The latest $325 million in proposed funds under the CHIPS and Science Act -- a package of incentives to boost research and US semiconductor production -- goes towards polysilicon manufacturer Hemlock Semiconductor
Trade minister Douglas Alexander said Britain's 2016 vote to leave the EU caused "significant disruption" to its trade policy and the country needed to recalibrate its global trade outlook
The punishing post-Covid wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks.
The growth comes despite global challenges such as inflation and supply chain disruptions, which have impacted other major garment-exporting nations, the report states
The International Monetary Fund and World Bank annual meetings are scheduled to draw more than 10,000 people from finance ministries, central banks and civil society groups to discuss efforts to boost patchy global growth, deal with debt distress and finance the green energy transition
Brent crude futures rose 8 cents, or 0.11 percent, to $73.14 a barrel by 0120 GMT
The cuts come just days after the country posted its slowest quarterly growth in a year and a half, underlining the deep economic woes the country faces.
The issue, and what to do about it when western countries are increasingly loath to send money overseas, is a key topic at the IMF World Bank autumn meetings taking place in Washington, D.C. this week.
German inflation eased in July, the federal statistics office said on Tuesday, confirming preliminary data.
British food price inflation is likely to fall to around 10 percent later this year but will need to drop further for overall consumer price inflation (CPI) to return to its 2 percent target, Bank of England (BoE) Chief Economist Huw Pill said on Monday.
Oil prices fell by more than 1.5 percent on Tuesday after data showed China’s imports and exports fell much more than expected in July in yet another sign of a sluggish post-Covid rebound for the world’s largest oil importer.
India’s fuel consumption slipped to a 10-month low in July, government data showed on Tuesday, as monsoon rains restricted mobility in the world’s third-biggest oil importer and consumer.
Moody’s cut credit ratings of several small to mid-sized US banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’s credit strength will likely be tested by funding risks and weaker profitability.
Indian wheat prices surged to a six-month high on Tuesday due to limited supplies and robust demand ahead of the festival season, dealers said.
Rice planting in India could fall by 5 percent as New Delhi’s decision to ban non-basmati white rice exports will cut farm income and encourage growers to switch to other crops, a leading farmers’ group with close ties to the ruling Bharatiya Janata Party said.
China’s imports and exports fell much faster than expected in July as weaker demand threatens recovery prospects in the world’s second-largest economy, heightening pressure for authorities to release fresh stimulus to steady growth.
Thailand is benefiting from India's rice export ban and has no reason to halt its own shipments as it has sufficient output for exports and domestic consumption, its commerce minister said on Monday.
Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be tested by funding risks and weaker profitability.