Russian economy faring better than expected: Putin

President Vladimir Putin said late on Tuesday that the Russian economy was performing better than expected after Prime Minister Mikhail Mishustin reported to him that gross domestic product growth and inflation have been surprisingly positive.
5 July 2023, 18:00 PM

Chipmaking export curbs just a start

China’s export controls on metals used in making semiconductors are “just a start”, an influential Chinese trade policy adviser said on Wednesday, as it ramps up a tech fight with the US days before US Treasury Secretary Janet Yellen visits Beijing.
5 July 2023, 18:00 PM

EU concerned over China export controls

The European Commission expressed concern on Tuesday over China’s planned curbs on exports of strategic metals widely used in the semiconductor industry and doubt that the move was related to security.
4 July 2023, 18:00 PM

Falling exports in May add to German woes

German exports dipped in May after a small rebound in April, official data showed Tuesday, adding to a gloomier outlook for Europe’s biggest economy.
4 July 2023, 18:00 PM

Oil prices go up amid supply cuts

Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against a weak global economic outlook.
4 July 2023, 18:00 PM

UN talks aim to harness AI power, potential

The United Nations is convening this week a global gathering to try to map out the frontiers of artificial intelligence and to harness its potential for empowering humanity.
4 July 2023, 18:00 PM

Chinese smartphones dominate Russian market

Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70 percent of all sales, leading consumer electronics retailer M.Video-Eldorado said, up from about 55 percent last year.
4 July 2023, 18:00 PM

Meta to launch Twitter challenger app Threads

Meta Platforms plans to launch a Twitter-rivalling microblogging app called Threads, days after Twitter boss Elon Musk attracted criticism by announcing a temporary cap on how many posts users can read on the social media site.
4 July 2023, 18:00 PM

Tesla beats delivery estimates

Tesla Inc on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and US federal credits helped make its electric vehicles more affordable.
3 July 2023, 18:00 PM

Pakistan inflation eases for first time in seven months

Pakistan’s headline inflation eased for the first time in seven months in June, figures released Monday showed, a bright spot for a beleaguered government that must call an election this year.
3 July 2023, 18:00 PM

Rupee hits near 2-month high

The Indian rupee climbed to a near two-month high versus the US currency on Monday on the back of dollar offers by foreign banks, traders said.
3 July 2023, 18:00 PM

Asia’s factory output falls

Asia’s factory activity slumped in June, business surveys showed on Monday, as sluggish demand in China and advanced nations clouded the outlook for the region’s exporters.
3 July 2023, 18:00 PM

EU, Japan to deepen chip cooperation

The European Union (EU) will deepen cooperation with Japan on semiconductors, industry chief Thierry Breton said on Monday, as countries move to strengthen control over a technology vital for the defence, electronic and automotive sectors.
3 July 2023, 18:00 PM

Indian refiners start paying in yuan for Russian oil

Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments.
3 July 2023, 18:00 PM

Oil giants drill deep as profits trump climate concerns

Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives.
3 July 2023, 18:00 PM

India refiners start yuan payments for Russian oil imports

Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments.
3 July 2023, 11:03 AM

Saudi Arabia and Russia deepen oil cuts, sending prices higher

Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil cuts on Monday, sending prices higher despite concerns over a global economic slowdown and possible further interest rate hikes from the US Federal Reserve.
3 July 2023, 10:57 AM

Oil prices range-bound amid tighter supply, slow demand fears

Oil prices were roughly unchanged on Monday as concerns about global macroeconomic headwinds and possible further interest rate hikes from the US Federal Reserve offset forecasts of tighter supplies amid OPEC+ cuts.
3 July 2023, 06:09 AM

Polluting shipping sector to face climate reckoning

The hefty carbon footprint of global shipping networks that crisscross our oceans and keep the world’s economy afloat will come under scrutiny next week, as countries wrestle over measures to slash planet-heating pollution.
2 July 2023, 18:00 PM

India’s GST receipts rise 12% in June

India’s goods and services tax (GST) collections rose nearly 12 per cent year-on-year to 1.61 trillion rupees ($19.61 billion) in June, a government statement showed on Saturday.
2 July 2023, 18:00 PM