2h ago| Global Economy

G7, Australia agree $60 per barrel price cap for Russian oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day.

1d ago| Indian

India economy likely to grow 6.5pc-7pc

The Indian economy is likely to grow 6.5 per cent to 7 per cent next fiscal year if the global environment does not worsen, a member of the prime minister’s economic advisory council said on Thursday, giving a higher estimate than some economists.

1d ago| Europe

Unemployment in Eurozone drops to record low

Unemployment in the eurozone has dropped to a record low, at 6.5 per cent in October, the EU’s Eurostat statistics office said Thursday.

2d ago| Europe

Eurozone inflation falls for first time in 17 months

The eurozone annual inflation rate fell for the first time in 17 months in November as it slowed to 10 per cent, official data showed Wednesday.

2d ago| Indian

India’s second-quarter GDP growth slows to 6.3pc on higher prices

India posted an economic growth of 6.3 per cent in its July-September quarter, far slower than the 13.5 per cent growth reported in the previous three months as distortions caused by Covid-19 lockdowns faded in Asia’s third-largest economy.

3d ago| Global Economy

Qatar, Germany sign 15-year gas deal

Qatar on Tuesday announced its first major deal to send liquefied natural gas to Germany as Europe scrambles to find alternatives to Russian energy sources.

December 3, 2022
December 3, 2022

G7, Australia agree $60 per barrel price cap for Russian oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day.

December 2, 2022
December 2, 2022

EU discussing Russian oil price cap at $60/barrel

Representatives of European Union governments were discussing on Thursday a price cap on Russian seaborne oil at $60 per barrel, with a review every two months, yielding to pressure from some countries to lower the cap, diplomats said.

December 2, 2022
December 2, 2022

Unemployment in Eurozone drops to record low

Unemployment in the eurozone has dropped to a record low, at 6.5 per cent in October, the EU’s Eurostat statistics office said Thursday.

December 2, 2022
December 2, 2022

India economy likely to grow 6.5pc-7pc

The Indian economy is likely to grow 6.5 per cent to 7 per cent next fiscal year if the global environment does not worsen, a member of the prime minister’s economic advisory council said on Thursday, giving a higher estimate than some economists.

December 2, 2022
December 2, 2022

US consumer spending solid in October

US consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start of the fourth quarter as it navigates a high interest rate environment.

December 2, 2022
December 2, 2022

German parliament votes to ratify CETA with Canada

Germany’s Bundestag lower house of parliament voted by a majority on Thursday to back the ratification of the European Union’s free trade agreement with Canada, five years after it provisionally went into force.

December 2, 2022
December 2, 2022

IMF chief sees higher chance of global growth below 2 per cent in 2023

International Monetary Fund Managing Director Kristalina Georgieva said on Thursday the chance of global growth falling below 2 per cent next year was increasing due to continued effects of the war in Ukraine and simultaneous slowdowns in Europe, China and the United States.

December 1, 2022
December 1, 2022

Remittances to lower income countries ease in 2022: WB

Cash transfers to low- and middle-income countries eased this year, with rising prices taking a toll on migrants' incomes, the World Bank said Wednesday.

December 1, 2022
December 1, 2022

India’s second-quarter GDP growth slows to 6.3pc on higher prices

India posted an economic growth of 6.3 per cent in its July-September quarter, far slower than the 13.5 per cent growth reported in the previous three months as distortions caused by Covid-19 lockdowns faded in Asia’s third-largest economy.

December 1, 2022
December 1, 2022

Eurozone inflation falls for first time in 17 months

The eurozone annual inflation rate fell for the first time in 17 months in November as it slowed to 10 per cent, official data showed Wednesday.