Search results for: global

Global FDI plunges by 35 pc due to pandemic

ASJADUL KIBRIA 2021-06-21 11:00:11

Covid-19 has taken a heavy toll on the global foreign direct investment (FDI) flows which dropped by 35 per cent in the last year. As a result, global FDI came down to below US$ 1.0 trillion level aft...

UNCTAD to release global FDI report today

FE Online Report 2021-06-21 08:36:50

The United Nations Conference on Trade and Development (UNCTAD) will release its annual report on global foreign direct investment (FDI) on Monday (June 21). UNCTAD’s World Investment Report (W...

European Union inflation rises to 2.3pc in May

-- 2021-06-18 11:42:19

Annual inflation in the European Union (EU) continued to rise in May, reaching 2.3 per cent, up from 2.0 per cent in April, according to final data issued by the EU's statistical office, Eurostat, on...

Singapore's non-oil domestic exports grow 8.8pc in May

-- 2021-06-17 12:23:31

Singapore's non-oil domestic exports (NODX) grew by 8.8 per cent year on year in May, compared to the 6.0 per cent rise in April, according to Enterprise Singapore, a government agency, on Thursday....

US budget deficit tops $2tr in first eight months of FY21

-- 2021-06-11 13:01:16

The U.S. budget deficit soared to 2.1 trillion US dollars during the first eight months of the fiscal year 2021, which ends on Sept. 30, the U.S. Treasury Department has reported. Federal revenue for...

US Senate passes sweeping bill to counter and compete with China

-- 2021-06-09 11:22:43

The US Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology. The desire for a hard line in deali...

India likely to raise vaccine spending to $6 billion this fiscal year

Reuters 2021-06-08 13:33:59

India may raise spending on Covid-19 shots by over a quarter this fiscal year to up to 450 billion rupees ($6.18 billion) from its budgeted amount, two government sources told Reuters after the prime...

Food prices rise at rapid rate in more than a decade, FAO says

-- 2021-06-04 20:32:03

World food prices rose in May at their fastest monthly rate in more than a decade, posting a 12th consecutive monthly increase to hit their highest level since September 2011, the United Nations food...

Thai parliament passes $99.7b budget bill at first reading

-- 2021-06-03 11:20:54

Thailand's House of Representatives on Wednesday approved in principle a 3.1 trillion baht (about 99.7 billion US dollars) budget bill for the 2022 fiscal year. Following a three-day debate, governme...

Vietnam's garment export rises 15pc in five months

-- 2021-06-03 11:09:03

Vietnam raked in over 12.2 billion US dollars from exporting textile and garment between January and May, up 15 per cent against the same period last year, according to the country's General Statistic...

220m people expected to remain unemployed globally this year, ILO says

-- 2021-06-02 18:23:30

At least 220 million people are expected to remain unemployed globally this year, well above pre-pandemic levels, with a weak labour market recovery exacerbating existing inequalities, the Internation...

Eurozone inflation rate rises to 2pc in May

-- 2021-06-02 14:52:29

The Eurozone inflation rate continued to rise in May as the Harmonised Index of Consumer Prices (HICP) reads at two per cent year on year, according to preliminary estimates from Eurostat on Tuesday....

Sri Lanka's headline inflation increases to 4.5pc in May

-- 2021-06-01 16:06:30

Sri Lanka's year-on-year headline inflation, as measured by the Colombo Consumer Price Index (CCPI), rose to 4.5 per cent in the month of May, local media reported here Tuesday. Data from the Central...

Vietnam posts trade deficit in five months

-- 2021-05-31 11:11:10

Vietnam posted an estimated two-way trade value of 262.25 billion US dollars in the first five months of this year, up 33.5 per cent year on year, with a trade deficit of $369 million, according to th...

Strong recovery of global trade in goods is there, says WTO

FE Online Desk 2021-05-29 11:33:04

After a steep but brief pandemic-induced decline in the second quarter of last year, global trade in goods is continuing to recover in the current year. The latest World Trade Organization (WTO) Goo...

