SYDNEY – The Reserve Bank of Australia (RBA) governor, Philip Lowe, said on Friday that the bank would refrain from increasing interest rates in order to maintain the nation’s record low unemployment rate. In December, Australia’s unemployment rate hit a multi-decade low of 4.2 percent. Lowe predicted that the rate could drop below 4 percent … Read more
GENEVA: Europe reported almost two million new Covid-19 infections last week, the largest weekly case count in the region since the start of the pandemic, the World Health Organisation (WHO) said here on Friday. There were also almost 27,000 coronavirus-related deaths in Europe, more than half of all Covid-19 deaths in the world last week, … Read more
TOKYO: Nissan tripled its full-year net profit forecast on Tuesday, as it rebounded from the impact of the pandemic with a strong quarterly performance, saying it expected to withstand challenges, including the global chip crunch and rising raw material prices. The firm now projects 180 billion yen ($1.6 billion) in net profit for the fiscal … Read more
