Canada could be staring at the beginning of a logistics issue, as Prime Minister Justin Trudeau is pushing ahead with a vaccine mandate for international truckers. The critics have said this will exacerbate the driver shortages and also drive up the price of goods imported from the united states of America.

Canada: Prices of goods imported from United States could go up

OPEC and its allies begin two days of meetings to decide whether to release more oil into the market or restrain supply amid an oil price rout and fears the Omicron coronavirus variant could weaken global energy demand.

Omicron scare: OPEC+ begins two day talks amid oil price rout

Trading in shares of embattled Chinese developer Kaisa Group Holdings was suspended on Wednesday, according to the Hong Kong stock exchange.

Trading in shares of Chinese developer Kaisa suspended: Report

India grew at the fastest pace of any major economy in the July-September quarter but economists said disruptions from the emerging Omicron coronavirus variant risked slowing the recovery, especially given India's low vaccination rates. Gross domestic product expanded 8.4% in the September quarter from a year earlier.

India's GDP expands 8.4% in July-September

World has opened faster than expected post covid-19 lockdown, many sectors have seen growth, one of the areas that has shown growth is car sharing or rental platforms.

'Car sharing platform suitable for electric vehicles,' says Greg Moran, CEO of Zoom car

JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday he regretted his remarks that the Wall Street bank would last longer than China's Communist Party, moving quickly to avoid any longer-term fallout.

JP Morgan CEO comment on communist party didn't go well

The number of Americans filing new claims for unemployment benefits dropped to a 52-year low last week, suggesting economic activity was accelerating as a year ravaged by shortages, high inflation, and an unrelenting pandemic drawing to a close now.

United States third-quarter GDP growth revised up to 2.1%

Millions of Americans travel to visit their loved ones for the Thanksgiving holidays in the US. Airports and commercial airlines are registering busiest days since the pandemic began.

United States: Air travel to be busiest on Thanksgiving since pandemic began

Driven by strong demand and almost a decade after it stopped its services in India, American Airlines has started flying nonstop from JFK Airport to IGI Airport.

American Airlines bets on non-stop travel demand

The Biden administration has announced the release of strategic oil reserves but the US is not alone here. Joining Washington are India, Japan, South Korea, China, and the UK.

United States: Emergency oil release to lower fuel prices

United States: US plan could strain ties between Washington and Riyadh

Will 2021 be the year for Bitcoin? The cryptocurrency has registered a staggering rally but Bitcoin's meteoric rise comes at huge cost. It is a major energy consumer, in fact, it consumes more energy that several nations, here's a report.

Bitcoin is a major energy consumer, explaining the cryptocurrency's meteoric rise

Swedish carmaker Volvo is planning to make a car plant in Europe by the year 2025 to boost its production capacity beyond 1.2 million vehicles per year.

World Business Watch: Construction of a new plant to start in 2025

Difficulties are coming of all sorts for the United Kingdom, first came Brexit then the pandemic. The chicken farmers in the UK are also being heavily affected. There's been a major cutting output and substantial increase in wages. The increase in food prices will surely follow.

United Kingdom: Businesses urge govt to temporarily ease visa rules

Evergrande groups offshore bondholders are now concerned that it is now close to defaulting on debt payments and wants more clarity and transparency.

World Business Watch: Evergrande woes hit China property bonds

British Airways said it was scrapping most short-haul operations at London's no.2 airport Gatwick, blaming pilots for rejecting a plan to set up a new low-cost unit to better compete against easyJet (EZJ.L) as flying returns after the pandemic.

British Airways to scrap Gatwick short-haul flights after low-cost plan fails

Global investors are in guessing mode as a crucial date for a key interest payment passed without a comment from indebted property company Evergrande. There are fears that China will let bondholders abroad swallow large losses. The liquidity crisis at the world's most indebted company is deepening.

Evergrande owes $305 billion, has run short of cash and investors are worried a collapse could pose systemic risks to China's financial system and reverberate around the world.

Deadline for payment of interest of USD 305 billion was Thursday (September 24). Bondholders have not been paid or heard from the company, reported Reuters quoting two people familiar with the situation.

Also Read | <a href="https://www.wionews.com/business-economy/evergrande-chairman-reassures-investors-shares-surge-415070">Evergrande chairman reassures investors, shares surge</a>

The firm has a 30-day grace period and will default if that passes without payment.

Evergrande's silence on the dollar bond interest payment and another $47.5 million payment due next week contrasts with its treatment of its domestic investors. The company this week resolved one coupon payment on a domestic bond.

"This is part of the tactics of any sovereign driven restructuring process - keeping people in the dark or guessing," said Karl Clowry, a partner at Addleshaw Goddard in London.

Also Read | <a href="https://www.wionews.com/world/chinas-crisis-hit-evergrande-says-deal-has-been-reached-to-avoid-default-414778">China's crisis-hit Evergrande says deal has been reached to avoid default</a>

"The view from Beijing is offshore bondholders are largely Western institutions and so can justifiably be given different treatment. I think people think it's still a falling knife."

