Search results for: global

China sees surprising boost in exports

-- 2021-09-08 11:33:32

China's exports unexpectedly grew at a faster pace in August thanks to solid global demand, helping take some of the pressure off the world's second-biggest economy as it navigates its way through hea...

UAE announces plans to attract $150b FDI, foreign workers

-- 2021-09-06 09:06:23

The United Arab Emirates plans to launch 50 new economic initiatives to boost the country's competitiveness and attract 550 billion dirhams ($150 billion) in foreign direct investment in the next nine...

Rats, drought, labour shortages during pandemic eat into edible oil recovery

-- 2021-09-05 10:56:34

In a sprawling oil palm plantation in the Malaysian state of Perak, watermelon seedlings are sprouting from freshly ploughed earth between palm saplings while rented cows graze in overgrown areas of t...

Tech stocks power Nasdaq to record high

-- 2021-09-02 10:12:18

The Nasdaq closed Wednesday at a record high, and the S&P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which s...

Taliban wrestle with Afghan economy

REUTERS 2021-09-02 10:07:35

Afghanistan's new Taliban rulers struggled to keep the country functioning on Wednesday after the final withdrawal of US forces, with foreign donors alarmed about an impending humanitarian crisis, Reu...

Over 4.0b people still lack any social protection, ILO report finds

FE ONLINE DESK 2021-09-01 18:28:49

Despite the unprecedented expansion of social protection during the COVID-19 crisis, more than 4.0 billion people around the world remain entirely unprotected, a new International Labour Organization...

Surging Covid-19 cases dampen US consumer confidence

-- 2021-09-01 11:12:42

US consumer confidence fell to a six-month low in August as worries about soaring Covid-19 infections and higher inflation dimmed the outlook for the economy. The survey from the Conference Board on...

Indian growth jumps in April-June

-- 2021-09-01 09:56:19

India's economy rebounded in the April-June quarter even while a devastating second wave of Covid-19 swept the country, with growth of over 20 per cent compared to a year earlier driven by a surge in...

SL declares economic emergency to contain food prices amid forex crisis

-- 2021-09-01 09:10:10

Sri Lanka has declared an economic emergency empowering the authorities to seize stocks of staple foods and set their prices, to contain soaring inflation after a steep devaluation of its currency due...

Indian economy grows by 20.1pc, raising hopes of recovery

-- 2021-08-31 20:32:53

India's economy grew by 20.1 per cent in the April-June quarter from the same period a year earlier, when it suffered a record contraction, the government announced Tuesday, raising hopes of an econom...

China's economy under pressure as factory activity slows in Aug

-- 2021-08-31 15:54:52

China's businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likeli...

Israel will loan Palestinians money after highest-level talks in years

-- 2021-08-31 10:38:01

Israel will lend the cash-strapped Palestinian Authority more than $150 million after the sides held their highest-level meeting in years, Israeli officials said on Monday, while playing down prospect...

Dollar steadies near two-week lows

-- 2021-08-30 20:54:10

The dollar steadied near two-week lows on Monday, held back by the message from the U.S. Federal Reserve chief that there is no hurry to dial back massive stimulus. The allure of the greenback took a...

Asian shares rise on dovish US Fed chair, oil up

-- 2021-08-30 10:34:55

Asian shares perked up and the dollar fell to two-week lows on Monday after US Federal Reserve Chairman Jerome Powell struck a dovish tone at the central bank's long-awaited symposium, although invest...

India attracts $22.5b in FDI in April-June 2021

-- 2021-08-29 10:26:19

India attracted foreign direct investment (FDI) inflows of $22.53 billion during the first three months of the fiscal year starting on April 1, about 90 per cent higher than the April-June period last...

Google Play app store revenue reached $11.2b in 2019

-- 2021-08-29 10:10:55

Alphabet Google generated $11.2 billion in revenue from its mobile app store in 2019, according to a court filing unsealed on Saturday, offering a clear view into the service's financial results for t...

