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The Financial Express

Search results for: global

China overtakes US as world's richest nation

China overtakes US as world's richest nation

-- 2021-11-16 18:04:24

China has surpassed the United States to become the richest nation in the world as global wealth tripled over the past two decades, according to global media reports. McKinsey & Co., a management...

Saudi Arabia's race to attract foreign investment dogged by scepticism

Saudi Arabia's race to attract foreign investment dogged by scepticism

-- 2021-11-16 11:07:51

Saudi Arabia could have a credibility problem if it keeps shifting the goal posts for the amount of foreign investment it wants to turn its vision of a future beyond oil into a reality, financial sour...

Indonesia’s GDP growth slows down to 3.51pc in Q3

Indonesia’s GDP growth slows down to 3.51pc in Q3

-- 2021-11-05 18:12:46

Indonesia's economic growth in the third quarter of this year slowed down to 3.51 per cent year-on-year (yoy), as the country tightened its public mobility restrictions, locally known as PPKM, amid th...

US jobless claims drop to 269,000

US jobless claims drop to 269,000

-- 2021-11-04 21:26:05

The number of Americans applying for unemployment benefits fell to a fresh pandemic low last week, another sign the job market is healing after last year’s coronavirus recession. Jobless clai...

LDCs cut ‘high expectation’ in MC12 on post-graduation

LDCs cut ‘high expectation’ in MC12 on post-graduation

FE ONLINE REPORT 2021-11-02 16:38:19

The Least Developed Countries (LDCs) have cut their ‘high expectation’ in the upcoming ministerial conference of the World Trade Organization (WTO) regarding the continuation of trade pref...

China tells families to keep stocks of daily necessities ahead of winter

China tells families to keep stocks of daily necessities ahead of winter

-- 2021-11-02 14:03:33

The Chinese government has told families to keep daily necessities in stock in case of emergencies, after Covid-19 outbreaks and unusually heavy rains that caused a surge in vegetable prices raised co...

Thailand reopens to vaccinated tourists to boost economy

Thailand reopens to vaccinated tourists to boost economy

-- 2021-11-01 19:30:14

Thailand has reopened to vaccinated visitors from more than 60 countries and regions amid efforts to revive its pandemic-battered economy. From Monday, fully-vaccinated travellers flying from 63 coun...

G20 wants to vaccinate 40pc people in all countries by 2021

G20 wants to vaccinate 40pc people in all countries by 2021

-- 2021-10-29 22:58:25

Finance and health ministers from the world's 20 biggest economies (G20) said on Friday they would take steps to ensure 70 per cent of the world's population is vaccinated against COVID-19 by mid-2022...

Business leaders look to UN for deal toward carbon pricing

Business leaders look to UN for deal toward carbon pricing

-- 2021-10-26 18:48:42

World business leaders want the upcoming United Nations climate summit to resolve issues that have so far hindered the use of carbon pricing to cut worldwide emissions, looking to boost the role that...

Paytm gets regulatory nod for India's biggest ever IPO

Paytm gets regulatory nod for India's biggest ever IPO

-- 2021-10-23 13:51:06

Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India's biggest ever IPO, a source familiar with the m...

US, EU, other allies urge China to liberalise further

US, EU, other allies urge China to liberalise further

-- 2021-10-21 10:02:06

The United States said on Wednesday that China’s industrial policies "skew the playing field" against imported goods and services, as well as their foreign providers, and that Washington would p...

Overseas football tourism a massive boost for UK economy

Overseas football tourism a massive boost for UK economy

-- 2021-10-20 23:02:53

Overseas football tourism has proved to be a huge winner for the British economy, a new report published by Britain's national tourism agency VisitBritain revealed on Wednesday. According to research...

Thousands of unvaccinated workers across US at risk of losing jobs

Thousands of unvaccinated workers across US at risk of losing jobs

-- 2021-10-20 16:14:58

Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation against...

IMF cuts economic growth forecast for Asia

IMF cuts economic growth forecast for Asia

-- 2021-10-20 10:16:36

The International Monetary Fund on Tuesday slashed this year's economic growth forecast for Asia and warned that a fresh wave of Covid-19 infections, supply chain disruptions and inflation pressures p...

EU re-thinks budget rules for post-pandemic era

EU re-thinks budget rules for post-pandemic era

-- 2021-10-18 14:05:12

So often the source of rows between its members, the European Union starts reviewing its rules for national budgets on Tuesday to fit a post-pandemic reality of higher public debt and the huge costs o...

