1d ago| Europe

Inflation in France hits 31-year high

French inflation accelerated to its highest level since at least 1991 in June, official data showed Thursday, as food and energy costs have surged since Russia’s invasion of Ukraine.

1d ago| Global Economy

Global crop problems point to years of high food prices

Eric Broten had planned to sow about 5,000 acres of corn this year on his farm in North Dakota, but persistent springtime rains limited him to just 3,500 in a state where a quarter or more of the planned corn could remain unsown this year.

1d ago| Europe

Sweden sets sharpest rate hike since 2000

Sweden’s central bank announced Thursday its steepest interest rate hike since 2000 to combat inflation, as monetary policymakers worldwide scramble to tame runaway prices.

3d ago| Global Economy

Putin guarantees fertiliser supply to Brazil

Russian President Vladimir Putin on Monday promised his Brazilian counterpart Jair Bolsonaro that Russia  “is committed” to maintaining its delivery of much-needed fertilisers to the South American agricultural giant.

3d ago| Global Economy

G7 takes aim at China over ‘market-distorting’ practices

G7 leaders on Tuesday condemned China’s  “non-transparent and market-distorting” international trade practices in an end-of-summit statement that hit out directly at Beijing for the first time.

3d ago| Global Economy

US, Taiwan hold first round of trade talks

US and Taiwanese officials held the first round of trade talks on Monday under an initiative announced earlier this month that drew strong criticism from Beijing.

July 1, 2022
July 1, 2022

Sweden sets sharpest rate hike since 2000

Sweden’s central bank announced Thursday its steepest interest rate hike since 2000 to combat inflation, as monetary policymakers worldwide scramble to tame runaway prices.

July 1, 2022
July 1, 2022

Global crop problems point to years of high food prices

Eric Broten had planned to sow about 5,000 acres of corn this year on his farm in North Dakota, but persistent springtime rains limited him to just 3,500 in a state where a quarter or more of the planned corn could remain unsown this year.

July 1, 2022
July 1, 2022

Inflation in France hits 31-year high

French inflation accelerated to its highest level since at least 1991 in June, official data showed Thursday, as food and energy costs have surged since Russia’s invasion of Ukraine.

June 30, 2022
June 30, 2022

Foggy stance of Bangladesh Bank on exchange rate

A key objective of issuing a monetary policy statement on the eve of the new fiscal year is to provide forward guidance to the public about the likely future course of monetary policy. When credible, individuals and businesses use this information in making decisions about spending and investments.

June 30, 2022
June 30, 2022

Indian company paying for Russian coal in China yuan

India’s biggest cement producer, UltraTech Cement, is importing a cargo of Russian coal and paying using Chinese yuan, according to an Indian customs document reviewed by Reuters, a rare payment method that traders say could become more common.

June 30, 2022
June 30, 2022

Sri Lanka economy shrinks 1.6pc in Q1

Sri Lanka’s economy shrank 1.6 per cent in the first quarter of this year as an unprecedented financial crisis began to impact commercial activity, according to official data.

June 30, 2022
June 30, 2022

H&M profits, sales beat forecast

Swedish fashion retailer H&M posted stronger-than-expected sales and profits in the second quarter on Wednesday as shoppers splurged in stores and online.

June 30, 2022
June 30, 2022

US consumer confidence falls

Americans’ feelings about the economy slumped further in June after falling sharply the month before amid concerns over skyrocketing inflation, according to a survey released Tuesday.

June 29, 2022
June 29, 2022

US, Taiwan hold first round of trade talks

US and Taiwanese officials held the first round of trade talks on Monday under an initiative announced earlier this month that drew strong criticism from Beijing.

June 29, 2022
June 29, 2022

G7 takes aim at China over ‘market-distorting’ practices

G7 leaders on Tuesday condemned China’s  “non-transparent and market-distorting” international trade practices in an end-of-summit statement that hit out directly at Beijing for the first time.