China mulls move to ban overseas IPOs for tech firms

-- 2021-08-28 15:53:01

China has launched a multi-pronged attack on its tech companies, threatening to curb their ability to list in the United States, seeking to tighten up regulation of their use of algorithms and sidelin...

South Korea becomes first major Asian economy to raise interest rates in pandemic-era

-- 2021-08-26 14:45:59

South Korea has become the first major Asian economy to raise interest rates since the coronavirus pandemic began. The Bank of Korea increased its base rate of interest from a record low of 0...

Singapore factory output growth eases to 16.3pc in July

-- 2021-08-26 13:52:29

Singapore's manufacturing output grew 16.3 per cent year on year in July, compared to the revised 28 per cent increase in the previous month, the Singapore Economic Development Board has said. Exclud...

Grameen America: Microfinancing Having a Macroeconomic Impact - An Interview with Andrea Jung  

-- 2021-08-25 18:55:00

Andrea Jung is the President and CEO of Grameen America. She is the former Chairman and CEO of Avon Products, Inc., where she served as CEO from 1999 to 2012, and as Chairman from 2001 through 2012....

World Bank suspends financial support to Afghanistan after Taliban takeover

-- 2021-08-25 12:43:21

The World Bank has halted funding for projects in Afghanistan after the Taliban seized control of the country. It cited concerns over how the Taliban's takeover will impact "the country's develop...

Asia's economic recovery uncertain

-- 2021-08-24 17:21:20

Asia's robust economic recovery from last year's coronavirus low is losing momentum as a surge in COVID-19 cases sees shops empty again and factories close, dimming prospects for corporate profit grow...

Pandemic threatens to derail Asia-Pacific's progress on global development goals, ADB says

-- 2021-08-24 10:07:26

The coronavirus pandemic may have pushed as many as 80 million people in developing Asia into extreme poverty last year, threatening to derail progress on global goals to tackle poverty and hunger by...

$650b reserves distribution is 'shot in arm' for global economy, says IMF

-- 2021-08-23 20:43:58

The IMF will distribute about $650 billion in new Special Drawing Rights to its members on Monday, providing a "significant shot in the arm" for global efforts to combat the COVID-19 pandemic, Managin...

Taliban takeover pushes Afghanistan's economy closer to the brink

-- 2021-08-21 18:41:47

The Taliban sweeping to power in Afghanistan has thrust one of the world's poorest countries back into the limelight. The following charts depict Afghanistan's current economic situation: GLUM GROWT...

Global merchandise trade recovering strongly, says WTO

FE Online Report 2021-08-19 15:46:00

Global merchandise trade continues its robust recovery from the shock of the Covid-19 pandemic, according to the latest reading of the World Trade Organization (WTO)’s Goods Trade Barometer. &l...

IFC pledges $3.8b to offset pandemic effects in South Asia, drive recovery

FE Online Report 2021-08-17 12:55:01

The International Finance Corporation has renewed focus on sustained investments in South Asia in a bid to protect the most vulnerable people and help companies maintain operations and jobs, says the...

India will soon unveil $1.35tn infrastructure plan: Modi

REUTERS 2021-08-16 11:05:59

India will launch a 100 trillion rupee ($1.35 trillion) national infrastructure plan that will help generate jobs and expand use of cleaner fuels to achieve the country's climate goals, Prime Minister...

Taliban's gains give investors cause for concern

-- 2021-08-15 10:36:51

The Taliban's rapid advance towards Kabul is not only causing concern about Afghanistan's future but also about the impact on other countries in the region and their economies. Iran and then Iraq lie...

Shares in South Korea's Krafton, maker of 'PUBG', tumbles on trading debut

-- 2021-08-10 10:51:28

Shares in Krafton Inc, the Tencent Holdings-backed South Korean company behind blockbuster video game "PlayerUnknown's Battlegrounds" (PUBG), fell as much as 20 per cent from their IPO price on their...