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BEIJING — China’s imports and exports boomed again in March, data showed Tuesday, reaffirming the recovery in the world’s number-two economy continues apace and demand picks up in key overseas markets as they emerge from last year’s virus crisis. The readings highlight the impact of vaccines and the easing of containment measures are having, with expectations for further improvement over the next few months. Imports soared a forecast-busting 38.1 percent on-year as the country’s army of consumers increasingly returned to some form of normality after last year’s crisis forced businesses to shut and people to stay at home. The figure was a huge increase from the 22.2 percent rise seen in January-February and the biggest hike since February 2017. Exports rose 30.6 percent, well off the 38 percent increase tipped in a Bloomberg forecast but still among the highest readings since early 2018. Overseas shipments jumped more than 60 percent in January-February. The outsized increases ... » Learn More about China’s imports pick up further, exports strong in March

LONDON — Britain’s economy rebounded slightly in February despite virus curbs, while exports of goods to the European Union jumped by almost 50 percent but failed to reverse January’s record Brexit-driven slump. Gross domestic product expanded by 0.4 percent in February after sinking by an upwardly-revised 2.2 percent the previous month, the Office for National Statistics (ONS) said in a statement that noted a boost from industrial output and consumer spending. The economy held up despite England’s renewed Covid-19 lockdown, which was implemented in early January but partially eased this week owing to a rapid vaccination drive. From Monday, pubs were allowed to serve drinks outside — and non-essential retailers and hairdressers reopened as well. The phased reopening has sparked hopes for a rebound in economic activity in the current second quarter, or three months to June. The ONS added however on Tuesday that the nation’s economy remains 7.8 percent smaller than its ... » Learn More about Britain’s economy and EU exports advance in February

MANILA, Philippines—President Rodrigo Duterte has urged Congress, especially the Senate, to fast-track three bills which will further open up the economy to more foreign investors and, according to his economic managers, help the economy recover from pandemic-induced recession. In an April 12 letter to Senate President Vicente Sotto III, the President said he certified the immediate passage of amendments to the Public Service Act, the Foreign Investments Act, as well as the Retail Trade Liberalization Act. Amendments to the antiquated public service and foreign investment laws would allow greater foreign participation in sectors that had been restricted only to Filipino investors. The proposed amendment to the Retail Trade law seeks to bring down the ceiling for capital required of foreign-led retailers for setting up shop in the Philippines. Speaker Lord Allan Jay Velasco was also furnished the letter, a printed copy of which was sent by Finance Secretary Carlos Dominguez to ... » Learn More about Duterte asks Congress to give priority to new laws removing barriers to foreign investments

SINGAPORE - Men have become as keen as women on calling for more flexible work options, according to a new survey. Women have traditionally tended to favour flexi-work due to their roles as primary caregivers but there has been a shift, as the poll outlined. It found that 71 per cent of men and 76 per cent of women surveyed here wanted to work more flexible hours. The poll out last week also noted that 55 per cent of men already had flexibility at work while 43 per cent of women were in the same position. The desire among men for more flexi-work options is driven by millennials, said Mr Abhijeet Mukherjee, chief executive of the Asia-Pacific and Gulf regions at recruitment site Monster.com, which did the survey. "As Singaporean families move towards a more balanced share of the load between partners, men are starting to demand greater flexi-work options so that they can better support their families." This finding was also reflected in the other countries surveyed - ... » Learn More about Nearly as many men as women want flexi-work: Survey

BRUSSELS (Reuters) - NATO Secretary-General Jens Stoltenberg called on Russia on Tuesday to withdraw troops from Ukraine's eastern border in what the alliance says is Moscow's biggest build-up since 2014, ahead of an emergency meeting of allied foreign and defence ministers. Ukraine's Foreign Minister Dmytro Kuleba flew to Brussels for talks with Stoltenberg a day after Kyiv accused the Kremlin of ignoring its request for talks between the two countries' presidents over a build-up of Russian troops near its border. "In recent weeks Russia has moved thousands of combat-ready troops to Ukraine's borders, the largest massing of Russian troops since the illegal annexation of Crimea in 2014," Stoltenberg said. Russia has said it moves its forces around as it sees fit, including for defensive purposes, and has regularly accused NATO of destabilising Europe with its troop reinforcements in the Baltics and Poland since the annexation of Ukraine's Crimea. "Russia must end this ... » Learn More about NATO demands Russia end Ukraine build-up, West examines options