4d ago| Global Economy

Opec+ agrees to keep output levels unchanged

Major oil-producing countries led by Saudi Arabia and Russia agreed Sunday to maintain their current output levels in a climate of uncertainty and ahead of fresh sanctions against Moscow coming into force next week.

5d ago| Global Economy

Energy crisis driving climate-friendly power savings: IEA

Russia’s invasion of Ukraine has driven countries across the world to boost energy efficiency, creating  “huge potential” to tackle high prices, security and climate change, the IEA said on Friday.

1w 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.

2w ago| Global Economy

New German law to boost compliance in supply chain

A new German due diligence law will come into effect from January next year, aiming to bind companies to ensure better human and labour rights in factories and supply chains, said an official of a German development agency.

2w ago| Global Economy

UK needs more migrant labour

Britain needs more migrant labour to boost productivity as it faces a toxic mix of soaring inflation and shrinking growth, the country’s main lobby group warned Monday.

2w ago| Global Economy

LDC graduation won’t affect trade too much

Bangladesh’s exports will not be as affected as feared following the United Nations country status graduation from a least developed to a developing nation in 2026, said Senior Commerce Secretary Tapan Kanti Ghosh yesterday. 

December 5, 2022
December 5, 2022

Opec+ agrees to keep output levels unchanged

Major oil-producing countries led by Saudi Arabia and Russia agreed Sunday to maintain their current output levels in a climate of uncertainty and ahead of fresh sanctions against Moscow coming into force next week.

December 4, 2022
December 4, 2022

Energy crisis driving climate-friendly power savings: IEA

Russia’s invasion of Ukraine has driven countries across the world to boost energy efficiency, creating  “huge potential” to tackle high prices, security and climate change, the IEA said on Friday.

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

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 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.

November 30, 2022
November 30, 2022

German inflation slows to 10pc

The inflation rate in Europe’s top economy dropped to 10 per cent for November, preliminary data from Germany’s federal statistics agency Destatis showed. This comes after hitting a record high in October.

November 29, 2022
November 29, 2022

We haven’t reached inflation peak: ECB

Euro zone inflation has not peaked, and the risk is that it will turn out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday.

November 27, 2022
November 27, 2022

Cost-of-living crisis casts shadow over Europe’s Black Friday

Europe’s retailers are hoping Black Friday discount day will get shoppers spending, though it is taking place against a backdrop of a worsening cost-of-living crisis and the distraction of the soccer World Cup.

November 27, 2022
November 27, 2022

BMW to invest $2.1 billion at Hungary unit

German automaker BMW said Friday it plans to invest more than two billion euros ($2.1 billion) at its under-construction Hungarian factory and is building an electric battery assembly plant on site.

November 27, 2022
November 27, 2022

Investors left scratching heads as ECB bosses spar on outlook

The European Central Bank’s top economic thinkers are sparring over the outlook for inflation and rates, leaving investors scratching their heads over the ECB’s next policy moves.