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28 January 2026, 00:00 AM
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Global Economy
Orders of US manufactured goods slump
Orders for big-ticket US manufactured goods dropped more than expected in November,bogged down by a sharp decline in the aircraft segment, according to government data released recently.
26 December 2022, 18:00 PM
Global cenbanks deliver historic rate hike blast
Major central banks ramped up interest rates at the fastest pace and biggest scale in at least two decades in 2022 as policy makers went all out in the battle to contain surging inflation.
26 December 2022, 18:00 PM
Tesla suspends production at Shanghai plant
Tesla suspended production at its Shanghai plant on Saturday, according to an internal notice and two people with knowledge of the matter, bringing ahead a previous plan to pause most work at the plant in the last week of December.
25 December 2022, 18:00 PM
India should prepare for headwinds: IMF
India’s future interest rate hikes should be carefully calibrated and its intervention in the foreign exchange market should be limited to managing volatility, the International Monetary Fund (IMF) said on Friday.
25 December 2022, 18:00 PM
India’s forex reserves fall, now $563.5b
India’s foreign exchange reserves snapped a five-week rising streak and fell to $563.5 billion in the week through December 16, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday.
25 December 2022, 18:00 PM
Stocks wobble though inflation is cooling off
US and European stocks wobbled on Friday despite a key gauge showing inflation to be slowing, as investors remain concerned about recession risks.
25 December 2022, 18:00 PM
German inflation to remain high for two years
Inflation is likely to remain high for another two years as companies pass on higher input costs and in some cases exaggerate them, the head of the council of economists that advises the German government was quoted as saying on Saturday.
25 December 2022, 18:00 PM
Canada’s economy slows
The Canadian economy grew by 0.1 per cent in October and is expected to expand at the same pace in November, data showed on Friday, a sign that the full impact of seven consecutive interest rates hikes this year has yet to play out.
24 December 2022, 18:00 PM
Indonesian airports expect 2.5m travellers
The number of passenger movement at 20 Indonesian airports during the Christmas and New Year holiday this year is expected to reach 2.54 million passengers, PT Angkasa Pura II (AP II) predicts, as the state-owned operator readies its service to accommodate the end-of-year peak season.
24 December 2022, 18:00 PM
Japan firms to stop insuring ships in all Russian waters
Three Japanese insurance companies will stop insuring ships for damage in all Russian waters due to the war in Ukraine, potentially affecting Japan’s energy imports including liquefied natural gas (LNG), the Nikkei newspaper said on Saturday.
24 December 2022, 18:00 PM
S&P lowers Pakistan’s credit rating
Global ratings agency S&P Global on Thursday cut Pakistan’s long-term sovereign credit rating by one notch to “CCC+” from “B” to reflect a continued weakening of the country’s external, fiscal and economic metrics.
24 December 2022, 18:00 PM
Oil price rises by $3 per barrel
Oil prices settled about $3 per barrel higher on Friday for a second straight week of gains after Moscow said it could cut crude output in response to the G7 price cap on Russian exports.
24 December 2022, 18:00 PM
US growth revised up to 3.2pc in Q3
The US economy expanded 3.2 per cent in the third quarter, the Commerce Department said Thursday, in a further upward revision of data reflecting stronger consumer spending and investment than earlier estimated.
24 December 2022, 18:00 PM
Japan inflation hits 41-year high
Prices in Japan rose at their fastest pace since 1981 in November, data showed Friday, fuelled in part by higher energy costs.
24 December 2022, 18:00 PM
UK business still feels Brexit blues
Two years after Britain’s departure from the European Union, bosses of UK businesses are reeling from the cost of Brexit, including some who voted to cut ties with Brussels.
24 December 2022, 18:00 PM
Oil rises on tight US stocks
Oil prices climbed for a fourth straight day and hit their highest in two and a half weeks on Thursday with US crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States.
22 December 2022, 18:00 PM
Taiwan export orders plunge
November export orders from Taiwan saw their sharpest contraction since the height of the financial crisis, in a portend for the health of the global economy.
21 December 2022, 18:00 PM
German consumer morale picks up
German consumers are heading into 2023 feeling slightly less gloomy than in recent months, a key survey found Wednesday, as government interventions take some of the sting out of soaring energy costs.
21 December 2022, 18:00 PM
Australian economy on edge
The post-pandemic slump in Australian housing is set to deepen next year as hundreds of billions of dollars of mortgage debt fixed at record low rates in 2020 and 2021 mature, forcing borrowers to refinance at punishingly high interest rates.
20 December 2022, 18:00 PM
Xiaomi to slash 10pc of jobs
China’s Xiaomi Corp has started laying off workers in its smartphone and internet services business, joining a long list of Chinese tech firms cutting jobs as the country battles Covid-19 outbreaks.
20 December 2022, 18:00 PM