The German economy grew by 8.2% in the third quarter and is forecast to shrink less than expected in 2020, official data showed yesterday, even as the country faces new shutdowns to contain a second coronavirus wave.

Asian markets tumbled yesterday with investors spooked by soaring virus cases in Europe and the United States that have forced fresh lockdowns, while uncertainty ahead of next week’s US election was also dampening sentiment.

The biggest initial public offering of all time has unleashed an investor frenzy for the record books.

Hong Kong’s long recession showed signs of easing in the third quarter, with a gradual improvement in domestic and external demand from an improving Chinese economy, an easing of the Covid-19 outbreak and stronger financial market activity.

Exxon Mobil Corp posted its third straight quarterly loss yesterday and detailed deeper spending cuts to come, as the oil major reels from the Covid-19 pandemic’s impact on energy demand and prices.

The late launch of new 5G phones caused Apple Inc’s customers to put off buying new devices, leading the company on Thursday to report the steepest quarterly drop in iPhone sales in two years.

Stocks in Europe and the US pulled back yesterday despite news of rebounding economic growth and robust tech earnings.

Britain can afford to ramp up its already massive spending push to counter the effects of the coronavirus pandemic on the economy, the head of the International Monetary Fund has said.

Companies in Qatar are keen on exporting more products bearing the ‘Made in Qatar’ trademark to the American market to further enhance trade ties with the US, according to Qatar’s commercial attaché to the US.

The domestic earnings woe had its profound impact on the Qatar Stock Exchange, which lost a sizeable more than 267 points in its key barometer and about QR23bn in capitalisation this week.

A robust double-digit growth in credit to the public sector and the rapid expansion in reserves helped Doha's commercial banks' assets rise more than 9% year-on-year in September

The European Central Bank signalled it stood ready to bolster its pandemic stimulus in December as surging coronavirus infections darken the eurozone’s economic outlook.