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Mann’s three-year stint on the nine-member panel – which sets interest rates and oversees the BoE’s 895 billion-pound ($1.24 trillion) bond-buying programme – will begin on Sept. 1. She replaces Gertjan Vlieghe, who is stepping down after six years. “I Read more
Pernod Ricard is confident about its prospects in Asia, helped by cognac and scotch whisky demand in China, the French drinks company’s Asia boss said on Tuesday. “Despite the pandemic and the many uncertainties we have to navigate through, our Read more
The European Central Bank has told Deutsche Bank AG it will probably need to hold more equity to account for the risk in lending to highly indebted clients, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Read more
The U.S Commerce Department said Monday it was rescinding a list of prohibited transactions with TikTok and WeChat that were issued in September as the Trump administration sought to block new U.S. downloads of both Chinese-owned apps. The withdrawals came Read more
Nissan’s Oppama plant, another domestic assembly plant located in Kanagawa, has been adjusting production since mid-May by operating without a night shift and will continue to do so in July, the sources said. “Due to the global chip shortage, Nissan Read more
The European Commission approved on Tuesday Germany’s 25.6 billion euro plan to recover from the pandemic and transform the economy to become greener and more digitalised in coming years. The scheme will be financed from EU grants only until 2026. Read more
Climate change poses a “significant risk” to the global economy and the financial system, San Francisco Federal Reserve President Mary Daly said on Tuesday, adding that large swaths of the United States could be disrupted. The economic reckoning with the Read more