Local Legends

Stuff that matters

EU set to call time on combustion engine within two decades

The European Union is set to propose measures on Wednesday, as part of a broad climate package, that signal the end of petrol (gasoline) and diesel car sales within 20

Read More

German economic recovery at full swing

“The supply bottlenecks for intermediate products … have a dampening effect, however they do not impair the positive underlying dynamic of the overall economy,” the ministry said in its monthly

Read More

China’s bank regulator warns of rising bad loans due to uneven recovery

Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is unbalanced and lacks a solid foundation, the country’s top banking and

Read More

ESG fever: share of sustainable fund trading soaring in 2021

The rush to invest in exchange-traded funds focusing on environmental, social and governance (ESG) issues jumped in the first half of 2021, with monthly turnover more than tripling to nearly

Read More

Australia faces first economic contraction in a year on Sydney lockdown

A drop in gross domestic product (GDP) from the previous quarter would represent the country’s first economic contraction since June 2020, when a nationwide coronavirus lockdown forced businesses to down

Read More

Dubai bank’s win in Abu Dhabi court to remain legal headache for NMC

An Abu Dhabi judge referred to arbitration a dispute between NMC and Dubai Islamic Bank and ordered the firm to pay most of the legal costs incurred by the lender,

Read More

Investors fear Europe Inc’s Q2 earnings rebound probably as good as it gets

European corporate earnings are expected to have more than doubled in the second quarter of 2021, but many investors fear volatility could follow as the idea sinks in that Europe

Read More