The European Central Bank hiked interest rates to a 22-year high Thursday and said another increase in July was “very likely”, as it pushed ahead with its fight against inflation despite a darkening eurozone economy.

Sri Lanka’s economy shrank 11.5 per cent in the first three months of 2023, official data showed on Thursday, as the country remained in the grip of its worst financial crisis in decades.

Strikes at Chinese factories have surged to a seven-year high and are expected to become more frequent as weak global demand forces exporters to cut workers’ pay and shut down plants, one rights group and economists say.

The Russian side has clearly fulfilled its obligations and the mechanism created is still functioning.

Japanese ambassador says at JBCCI, Jetro seminar

The alliance will play a pivotal role in initiating policy dialogues focused on reducing carbon dioxide emissions, developing climate-responsive power policies, establishing power purchase agreements and identifying climate-smart investment opportunities

Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s plunge.

As a new European Union zero-tolerance deforestation law looms, several major investors told Reuters they are concerned about their exposure to the issue, with some saying they could quit consumer goods makers with “risky” supply chains.

China’s central bank on Tuesday cut a key policy interest rate, in a surprise move to boost the country’s flagging economy.

The dollar fell slightly on Tuesday as investors awaited US inflation data, while China’s yuan slipped to a six-month low after the central bank lowered a short-term lending rate to boost the economy.

The number of fossil fuel companies setting net-zero emissions targets has risen sharply over the past year, but most fail to address key concerns, making them “largely meaningless”, a report showed on Monday.

German investor morale improved unexpectedly in June, the ZEW economic research institute said on Tuesday, but warned of persistent headwinds as export-focused sectors struggled with a weak global economy.

The Reserve Bank of India (RBI) is looking to tighten scrutiny on the unsecured lending portfolios of banks amid the growing risk of potential defaults, four banking sources told Reuters.

Born out of the desire to create a decentralised currency not controlled by a government, the crypto movement has long resisted regulation.

India’s annual retail inflation cooled to a more than two-year low of 4.25 per cent in May as cost pressures on food eased, moving closer to the Reserve Bank of India’s (RBI) target of 4 per cent, government data showed on Monday.

The dollar slipped on Monday as traders stayed on guard ahead of policy decisions this week from several central banks, including the Federal Reserve, who are expected to keep interest rates on hold for the first time since January 2022.

The first shipment of Russian oil to energy-starved and dollar-strapped Pakistan was due to be unloaded at Karachi port on Monday, Prime Minister Shehbaz Sharif said.

India has urged Myanmar’s administration to speed up the process of trade settlements through mutual currencies, a mechanism that was earlier agreed, an exporters’ body official said on Monday.

The event's first day saw signing of $10b investment agreements

New World Bank President Ajay Banga says