11h ago| Banks

Eurozone growth slows: survey

Economic growth in the eurozone stumbled in September, a closely watched survey said Thursday, as supply chain bottlenecks, high prices and the spread of the coronavirus Delta variant hurt output.

11h ago| Global Economy

Ratings agency cuts China growth forecast

Ratings agency Fitch on Thursday cut its growth forecast for China’s economy this year citing a slowdown in the country’s colossal property sector, which is also facing headwinds over faltering...

11h ago| Global Economy

Fed warns of ‘severe damage’ if senators allow debt default

The chairman of the US Federal Reserve called on lawmakers to raise the nation’s borrowing limit urgently on Wednesday, warning that failure to pay government debts would do  “severe damage” to the...

2d ago| South Asia

Taliban names Afghan UN envoy, asks to address General Assembly

The Taliban have asked to address world leaders at the United Nations in New York this week and nominated their Doha-based spokesman Suhail Shaheen as Afghanistan's UN ambassador, according to...

2d ago| Global Economy

OECD lowers global, US economic growth forecasts

The OECD warned Tuesday of an  “uneven” global economic recovery as it lowered its 2021 growth forecasts for the world and the United States while raising the outlook for Europe.

2d ago| Global Economy

Airline sector relieved over lifting of US travel ban

The United States’ decision to lift restrictions on incoming travellers vaccinated against Covid-19 was met with a sigh of a relief by the global airline sector, which has been dealt a body blow by...

September 24, 2021
September 24, 2021

EU looking at measures to tackle energy crisis

The European Commission said on Wednesday it is poised to validate  “short-term temporary measures” to tackle the effects of a global energy crisis -- while keeping an eye on long-term climate goals.

September 24, 2021
September 24, 2021

Nigeria aims to boost oil output

Nigeria said Wednesday it aims to produce 1.88 million barrels per day of crude oil next year and the budget will be based on the benchmark price of $57 per barrel, calling it a  “very conservative...

September 24, 2021
September 24, 2021

Bank of England on guard against spiking inflation

The Bank of England is expected to stay the course on interest rates and stimulus on Thursday, despite soaring inflation and fears of runaway domestic energy costs.

September 24, 2021
September 24, 2021

Fed warns of ‘severe damage’ if senators allow debt default

The chairman of the US Federal Reserve called on lawmakers to raise the nation’s borrowing limit urgently on Wednesday, warning that failure to pay government debts would do  “severe damage” to the...

September 24, 2021
September 24, 2021

Ratings agency cuts China growth forecast

Ratings agency Fitch on Thursday cut its growth forecast for China’s economy this year citing a slowdown in the country’s colossal property sector, which is also facing headwinds over faltering...

September 24, 2021
September 24, 2021

Eurozone growth slows: survey

Economic growth in the eurozone stumbled in September, a closely watched survey said Thursday, as supply chain bottlenecks, high prices and the spread of the coronavirus Delta variant hurt output.

September 23, 2021
September 23, 2021

IMF execs meet over charges boss changed data to favour China

The International Monetary Fund’s board of directors met Tuesday over charges that its director, Kristalina Georgieva, pressured staff in 2017 when she was the World Bank CEO to change data in a...

September 23, 2021
September 23, 2021

Taliban expand economic team

Afghanistan’s Taliban government bolstered its economic team on Tuesday, naming a commerce minister and two deputies as the group tries to revive a financial system in shock from the abrupt end to...

September 23, 2021
September 23, 2021

German auto giants place their bets on hydrogen cars

Battery power may be the frontrunner to become the car technology of the future, but don’t rule out the underdog hydrogen.

September 23, 2021
September 23, 2021

ADB cuts Asia growth forecast on slow vaccine rollout

The Asian Development Bank warned of  “lasting scars” from the coronavirus pandemic as it cut its 2021 growth forecast for developing Asia on slow vaccination rates, surging infections and...