China's central bank again injected cash into the banking system on Friday, seen as a signal of support for markets. But authorities have been silent on Evergrande's predicament and China's state media has offered no clues on a rescue package.

Also Read | <a href="https://www.wionews.com/opinions-blogs/chinas-evergrande-crisis-a-global-financial-crisis-in-the-making-414669">China's Evergrande crisis: A global financial crisis in the making</a>

"These are periods of eerie silence as no-one wants to take massive risks at this stage," said Howe Chung Wan, head of Asia fixed income at Principal Global Investors in Singapore.

"There's no precedent to this at the size of Evergrande ... we have to see in the next ten days or so, before China goes into holiday, how this is going to play out."

Evergrande appointed financial advisers and warned of default last week and world markets fell heavily on Monday amid fears of contagion, though they have since stabilised.

(With inputs from agencies)

Global investors are in guessing mode as a crucial date for a key interest payment passed without a comment from indebted property company Evergrande. There are fears that China will let bondholders abroad swallow large losses.

Global investors are in guessing mode as a crucial date for a key interest payment passed without a comment from indebted property company Evergrande. There are fears that China will let bondholders abroad swallow large losses. The liquidity crisis at the world's most indebted company is deepening. Evergrande owes $305 billion, has run short of cash and investors are worried a collapse could pose systemic risks to China's financial system and reverberate around the world. Deadline for payment of interest of USD 305 billion was Thursday (September 24). Bondholders have not been paid or heard from the company, reported Reuters quoting two people familiar with the situation. Also Read | Evergrande chairman reassures investors, shares surge The firm has a 30-day grace period and will default if that passes without payment. Evergrande's silence on the dollar bond interest payment and another $47.5 million payment due next week contrasts with its treatment of its domestic investors. The company this week resolved one coupon payment on a domestic bond. "This is part of the tactics of any sovereign driven restructuring process - keeping people in the dark or guessing," said Karl Clowry, a partner at Addleshaw Goddard in London. Also Read | China's crisis-hit Evergrande says deal has been reached to avoid default "The view from Beijing is offshore bondholders are largely Western institutions and so can justifiably be given different treatment. I think people think it's still a falling knife." China's central bank again injected cash into the banking system on Friday, seen as a signal of support for markets. But authorities have been silent on Evergrande's predicament and China's state media has offered no clues on a rescue package. Also Read | China's Evergrande crisis: A global financial crisis in the making "These are periods of eerie silence as no-one wants to take massive risks at this stage," said Howe Chung Wan, head of Asia fixed income at Principal Global Investors in Singapore. "There's no precedent to this at the size of Evergrande ... we have to see in the next ten days or so, before China goes into holiday, how this is going to play out." Evergrande appointed financial advisers and warned of default last week and world markets fell heavily on Monday amid fears of contagion, though they have since stabilised. (With inputs from agencies)

Evergrande investors in dark as no news on interest payment emerges

Weeks before World Bank scrapped its flagship doing business ranking following a damning independent investigation, a group of external advisors have recommended an overhaul of ranking to limit countries efforts to manipulate their scores.

External review finds deeper rot in World Bank 'Doing Business' rankings

A majority of Japanese firms say the world's third-largest economy will recover to pre-pandemic levels in fiscal 2022. Watch this report for more details.

World Business Watch : Japan economy to recover in FY2022, shows Reuters poll

Brazil's economy has contracted by 0.1 percent in the second quarter. The setback for the country's economy came as a serious second wave of COVID-19 infections triggered restrictions in major cities during April and May.

World Business Watch: Brazil's economy down by 0.1% in second quarter

The global ban and travel ban have dented business in China's gambling hub Macau which is one of its kind recreational centre in Asia as well.

World Business Watch: COVID-19 hits China's gambling hub, business remains muted in casinos

The world’s biggest companies are back to their pre-pandemic levels of confidence in the global economy’s prospects and most expect to make acquisitions to boost growth, as per a KPMG survey.

World Business Watch: KPMG survey shows CEOs back to pre-pandemic levels of confidence

The recovery of global economies worldwide is facing a host of challenges and has been uneven. How developing nations are looking at economic recovery? What's in store for the future? WION's Sumit Chaturvedi talks to Ms. Busi Mabuza, Chair, BRICS Business Council for more perspective.

World Business Watch: How developing nations are looking at global economic recovery?

South Korea has become the first country in the world to ban big tech firms' payment policies, forcing developers to only use their proprietary billing systems. The country has passed the 'Anti-Google law' bill.

World Business Watch: South Korea bans app payment monopolies by Apple, Google in world first

As production contracted for the first time in 12 months and slowed demand due to rising COVID-19 infections, South Korea's factory activity has slowed in August, also impacted by the supply chain disruptions across the region.

World Business Watch: South Korea's factory activity growth slows as output shrinks

By the 1970s, nearly all petrol produced around the world contained lead. Now, the last country to use it, Algeria, has finally stopped selling it at petrol stations. With this, the use of leaded petrol has come to an end.

World Business Watch: Algeria ends leaded fuel sales at petrol stations

All eyes are on India's April to June or Q1 GDP data figures that will be out today (August 31). During this period though India was hit by the severe second COVID-19 wave.

