price growth, particularly if the green transition proves inflationary,.

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Manchin’s $1.8 trillion spending offer no longer on table -Washington Post

WASHINGTON (Reuters) – U.S. Senator Joe Manchin’s $1.8 trillion spending offer he proposed to the White House in late 2021 appears to be no longer on the table following a.

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