Search results for: Global

Turkish lira caps historic week with big lift, as central bank injects $8b into market

-- 2021-12-25 11:12:19

Turkey's lira closed out its strongest week on record on Friday, spiking more than 50 per cent with the support of billions of dollars of state-backed market interventions and a promise that the gover...

Spain’s Nadia Calviño becomes head of IMF advisory committee

FE ONLINE DESK 2021-12-24 22:13:13

Spain’s First Vice President Nadia Calviño has become the chair of the International Monetary Fund’s policy advisory committee. Members of the advisory body, the International Mone...

UN chief says 'Ponzi scheme' crashed Lebanon's finances

-- 2021-12-23 20:41:45

UN Secretary-General Antonio Guterres said Lebanon's financial collapse was caused by "something similar to a Ponzi scheme", according to a video of comments he made while visiting Beirut this week, r...

Turkey’s currency makes significant gains as Erdogan aims to safeguard deposits

-- 2021-12-21 20:35:21

Turkey’s currency made significant gains Tuesday after its President Recep Tayyip Erdogan announced extraordinary measures that aim to safeguard deposits in the lira against volatility seen in r...

Malaysia's labour abuse allegations pose a risk to its export growth model

-- 2021-12-21 12:49:29

Malaysia's government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the country's economy, or face risks to its export-reliant growth model, experts...

WEF’s annual gathering called off due to omicron wave

-- 2021-12-20 18:25:23

The World Economic Forum (WEF) on Monday postponed its annual meeting in Davos due to the spread of the omicron coronavirus variant, putting off the event scheduled for January until mid-2022. A mont...

Tesla faces investor lawsuit over Musk tweets

-- 2021-12-18 10:25:46

Tesla was hit by a lawsuit over CEO Elon Musk's social media posts including his Twitter poll on stock sales that pulled down its stock prices. Tesla investor David Wagner called for a...

World Bank fund for poorest nations gets a $93b injection of cash

FE ONLINE REPORT 2021-12-16 22:45:19

The World Bank has announced a $93 billion replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build a greener, mor...

'Over 375m people in Asia-Pacific region faced hunger in 2020'

-- 2021-12-15 22:01:06

The state of food security and nutrition in Asia and the Pacific has worsened, as more than 375 million people in the Asia-Pacific region faced hunger in 2020, an increase of 54 million over the previ...

US passes measure clamping down on products from China's Xinjiang

-- 2021-12-15 10:34:10

The US House of Representatives passed legislation on Tuesday to ban imports from China's Xinjiang region over concerns about forced labour, part of Washington's continued pushback against Beijing's t...

Apple nears $3 trillion market value

-- 2021-12-14 10:55:24

Apple market value hovered just shy of the $3 trillion mark on Monday, following a stunning run over the past decade that has turned it into the world's most valuable company. The company’...

Afghan currency plunges to record low against dollar

-- 2021-12-13 20:38:02

Afghanistan's national currency, the afghani, has dropped further recently amid economic woes, causing grave concern among the Afghan people. The afghani was traded at 112.60 for one US dollar on Mon...

China's artificial intelligence firm SenseTime postpones $767m Hong Kong IPO after US ban

-- 2021-12-13 13:17:19

Chinese artificial intelligence start-up SenseTime Group postponed its $767 million Hong Kong initial public offering (IPO) on Monday after being placed on a US investment blacklist. SenseTime said i...

Elon Musk sells Tesla shares worth $963.2 million

-- 2021-12-10 20:29:53

Tesla Inc Chief Executive Officer Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $963.2 million, US securities filings showed on Thursday. He also exercised stock optio...

Chinese social media giant Weibo's shares fall in Hong Kong stock market debut

-- 2021-12-08 12:39:13

Social media giant Weibo has made its Hong Kong stock market debut as Chinese technology firms come under intense pressure at home and abroad. Weibo's shares fell by more than 6 per cent...