China's GDP growth hits one-year low

China's GDP growth hits one-year low

-- 2021-10-18 11:47:16

China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policy...

Global economy feels pinch of cost surge

Global economy feels pinch of cost surge

-- 2021-10-14 20:17:03

From beef bowls in Tokyo to fried chicken in London, consumers are beginning to feel the pinch from the surge in costs washing over the global economy. The rebound in economic activity as coronavirus...

Energy crisis could lead to slowdown in global economic recovery, says IEA

Energy crisis could lead to slowdown in global economic recovery, says IEA

-- 2021-10-14 15:20:16

A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world's recovery from the COVID-19 pandemic, the International Ene...

JPMorgan edges closer to leaving pandemic behind

JPMorgan edges closer to leaving pandemic behind

-- 2021-10-14 10:10:24

JPMorgan Chase & Co beat analysts’ profit estimates on Wednesday, thanks to record revenue in some investment banking businesses and a sunnier economic outlook that allowed the largest US ba...

'Great financing divide' between rich, poor nations slows recovery: IMF

'Great financing divide' between rich, poor nations slows recovery: IMF

-- 2021-10-13 17:15:31

Economic growth in poorer countries will likely lag pre-pandemic expectations for years, given gaps in vaccination rates, revenue growth and the ability to borrow, the International Monetary Fund said...

ADB boosts climate financing goal to $100 billion for 2019-2030 period

ADB boosts climate financing goal to $100 billion for 2019-2030 period

-- 2021-10-13 17:13:01

The Asian Development Bank will boost its climate financing goals by $20 billion to a new target of $100 billion for the 2019-2030 period. The lender also aims to launch its concept for retiring coal...

‘World economy needs to be overhauled to withstand future challenges'

‘World economy needs to be overhauled to withstand future challenges'

-- 2021-10-13 15:50:33

The governance of the world economy needs to be overhauled to ensure it can withstand future health and economic shocks, as well as challenges posed by climate change and the rise of China, advisors t...

Energy crunch stokes inflation, economic recovery concerns

Energy crunch stokes inflation, economic recovery concerns

-- 2021-10-12 20:02:07

Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation and...

Japan wholesale inflation hits 13-year high

Japan wholesale inflation hits 13-year high

-- 2021-10-12 11:18:38

Japan's wholesale inflation hit a 13-year high in September as rising global commodity prices and a weak yen pushed up import costs, putting pressure on corporate margins and raising the risk of unwan...

Economics Nobel honours 'natural experiments', from minimum wage to migration

Economics Nobel honours 'natural experiments', from minimum wage to migration

-- 2021-10-11 22:06:55

Economists David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel economics prize on Monday for pioneering natural experiments to show real-world economic impacts in areas from minimum wage in...

Three economists win Nobel economics prize

Three economists win Nobel economics prize

-- 2021-10-11 16:22:02

Three economists— David Card, Joshua Angrist, and Guido Imbens — won the 2021 Nobel economics prize, the Royal Swedish Academy of Sciences said on Monday. The prize, formally known as the...

Casino firm shares slump on money laundering claim

Casino firm shares slump on money laundering claim

-- 2021-10-11 11:43:36

Shares in Australian gambling giant Star Entertainment have slumped after allegations that it enabled illegal activity at its casinos for years. A joint report by three news outlets implicate...

IMF approves fourth tranche of debt relief to 24 low-income countries

IMF approves fourth tranche of debt relief to 24 low-income countries

-- 2021-10-09 18:58:35

The International Monetary Fund has approved a $124 million extension of IMF debt relief to 24 low-income countries through January 10, 2022. The approval of the fourth tranche of debt relief from th...

Deal reached on global minimum corporate tax

Deal reached on global minimum corporate tax

-- 2021-10-08 22:55:14

A global deal to ensure big companies pay a minimum tax rate of 15 per cent and make it harder for them to avoid taxation has been agreed by 136 nations, the Organisation for Economic Cooperation and...

Data probe violated World Bank staff rules, IMF chief’s lawyer claims

Data probe violated World Bank staff rules, IMF chief’s lawyer claims

-- 2021-10-08 19:23:37

The lawyers, who investigated World Bank data-rigging allegations against IMF Managing Director Kristalina Georgieva, violated World Bank staff rules by failing to notify her that she was a subject of...