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New Look to pull out of China with closure of 120 stores

New Look to pull out of China with closure of 120 stores – Sarah Butler Fashion chain’s decision comes as it continues to face tough conditions on UK high street New Look is to close all its 120 shops in China by the end of the year after disappointing sales, as it continues to battle […]

World stock markets dive as Trump attacks ‘crazy’ US rate hikes

World stock markets dive as Trump attacks ‘crazy’ US rate hikes – Martin Farrer President adds to borrowing costs concern as China tension fuels febrile market mood A jittery, volatile week on global financial markets has burst into a frenzy of selling, triggered by heavy losses on Wall Street and comments by Donald Trump describing […]

China pumps $109bn into economy as trade war bites on growth

China pumps $109bn into economy as trade war bites on growth – Martin Farrer Central bank slashes the reserve requirements for banks, freeing extra cash for infrastructure and businesses China has slashed the amount of cash some of its banks must hold in reserve as Beijing’s leadership seeks to bolster a flagging economy. As higher […]

Shell approves $12bn liquefied natural gas project in Canada

Shell approves $12bn liquefied natural gas project in Canada – Adam Vaughan Scheme will send supercooled gas to Asia as countries switch over from coal Shell has approved a $12bn (£9.3bn) investment in a mega energy project to send supercooled gas from Canada to China and other Asian countries as they turn from coal to […]

Satellite images show ‘runaway’ expansion of coal power in China

Satellite images show ‘runaway’ expansion of coal power in China – Adam Vaughan Extra 259GW capacity from coal in pipeline despite Beijing’s restrictions on plants Chinese coal-fired power plants, thought to have been cancelled because of government edicts, are still being built and are threatening to “seriously undermine” global climate goals, researchers have warned. Satellite […]