Chinese companies focus on ASEAN countries for business growth: Report

FE REPORT 2021-05-28 13:51:27

Majority of Chinese companies are focusing on ASEAN (Association of Southeast Asian Nations) region countries for their business growth over the next 12 months. This was revealed by the Standard Char...

Pandemic toll on Indian economy deepens

Reuters 2021-05-28 11:57:58

India’s economic outlook has weakened again, albeit slightly, with worst-case scenario forecasts suggesting the toll from the coronavirus pandemic could be much deeper, stoking fears the job cri...

Countries eager to reopen borders for tourism

-- 2021-05-26 15:14:43

Countries reliant on tourism are racing to reopen borders and revive economies decimated by the pandemic. The World Travel & Tourism Council (WTTC) estimates that the sector lost nearly $4.5 tril...

Global climate schemes putting a price on carbon emissions: WB Report

REUTERS 2021-05-25 20:55:22

A World Bank report on Tuesday showed more than a fifth of the world's greenhouse gas emissions are now covered by a price on carbon dioxide (CO2) emissions to help meet climate goals. A carbon cost...

India plans stimulus package to support economic growth

Reuters 2021-05-25 14:18:52

India is preparing an economic stimulus package for the sectors worst affected by COVID-19, Bloomberg reported on Tuesday, citing people familiar with the matter. The finance ministry is working on p...

An open China a boon to global economy

-- 2021-05-19 17:41:33

Some 1,300 global brands including Swatch of Switzerland, Swarovski of Austria, Shiseido of Japan, and America's Dell and Tesla gathered at the first China International Consumer Products Expo in Ha...

British inflation rate more than doubles to 1.5pc in April

-- 2021-05-19 15:58:37

British consumer price inflation more than doubled in April at the start of what the Bank of England hopes will be a temporary surge as the economy recovers from last year's COVID slump. Consumer pri...

Japan's economy shrinks 4.6pc in FY 2020

-- 2021-05-18 11:28:53

Japan's gross domestic product (GDP) in the fiscal year 2020 shrank 4.6 per cent in real terms, down for the second straight year, government statistics revealed Tuesday. The figure logged the larges...

World Economic Forum cancels 2021’s annual conference

REUTERS 2021-05-17 22:30:47

The World Economic Forum (WEF) has cancelled its annual meeting - the blue riband event for the global elite to discuss the world's problems - due to be held in Singapore later this year, the organise...

Thailand's GDP contracts 2.6pc in first quarter

-- 2021-05-17 14:50:15

Thailand's economic growth contracted 2.6 per cent from a year earlier in the first quarter of 2021 as continued coronavirus outbreaks dent consumption and the tourism sector, official data showed Mon...

Myanmar's crumbling economy runs low on cash

REUTERS 2021-05-14 18:00:41

If you need cash in Myanmar, you have to get up early. Queues start forming outside banks at 4 am, where the first 15 or 30 customers are given a plastic token that will allow them to enter the bank w...

European Union economy projected to grow by 4.2pc in 2021

-- 2021-05-12 16:03:05

The economy of the 27-member European Union (EU) will grow by 4.2 per cent in 2021 and 4.4 per cent in 2022, higher than the previous estimate, the European Commission said Wednesday in its Spring For...

China posts rapid trade growth in April

Reuters 2021-05-07 12:08:45

China extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high, in a boost to the world's second-largest economy. A brisk US...

Indonesia economy shrinks 0.74pc in first quarter

-- 2021-05-05 14:15:45

Indonesia’s economy shrank for the fourth straight quarter in January-March but at a much more modest pace, statistics bureau data showed on Wednesday. Southeast Asia’s largest economy co...

One in two people globally lost income due to Covid-19: Survey

Reuters 2021-05-03 11:55:12

One in two people worldwide saw their earnings drop due to the coronavirus, with people in low-income countries particularly hard hit by job losses or cuts to their working hours, research showed on M...