Search results for: Global

Indian industry body urges curbs to economic activity to save lives

Reuters 2021-05-03 10:56:57

A leading Indian industry body urged authorities to take the “strongest national steps” and to curtail economic activity to save lives on Sunday as the country battles surging coronavirus...

India April trade deficit at $15.24 billion

REUTERS 2021-05-02 15:12:16

India’s trade deficit in goods was $15.24 billion in April, preliminary data released by the government on Sunday showed. Merchandise exports rose to $30.21 billion for the month from $10.17 bi...

China's digital yuan expands from consumer payments to business scenarios

Global Times 2021-04-27 15:36:00

The application of China's Digital Currency Electronic Payment (DC/EP), also known as digital yuan, which has already been on a fast development track since last year, is taking another critical step...

Global economy to stage vigorous recovery

REUTERS 2021-04-23 10:50:58

The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major economies, according to Reuters polls of over 500 econ...

India's 'Solar Man' lights path out of poverty with clean power

REUTERS 2021-04-16 20:29:01

Since he was a child, Santipada Gon Chaudhuri had sought ways to help India's rural poor, so when the electrical engineer was invited to visit a co-worker's home in the Himalayan village of Herma in t...

China’s economy grows at record pace in first quarter

Reuters 2021-04-16 14:43:40

China’s economic recovery quickened sharply in the first quarter from last year’s deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support f...

India to spend $200m in next 5-7 years to promote hydrogen use

Reuters 2021-04-16 10:02:13

India will spend $200 million over the next five to seven years to promote the use of hydrogen, Indu Shekhar Chaturvedi, the top bureaucrat at India's Ministry of New and Renewable Energy, said at a v...

Pace of US recovery accelerates

-- 2021-04-15 10:19:31

The US economy picked up speed going into the spring on the back of growing confidence among consumers, the Federal Reserve said on Wednesday, and Fed Chair Jerome Powell said it is on track for stron...

UN finds hundreds of millions of women living lives ‘governed by others’

FE ONLINE DESK 2021-04-14 19:58:32

Nearly half of all women are denied their bodily autonomy, according to data from 57 countries, UNFPA’s flagship report announced on Wednesday. The 2021 State of World Population report, titled...

EU to borrow around 150 billion euros every year for recovery fund

REUTERS 2021-04-14 17:23:13

The European Commission plans to borrow around 150 billion euros annually until 2026 to finance the bloc’s unprecedented plan to make its economy greener and more digitalised, making it the bigg...

EU regulators set July 27 deadline for decision on Aon, Willis deal

Reuters 2021-04-14 14:41:23

European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on We...

Insurance broker Aon's EU concessions for $30b Willis bid may not be enough

Reuters 2021-04-14 08:41:53

Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people fam...

Asian markets cautious ahead of US earnings and inflation data

Reuters 2021-04-13 08:18:56

Asia share markets were cautious on Tuesday after US markets weakened as investors anticipated the start of corporate earnings seasons and the release of key inflation data to indicate how the global...

US economy at an 'inflection point': Powell

-- 2021-04-12 11:43:47

The US economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but also risks if a hasty reopening leads to a continued increas...

Microsoft in talks to buy AI firm Nuance Communications for 16b

Reuters 2021-04-12 09:15:10

Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, according to a source familiar with the matter. The pr...

Investors keep faith in US value stocks as tech roars back

-- 2021-04-10 12:08:25

A rebound in growth and technology stocks has investors gauging whether a months-long rally in the shares of banks, energy companies and other economically sensitive names is running on empty or simpl...

S&P 500, Dow hit records

Reuters 2021-04-10 08:59:16

The S&P 500 and the Dow rose on Friday to close at record highs, posting a third straight weekly rise partly on a lift from growth stocks, with a late-day rally building gains ahead of quarterly e...

IMF, WB to unveil 'green debt swaps' option by November

-- 2021-04-09 14:18:57

Green debt swaps have the potential to spur accelerated action on climate change in developing countries, the head of the International Monetary Fund said on Thursday, pledging to present an option fo...

A taxing question for multinationals leaves stocks unscathed

-- 2021-04-09 14:09:01

A global minimum corporate tax rate could deal a major blow to the multinationals which some governments allege shift billions of dollars in profits every year to low-tax havens, as well as triggering...

Global economy recovering from pandemic: IMF steering committee

Reuters 2021-04-09 10:22:54

International Monetary Fund’s steering committee on Thursday said the global economy is recovering faster than expected from the Covid-19 crisis, but warned that a spike in interest rates could...

Myanmar crisis sounds death knell for garment industry, jobs, hope

REUTERS 2021-04-08 19:46:01

Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers. Business had been struggling because of the COVID-19 pan...

IMF worried about middle-income countries with weaker fundamentals

Reuters 2021-04-08 09:47:32

The head of the International Monetary Fund on Wednesday said she would discuss with IMF members whether they back offering low- and no-interest financing to middle-income countries hit hard by the pa...

Net zero transition topped agenda in G7 talks

Reuters 2021-04-07 12:16:37

Top economic policymakers from the Group of Seven (G7) industrialised countries talked on Tuesday about how they will reform their economies to achieve their net zero emissions targets, this year&rsqu...

US job openings jump to two-year high

Reuters 2021-04-07 09:55:49

US job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased Covid-19 vaccinations and additional pandemic aid from the government boost c...

IMF upgrades global growth forecast to 6.0pc in 2021

XINHUA 2021-04-06 22:48:26

The International Monetary Fund (IMF) on Tuesday projected that the global economy will grow by 6.0 per cent in 2021, 0.5 percentage point above the January forecast, according to the latest World Eco...

G20 leaders to discuss on policies to prevent virus-battered economies

-- 2021-04-06 16:39:37

The world’s financial leaders will discuss on Wednesday how to coordinate policies to prevent their virus-battered economies emerging from recession at highly different speeds, officials said ah...

Tesla's value set to gain $50b on record EV deliveries

Reuters 2021-04-06 09:53:35

Tesla was set to add about $50 billion to its market value as the electric car-maker’s shares surged on Monday, after it posted record deliveries on strong demand in China that helped it offset...

Suez Canal must upgrade quickly to avoid future disruption, experts say

Reuters 2021-04-02 10:25:53

Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said, as the major trade route tries to bounc...

Online education platform Coursera opens 18pc higher in NYSE debut

Reuters 2021-04-01 12:16:36

Shares of online learning platform Coursera Inc opened 18 per cent above the initial public offering price in their US debut on Wednesday, valuing the company at $5.08 billion. The stock opened at $3...

US private payrolls post biggest gain in six months

-- 2021-04-01 09:16:18

US private employers hired the most workers in six months in March as more Americans got vaccinated against COVID-19, pushing the economy towards a broader reopening, which is expected to unleash a st...