Residential property markets in major economies will soar on monetary and fiscal support this year, and amid a recovery from the pandemic, according to Reuters polls, which showed upside risks to prices.

World Business Watch | Poll: Residential property markets will soar this year in major economies

The Ministry of Trade and Industry said that Singapore's economy grew by 1.3% in the first quarter of 2021 compared to a year earlier. This is the highest growth rate in Singapore since the fourth quarter of 2019.

World Business Watch: Singapore economy expanded more than expected in it's Q1

The finance ministry said on Sunday that India challenged an international arbitration tribunal asking it to refund $ 1.2 billion to UK's Cairn Energy plc on grounds, as it never agreed to arbitrate over a "national tax dispute".

World Business Watch: India challenges international arbitration tribunal amidst dispute with Cairn

Britain's main opposition Labour Party said it would push for a vote in parliament on Monday over the support of United States' plans to introduce a global minimum corporation tax rate.

World Business Watch: UK's opposition pushes for vote in support of US minimum corporation tax plan

The US Treasury Department has offered to accept a global minimum corporate tax of at least 15% during international negotiations, a rate significantly below its proposed 21% minimum for US MNC's.

World Business Watch: US Treasury floats global corporate tax of at least 15%

The US trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals.

World Business Watch: US trade deficit hits record $74.4 billion in March

Electric car maker Tesla has made a record profit in the first quarter of this year despite shortages of semiconductor and chips. Tesla has surpassed Wall Street expectations marginally and booked a record income of $438 million.

World Business Watch: Tesla posts record net income, revenue surges by 74%

Lyft will sell its self-driving division to a unit of Toyota Motor for $550 million, a move the ride-hailing giant said will help it turn a profit sooner than previously expected.

World Business Watch: Lyft sells self-driving unit to Toyota's woven planet

As COVID-19 second wave has ravaged India, the insurance industry is seeing a marked rise in the number of health insurance premiums. WION brings you the answers of all questions rising in the your mind regarding health insurance policy.

World Business Watch: Health insurance policy sale on rise amid COVID-19 pandemic

Volkswagen has warned managers to prepare for a bigger production hit in the second quarter than the first due to a global chip shortage. Wayne Griffiths, president of Volkswagen's Spanish brand Seat called the shortage the "biggest challenge" the company faces at the moment.

World Business Watch: Volkswagen warns less production over chip shortage

Oil prices eased slightly on Monday on concerns that a resurgence of COVID-19 infections in India and Japan, the world's third and fourth largest oil importers, would cut fuel demand in Asia.

World Business Watch: Oil inches lower on concerns over COVID-19 surge in India, Japan

Goldman Sachs has said the United Kingdom looks set to see faster economic growth than the United States this year as the country races ahead with its vaccination programme after its slump in 2020.

World Business Watch: Goldman Sachs expects UK to beat US in economic recovery

According to Reuters polls of over 500 economists, the global economy will recover this year from its Coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major economies.

World economy to stage vigorous recovery, jobs growth to lag: Reuters Poll

Jaguar Land Rover is to temporarily shut down production at two of its main UK factories over a shortage of computer chips or semi-conductors. The global semiconductor shortage is an ongoing issue caused by the COVID-19 pandemic that’s affecting multiple industries, including the automotive sector.

World Business Watch: Jaguar Land Rover shuts two plants temporarily in UK amid chip shortage

US' Southwest Airlines is recalling over 2,700 flight attendants from leave to support its summer schedule, ending a voluntary furlough program introduced during the Coronavirus pandemic as travel demand waned.

World Business Watch: Southwest Airlines recalls over 2,700 flight attendants for summer

A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade.

World Business Watch: Global supply lines struggle to clear container backlog after Suez Canal chaos

According to reports, Tesla is scouring India for showroom locations as it targets a move into the country but the lack of infrastructure for electric vehicles could make it a tough market to crack.

World Business Watch: Tesla targets India, but faces bumpy road

General Motors and Ford Motor both said that they will cut more vehicle production due to a semiconductor chip shortage that has roiled the global automotive industry.

World Business Watch: GM, Ford cutting more production due to chip shortage

General Motors is testing a variety of battery chemistries, technologies and manufacturing processes aimed at slashing the cost of future electric vehicle batteries and reducing its dependence on such price-sensitive metals as cobalt.

World Business Watch: GM aims at slashing electric vehicles battery costs

To speed up deliveries in small markets United Parcel Service (UPS) has agreed to buy 10 electrical aircraft from Beta Technologies (BETA). The vehicle has a 1,400 lb cargo capacity, a range of 250 miles and zero operating emissions.

World Business Watch: UPS to buy 10 electric aircraft for delivery

The US trade deficit surged to a record high in February as the nation's economic activity rebounded more quickly than that of its global rivals and could remain elevated this year as well, with massive fiscal stimulus expected to spur the fastest growth in nearly four decades.

World Business Watch: US trade deficit hits record high in February

Supported by strengthening domestic demand amid increased COVID-19 vaccinations and additional pandemic aid US job openings rose to a two-year high in February.

World Business Watch: US job openings jump to two-year high in boost to labour market

A US auto industry group urged the government to help as it warned the global semiconductor shortage could result in 1.28 million fewer vehicles built this year and disrupt production for another six months.

World Business Watch: US auto group warns of impact of chip shortage, writes to govt for help

Japan’s household spending fell 6.6% in February from a year earlier, down for the third straight month under the country’s second state of emergency over the coronavirus pandemic.

World Business Watch: Japan household spending dropped 6.6% for third month

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