• China GDP spikes by 18.3% in Q1 2021

      China GDP spikes by 18.3% in Q1 2021

      Chinese economy posted a robust growth in the first three months of this year edging up to 18.3%, AP reported quoting official statistics data. The rapid growth is attributed to a rebound from the pandemic crisis, but overall growth is running out of steam with key sectors like manufacturing seen stable at pre-Covid-19 levels with their advance being bound by several factors including the trade war with US.

      48
    • UK exports to EU return to robust growth

      UK exports to EU return to robust growth

      Trade relations between UK and EU have returned to the fast growth lane in February after the registered January disruption, BBC reported, quoting official statistics data. British exports to the EU jumped by 46.6%,  to £11.6bn, following January's 42% slump when firms struggled with new trade rules related to Brexit. However, the UK Office for National Statistics noted that exports were still below last year's levels and imports from the EU had seen a weaker recovery. Other figures from the ONS showed the UK economy grew by 0.4% in February.

      25
    • Chinese exports rise by 30.6% in March

      Chinese exports rise by 30.6% in March

      Despite the pandemic, the ongoing economic crisis and punitive tariffs, China's exports rose by 30.6% in March compared to the same period last year, marking further strong growth for the country's foreign trade. Customs data released Tuesday also indicated an unexpectedly strong showing for imports, which grew by 38.1%.

      39
    • Italian car sales rocket by 497.2% in March

      Italian car sales rocket by 497.2% in March

      Italian car sales were 497.2% up in March compared to the same month last year, when sales plummeted during the first Covid-19 lockdown, sector sources said quoted by ANSA. First quarter sales were 28.7% up. Lamborghini had its most profitable year ever in 2020 and its second best sales year in the brand's history. Only in 2019 were more Lamborghinis sold.

      58
    • Traffic in Suez Canal resumes

      Traffic in Suez Canal resumes

      Shipping traffic through Egypt’s Suez Canal resumed on Monday after a giant container ship which had been blocking the busy waterway for almost a week was refloated, the canal authority said cited by Reuters.

      67
    • The Suez Canal saga continues with no end in sight

      The Suez Canal saga continues with no end in sight

      Efforts to dislodge the ginormous container ship blocking the Suez Canal progressed overnight, with its stern and rudder moving, but it is still unclear when the tanker Ever Given could be refloated. At the same time, over 320 vessels are waiting to enter or continue their transit through world's busiest shipping route, with none of them choosing to reroute around the Cape of Good Hope, which could delay their journey by weeks.

      76