World Business Watch: India is set to post record fiscal first-quarter GDP

Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash at home over data privacy.

Staff working on the planned launches have been told that they face possible redundancy and Didi has stopped hiring in Britain, pulling the launch plans for at least a year, according to the report.&nbsp;

"We continue to explore additional new markets, liaising with relevant stakeholders in each and being thoughtful about when to introduce our services," a Didi spokesperson said, without mentioning the UK launch plans.

"As soon as we have any more news on additional new markets, we look forward to sharing."

Chinese companies have been caught in a pincer with increasing U.S. scrutiny on one side and a domestic regulatory crackdown on the country's massive internet sector.

The move has rattled tech giants in the country and Didi is under a cybersecurity review, as China revamps its policy towards privacy and data security to ensure secure storage of user data.

Didi which listed its shares in New York in June after raising $4.4 billion in an initial public offering, is looking to expand its international business with recent launches in South Africa, Ecuador and Kazakhstan. 
&nbsp;

Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash at home over data privacy.

Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash at home over data privacy. Staff working on the planned launches have been told that they face possible redundancy and Didi has stopped hiring in Britain, pulling the launch plans for at least a year, according to the report. "We continue to explore additional new markets, liaising with relevant stakeholders in each and being thoughtful about when to introduce our services," a Didi spokesperson said, without mentioning the UK launch plans. "As soon as we have any more news on additional new markets, we look forward to sharing." Chinese companies have been caught in a pincer with increasing U.S. scrutiny on one side and a domestic regulatory crackdown on the country's massive internet sector. The move has rattled tech giants in the country and Didi is under a cybersecurity review, as China revamps its policy towards privacy and data security to ensure secure storage of user data. Didi which listed its shares in New York in June after raising $4.4 billion in an initial public offering, is looking to expand its international business with recent launches in South Africa, Ecuador and Kazakhstan.

Didi suspends UK launch plans amid China crackdown on tech firms - Telegraph

The top US stock regulator on Friday announced new reporting requirements for Chinese shell companies listed on American exchanges. This was in response to Beijing's crackdown on big business.

Beijing has recently taken steps to tighten leash on major corporations in entertainment, ride-hailing, education and online shopping, including cybersecurity checks on firms planning to raise money in foreign markets

In a move he said was aimed at protecting American investors, Gary Gensler, head of the Securities and Exchange Commission (SEC), called for new disclosures including to "prominently and clearly" state whether they have permission to list overseas.

These requirements focus on offshore shell companies known as Variable Interest Entities (VIEs).

"I worry that average investors may not realize that they hold stock in a shell company rather than a China-based operating company," Gensler said in a statement.&nbsp;

"In light of the recent developments in China and the overall risks with the China-based VIE structure, I have asked staff to seek certain disclosures from offshore issuers associated with China-based operating companies."

He also said he asked SEC staff for "targeted additional reviews of filings for companies with significant China-based operations," but gave no details on how those would be determined.

China's new rules have roiled markets in recent days and caused some firms to shelve plans for initial stock offerings.

Ride-hailing giant Didi Chuxing defied authorities and went ahead with its IPO only to face a backlash when Beijing ordered the app to be removed from stores over cybersecurity concerns.

The top US stock regulator on Friday announced new reporting requirements for Chinese shell companies listed on American exchanges. This was in response to Beijing's crackdown on big business.

The top US stock regulator on Friday announced new reporting requirements for Chinese shell companies listed on American exchanges. This was in response to Beijing's crackdown on big business. Beijing has recently taken steps to tighten leash on major corporations in entertainment, ride-hailing, education and online shopping, including cybersecurity checks on firms planning to raise money in foreign markets In a move he said was aimed at protecting American investors, Gary Gensler, head of the Securities and Exchange Commission (SEC), called for new disclosures including to "prominently and clearly" state whether they have permission to list overseas. These requirements focus on offshore shell companies known as Variable Interest Entities (VIEs). "I worry that average investors may not realize that they hold stock in a shell company rather than a China-based operating company," Gensler said in a statement. "In light of the recent developments in China and the overall risks with the China-based VIE structure, I have asked staff to seek certain disclosures from offshore issuers associated with China-based operating companies." He also said he asked SEC staff for "targeted additional reviews of filings for companies with significant China-based operations," but gave no details on how those would be determined. China's new rules have roiled markets in recent days and caused some firms to shelve plans for initial stock offerings. Ride-hailing giant Didi Chuxing defied authorities and went ahead with its IPO only to face a backlash when Beijing ordered the app to be removed from stores over cybersecurity concerns.

US asks for more disclosure from Chinese firms amid Beijing's crackdown

CEO Elon Musk said that Tesla Inc plans to open its network of superchargers to other electric vehicles later this year. The electric-car maker's fast charging network, with over 25,000 superchargers globally, has given it a competitive edge.

World Business Watch: Tesla plans to open its charging network to other EVs

Japan's exports jumped in June led by United States demand for cars and China-bound shipments of chip-making equipment, supporting hopes for an export-led recovery in the world's third-largest economy.

World Business Watch: Japan's exports jump on solid United States and China demand

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