Commodities

EU threatens UK with legal action over post-Brexit trade arrangement
The European Union is threatening the UK with legal action over differences on their post-Brexit trade agreement and more specifically areas involving Northern Ireland.

US services sector growth slows in February, price pressures jump
Activity in the US services sector slowed last month amid a big decline in the rate of new orders, the results of a closely-followed survey showed.

US private sector payrolls grow less quickly than expected in February, ADP says
Private sector employment in the States grew a tad less quickly than anticipated last month, the results of a closely-followed survey revealed.

Kremlin pledges to retaliate against US/EU sanctions
The Kremlin on Wednesday sought to minimise the importance of the sanctions imposed by the United States and the European Union over Russia’s treatment of opposition politician Alexei Navalny, but at the same time pledged to retaliate.

US to achieve herd immunity by end of summer 2021
The US is set to reach herd immunity by Independence Day, reiterated an analyst who had previously predicted that same date.

Eurozone economy on course for double-dip recession
The eurozone economy is on course for a double-dip recession as the coronavirus pandemic takes its toll, according to a survey released on Wednesday.

EU considers emergency approvals for Covid-19 vaccines
The European Commission said on Tuesday it was considering emergency approvals for Covid-19 vaccines.

Fossil fuel emissions close to pre-Covid levels -IEA
Global fossil fuel emissions were 2% higher in December 2020 than in the same month of 2019, revealed the latest report from the International Energy Agency.

Eurozone inflation holds steady at 0.9%
Inflation in the eurozone was unchanged in February, official data showed on Tuesday, in line with expectations.

United orders extra 25 Boeing 737 MAX jets
United Airlines Holdings ordered an extra 25 new Boeing 737 MAX aircraft for delivery in 2023 and moved up deliveries of others as it prepares to replace older jets.

EU to propose vaccine certificates for summer travel
The European Commission is set to propose in March a new EU-wide digital certificate that will provide proof of vaccination against Covid-19 that it is hoped will allow free travel during the summer holidays.

UK manufacturing growth subdued amid supply chain disruptions
Activity in the UK manufacturing sector grew a touch more than initially estimated in February but remained subdued amid supply chain disruptions, according to a survey released on Monday .

No evidence yet of 'inflationary psychology', University of Michigan says
Consumer confidence in the US picked up a tad in late February, but middle-income families were not overly confident regarding the prospects for a quick rebound in the economy, findings from a key survey revealed.
Chicago PMI ticks lower in February
Economic activity in the Chicago area deteriorated more than expected in February, according to data released on Friday.

US carries out air strikes in Syria
President Joe Biden on Thursday ordered a US military air strike in eastern Syria against facilities that are backed by Iranian militia.

KAZ Minerals posts rise in full-year sales on the back of higher commodity prices
KAZ Minerals reported modest full-year topline growth on the back of higher commodity prices, which more than offset lower output and sales volumes.

Plant-based food startup Next Gen raises $10m in funding round
Singapore’s plant-based food startup Next Gen just raised $10m in a seed funding round from investors.

US weekly jobless claims drop below 800,000
US jobless claims in the week ended 20 February came in shy of economists' forecasts on Thursday, according to the Department of Labor.

Biden to sign executive order to address global semiconductor chip shortage
President Joe Biden is set to sign an executive order on Wednesday to address a global semiconductor chip shortage that has automakers around the world, including those in the US, forced to cut production.

BBVA considers cutting 3,000 jobs from Spanish workforce
Spain's BBVA is considering cutting around 3,000 jobs in the country, reported Expansión on Wednesday.
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