Bhutan GDP growth to rebound to 5.1pc

The Bhutanese economy is expected to grow by 5.1 per cent in the financial year 2021-22, according to the World Bank’s “Global Economic Prospects” report, released on January 11.
16 January 2022, 18:00 PM

US grocery shortages deepen as pandemic dries supplies

High demand for groceries combined with soaring freight costs and Omicron-related labor shortages are creating a new round of backlogs at processed food and fresh produce companies, leading to empty supermarket shelves at major retailers across the United States.
16 January 2022, 18:00 PM

China’s economy grows 8pc in 2021

China’s economy expanded at its fastest pace for 10 years in 2021, according to an AFP poll of analysts, but its strong recovery from the Covid-19 pandemic is threatened by Omicron and a property sector slowdown.
15 January 2022, 18:00 PM

Google buys London office complex for $1b

Google on Friday agreed to buy a central London building complex for $1 billion, but stressed it remained committed to new hybrid working patterns in the wake of Covid.
15 January 2022, 18:00 PM

Global crypto funds post sharp gains

Global cryptocurrency funds racked up steep gains last year after most digital currencies soared in price, led by bitcoin and ether amid strong institutional interest and greater acceptance from regulators worldwide, according to BarclayHedge, a division of Backstop Solutions
15 January 2022, 18:00 PM

US industrial output slows in December

A downturn in the US manufacturing sector in the final month of 2021, notably the hard-hit auto sector, caused overall industrial output to dip in December, the Federal Reserve said Friday.
15 January 2022, 18:00 PM

India, UK start post-Brexit trade talks

Britain and India began hammering out a post-Brexit trade deal on Thursday, with London seeking a cut in tariffs on Scotch whisky and greater access to the Asian giant’s services and tech sectors.
13 January 2022, 18:00 PM

D-8 to develop climate-smart farm tech

The member countries of D-8, an alliance of eight developing countries, have agreed to Bangladesh’s proposal to take up a ‘multinational integrated project’ for the development of climate-smart agricultural technology.
13 January 2022, 18:00 PM

Omicron causes drop in airline ticket sales

Airline ticket sales fell sharply at the end of 2021, the International Air Transport Association (IATA) said Wednesday, blaming governments for having “over-reacted” to the Omicron Covid variant by closing borders.
13 January 2022, 18:00 PM

US budget deficit falls 34pc in Oct-Dec

The US budget deficit shrank in the first three months of the fiscal year amid a surge in taxes paid by individuals and corporations, the Treasury Department said Wednesday.
13 January 2022, 18:00 PM

US prices hit 4-decade high in 2021

US consumer prices jumped last year at the fastest pace in four decades, the government confirmed Wednesday, underscoring the potent inflation wave that has sapped public support for President Joe Biden even as the economy recovers from the pandemic.
13 January 2022, 18:00 PM

Sri Lanka slams latest credit rating downgrade

Sri Lanka accused international rating agencies of undermining efforts to rebuild its cash reserves on Thursday after S&P warned the island’s stricken economy risked a sovereign debt default.
13 January 2022, 18:00 PM

China inflation eases in December

Inflation in China eased in December thanks to falling food and commodity costs, with analysts saying Wednesday’s figures give policymakers room to unveil measures to kickstart the stuttering economy including interest rate cuts.
12 January 2022, 18:00 PM

Taliban increase payment in wheat

The Taliban administration said on Tuesday it was expanding its ‘food for work’ program, in which it uses donated wheat to pay thousands of public sector employees instead of cash as a financial crisis intensifies.
12 January 2022, 18:00 PM

Germany must cut energy use by 20-25pc to hit 2030 goals

Germany faces a gigantic task to achieve the climate protection goals it has set itself, Climate Minister Robert Habeck said on Tuesday,
12 January 2022, 18:00 PM

Sri Lanka rejects IMF bailout, seeks new China loan

Sri Lanka ruled out an IMF bailout on Wednesday and said it plans to seek another loan from China to address an economic crisis that has led to food and fuel shortages.
12 January 2022, 18:00 PM

Gloomy outlook for global recovery: WEF

 Only one in 10 World Economic Forum members surveyed expects the global recovery to accelerate over the next three years, a poll of nearly 1,000 business, government and academic leaders found, with only one in six optimistic about the world outlook.
11 January 2022, 18:00 PM

Asian-owned shipbuilders in Germany file for bankruptcy

Asian tourism and casinos giant Genting’s shipbuilding subsidiaries in Germany filed for bankruptcy Monday, which one union leader described as a  “dark day” for the country’s dockyards.
11 January 2022, 18:00 PM

Indonesia eases coal export ban

Indonesia, the world’s top exporter of thermal coal, on Monday said it would ease a ban on exports of the fuel that it imposed to head off looming blackouts.
11 January 2022, 18:00 PM

Fed’s Powell to highlight inflation fight at hearing

Federal Reserve Chair Jerome Powell will highlight the central bank’s efforts to fight inflation and stabilize the US economy at his confirmation hearing, according to testimony released Monday.
11 January 2022, 18:00 PM