UAE announces move to Saturday-Sunday weekend

-- 2021-12-07 15:31:20

The United Arab Emirates said on Tuesday it would transition to a four and half-day working week starting next year, with the full weekend falling on Saturday and Sunday in a move aimed at better alig...

Canadian employers face labour shortage

-- 2021-12-06 19:24:40

Canada's tight labour market is forcing many companies to offer regular Covid-19 testing over vaccine mandates, while others are reversing previously announced inoculation requirements even as omicron...

Sri Lankan tea exports to earn 1.3b in 2021

-- 2021-12-06 17:13:45

Sri Lanka's tea exports will earn 1.3 billion US dollars in 2021, state media citing a top government regulator reported on Monday. The tea exports had surpassed $1.2 billion by the end of November a...

IMF may lower growth projections as Omicron spreads rapidly

-- 2021-12-04 18:10:03

The International Monetary Fund is likely to lower its global economic growth estimates due to the new omicron variant of the coronavirus, the global lender's chief said on Friday in another sign of t...

Beijing to ease travel rules for US business execs

-- 2021-12-03 10:35:40

China will cut to no more than 10 days the time required for approval of travel by US business executives, its ambassador to the United States said on Thursday, promising to turn "an attentive ear" to...

Dhaka-centric development, population overload cause 6.0pc GDP loss

MUNIMA SULTANA 2021-12-03 08:33:12

Highly Dhaka city-concentrated development and population share cast adverse impact on Bangladesh's gross domestic product (GDP), reducing its growth by 6.0 per cent or more, according to findings rev...

More growth capital needed for MSMEs in South Asia, says ADB

-- 2021-12-02 19:00:02

Micro, small, and medium-sized enterprises (MSMEs) in South Asia need more growth capital to boost the sub-region’s resilience to shocks in the wake of the COVID-19 pandemic, according to a repo...

Urban poverty on course to triple in Myanmar due to pandemic, military coup

-- 2021-12-01 19:49:06

Urban poverty is on course to triple in Myanmar, pushing nearly half the population below the poverty line next year, the United Nations said on Wednesday, as the twin impact of the pandemic and a mil...

Asian factories shake off supply headaches but Omicron poses new risks

-- 2021-12-01 11:03:09

Asian factory activity grew in November as crippling supply bottlenecks eased, but rising input costs and renewed weakness in China dampened the region's prospects for an early, sustained recovery fro...

Calm returns to Asian currency markets, but analysts warn more volatility ahead

-- 2021-11-29 18:08:06

Currency markets calmed on Monday in Asia after the initial shock of the discovery of the Omicron coronavirus variant sent investors scurrying for cover last week, but analysts warned of more volatili...

13th ASEM summit kicks off

-- 2021-11-25 20:01:59

The 13th Asia-Europe Meeting (ASEM) Summit has started under the chairmanship of Cambodia, with a main focus on multilateralism and post-Covid-19 recovery. The meeting, under the slogan ‘Stre...

Japan PM confirms oil reserve release in response to US request

-- 2021-11-24 13:57:36

Japan's Prime Minister Fumio Kishida said on Wednesday his government would release oil reserves in response to a US request in a way that does not breach a Japanese law that only allows stock release...

Foreign tourists back in New York

-- 2021-11-21 17:48:10

New York has launched its largest tourism advertising campaign in history. John F Kennedy International Airport bustles again with foreign passengers. The holiday season promises peak travel cheer, wi...

Philippines set to reopen to vaccinated foreign tourists

-- 2021-11-19 16:35:49

The Philippines will soon allow the entry of fully-vaccinated foreign tourists from China and over 40 other "green" or Covid-19 low-risk countries and regions, Cabinet Secretary Karlo Nograles has sai...

Japan set to unveil record stimulus package

-- 2021-11-19 13:19:36

Japan is set to announce a record $490 billion spending package on Friday to cushion the economic blow from the Covid-19 pandemic, bucking a global trend towards withdrawing crisis-mode stimulus measu...