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Global Economy
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Global Economy
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Global Economy
India, Russia to discuss energy security
India and other members of the Shanghai Cooperation Organisation (SCO) will discuss energy security at the regional security bloc’s meeting in Uzbekistan, India’s foreign secretary Vinay Kwatra said on Thursday.
15 September 2022, 18:00 PM
India plans no more funding for Sri Lanka
India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters, as the island’s battered economy starts to stabilise after a preliminary loan agreement with the IMF.
15 September 2022, 18:00 PM
WB earmarks $30b to offset food shortages
The World Bank is willing to provide up to $30 billion to combat global food shortages aggravated by Russia’s invasion of Ukraine and has so far disbursed almost $10 billion in financial aid pledged to Kyiv, a senior bank official said on Thursday.
15 September 2022, 18:00 PM
US inflation likely eased in August
US inflation likely slowed in August, largely thanks to falling gasoline prices, but not enough to satisfy policymakers, especially President Joe Biden, as high prices continue to inflict pain on American families and businesses.
14 September 2022, 18:00 PM
France is not falling into recession, Le Maire says
French Finance Minister Bruno Le Maire said on Wednesday that the economy was not facing recession after the government lowered its economic outlook for 2023.
14 September 2022, 18:00 PM
China reaps energy windfall as West shuns Russian supplies
China is buying more and less expensive energy supplies from Russia this year, reaping the benefits of a plunge in European purchases just when Beijing needs it most as the Ukraine crisis pushes Moscow in search of alternative markets.
14 September 2022, 18:00 PM
EU lays out energy crisis plan
The European Commission on Wednesday unveiled a series of proposals to curb the energy price spike that has rocked Europe in the wake of Russia’s invasion of Ukraine, while stressing that the EU’s solidarity with Kyiv would be “unshakeable.”
14 September 2022, 18:00 PM
Japan’s inflation hits 9pc
Japan’s wholesale prices rose 9.0 per cent in August from the previous year, matching the annual pace of growth in July, data showed on Tuesday, signalling that persistently high raw material costs continued to squeeze corporate margins.
13 September 2022, 18:00 PM
Oil prices rise
Oil prices rose on Tuesday as worries about tight fuel supplies ahead of winter offset investor concerns about falling demand in China, the world’s biggest crude importer.
13 September 2022, 18:00 PM
How China became big business for Twitter
Even as China bars 1.4 billion citizens from Twitter, its local authorities are splurging on global advertising on the site, helping make the country the platform’s fastest-growing overseas ad market and one of its largest non-US revenue sources.
13 September 2022, 18:00 PM
India may hike rates by 50 bps as inflation soars
The Reserve Bank of India may raise interest rates by another 50 basis points this month after data showed inflation rose further above the central bank’s tolerance limit in August, analysts said.
13 September 2022, 18:00 PM
Bank of Japan to end Covid relief scheme
The Bank of Japan is expected to end as scheduled a pandemic-relief funding scheme this month and discuss adjustments to a policy guidance that flags the Covid-19 pandemic as the top economic risk, three sources familiar with its thinking say.
12 September 2022, 18:00 PM
Global reinsurers see inflation, war driving higher rates
Global geopolitical tensions, high inflation and climate change have heightened demand for risk protection and will lead to increased premiums, top reinsurers said at the industry’s annual gathering in Monte Carlo.
12 September 2022, 18:00 PM
IMF eyes expanded access to emergency aid for food shocks
The International Monetary Fund is looking for ways to provide emergency funding to countries facing war-induced food price shocks and will discuss measures at an executive board meeting on Monday, sources familiar with the matter told Reuters.
12 September 2022, 18:00 PM
Rising prices stoke fear of UK recession
Britain’s economy grew by less than expected in July, raising the risk that it is already in a recession, with the sharp climb in energy tariffs hurting demand for electricity and a leap in the cost of materials hitting the construction sector.
12 September 2022, 18:00 PM
US faces risk of recession
The United States faces “a risk” of recession as its battle against inflation could slow the nation’s economy, but a serious downturn can still be avoided, Treasury Secretary Janet Yellen said Sunday.
12 September 2022, 18:00 PM
India’s rice export curbs paralyse trade in Asia as prices rise
India’s restrictions on rice exports have paralysed trading in Asia, with buyers scouring for alternative supplies from Vietnam, Thailand and Myanmar where seller are holding off on deals as prices rise, industry officials said.
12 September 2022, 18:00 PM
Hong Kong ranked again as freest economy
The Hong Kong Special Administrative Region government on Thursday welcomed the Fraser Institute’s recognition of the territory as the world’s freest economy.
11 September 2022, 18:00 PM
Argentina’s inflation may reach 95pc this year: economists
Economists hiked their estimate for annual inflation in Argentina this year to 95 per cent, a monthly poll published Friday by the central bank showed, as the country struggles to overcome a prolonged economic crisis marked by soaring prices.
11 September 2022, 18:00 PM
Gas rationing hits French factories
Tanker trucks filled with milk collected from across northern France waited in line to unload their precious cargo at one of the country’s biggest yoghurt factories on a recent morning, but this ritual is at risk as the nation considers how to cut energy use.
11 September 2022, 18:00 PM