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Global Economy
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Trump-era trade stress leads Western powers to China
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Global Economy
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Global Economy
Bangladesh Bank bought nearly $4 billion in FY26 so far
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Business
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Business
Britain launches aviation charter to fight airport disruption
The British government launched an “Aviation Passenger Charter” on Sunday to help passengers know their rights if they are faced with problems at airports after the widespread disruption seen this year.
17 July 2022, 18:00 PM
Canada inflation may tip 8pc
The Bank of Canada expects inflation to go “a little over” 8 per cent, as soon as next week when June’s data is released, and stay in that range for a few more months, Governor Tiff Macklem told a business group in a webcast transcript released late Friday.
17 July 2022, 18:00 PM
Boeing expects 787 orders to pick up
Boeing expects to see a pick-up in new orders for its 787 Dreamliner model once it restarts deliveries of the plane, Commercial Airplanes CEO Stan Deal said on Sunday.
17 July 2022, 18:00 PM
US to move ahead with global minimum corporate tax
The United States will look for every opportunity to move ahead and enact a global minimum corporate tax agreement despite the opposition of a key Democratic senator, Joe Manchin, to raising corporate taxes, US Treasury Secretary Janet Yellen said.
17 July 2022, 18:00 PM
Canadian home prices go down
The price of a resale home in Canada fell 1.8 per cent in June from last year, the first annual decline since May 2020, as the market continued to cool sharply from February’s peak amid tighter borrowing conditions, data from Canada’s realtors showed Friday.
16 July 2022, 18:00 PM
Saudi Arabia doubles Russian oil imports for power generation
Saudi Arabia, the world’s largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to meet summer cooling demand and free up the kingdom’s own crude for export, data showed and traders said.
16 July 2022, 18:00 PM
China’s refinery output declines
China’s refinery throughput for the six months to June marked the first annual decline for the period since at least 2011, data showed on Friday, as strict Covid-19 restrictions and fuel export curbs dampened production.
16 July 2022, 18:00 PM
Biden to talk oil at Arab summit
US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia, the final stop of his Middle East tour.
16 July 2022, 18:00 PM
US, Saudi Arabia sign 18 energy, other deals
The United States and Saudi Arabia signed 18 partnership agreements in fields including energy, communications, space and healthcare during a visit by US President Joe Biden, Saudi state TV al-Ekhbariya reported.
16 July 2022, 18:00 PM
GSK spin-off to create consumer healthcare giant
British drugs giant GlaxoSmithKline on Monday demerges its newly-named consumer healthcare unit Haleon, resulting in what is set to be London’s largest new stock market listing in more than a decade.
16 July 2022, 18:00 PM
US retail sales zoom higher in June despite soaring prices
US retail sales shot up in June amid the ongoing surge in prices, according to new data Friday that spelled more bad news for the Federal Reserve as it struggles to rein in rampant inflation.
16 July 2022, 18:00 PM
China’s economy brakes sharply
China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread Covid lockdowns and pointing to persistent pressure over coming months from a darkening global outlook.
16 July 2022, 18:00 PM
The big default?
Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves point to a record number of developing nations now in trouble.
16 July 2022, 18:00 PM
Indonesia removes palm oil export levy until Aug 31
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.
16 July 2022, 18:00 PM
Debt crisis: Which countries are at risk of defaulting?
Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves point to a record number of developing nations now in trouble.
15 July 2022, 16:35 PM
UAE to invest $2b in India ‘food parks’
The United Arab Emirates has pledged $2 billion to help develop a series of “food parks” in India to tackle food insecurity in South Asia and the Middle East, the UAE, India, the United States and Israel said on Thursday.
14 July 2022, 18:00 PM
UK ‘jobs miracle’ turns into employers’ nightmare
Job vacancies seem to come ten-a-penny in Keswick, a tourist town in England’s picturesque Lake District, as the hospitality sector cries out for staff -- shortages which are a direct result, critics say, of the coronavirus pandemic and of Brexit.
14 July 2022, 18:00 PM
Burned Twitter deal bankers see silver lining in Musk’s startups
Wall Street’s top investment banks that stand to lose lucrative fees from Elon Musk abandoning his $44 billion acquisition of Twitter Inc hope the start-ups backed by the world’s richest person will make up for the lost business.
14 July 2022, 18:00 PM
India’s inflation stays above 15pc in June
India’s annual wholesale price-based inflation kept above 15 per cent in June, government data showed on Thursday, but the slight easing from the prior month’s three-decade high of 15.88 per cent strengthens prospects for more rate hikes next month by the central bank.
14 July 2022, 18:00 PM
EU cuts euro zone growth forecasts
The European Commission cut its forecasts for economic growth in the euro zone for this year and next and revised up its estimates for inflation on Thursday largely due to the impact of the war in Ukraine.
14 July 2022, 18:00 PM