World economy

Fed hikes rates by a further 75 bps to curb inflation

26 Sep 2022

Rest of Asia set to grow faster than China for the first time in 30 years, says ADB

26 Sep 2022

Britain’s Queen Elizabeth dies at 96

14 Sep 2022

Her eldest son Charles, 73, automatically becomes king of the United Kingdom and the head of state of 14 other nations, including Australia, Canada and New Zealand

ECB raises key rates by 75 basis points to tame inflation

14 Sep 2022

US economy contracted in second quarter by 0.6%

31 Aug 2022

China’s trade surplus at record $101 billion in July as exports grow 18%

08 Aug 2022

US Fed hikes policy interest rate by a further 75 basis points

29 Jul 2022

China launches a second module to its space station

25 Jul 2022

China will launch a third module, named Mengtian, in October this year, completing the T-shaped space station

Ukraine, Russia agree to reopen grain ports: Turkey

25 Jul 2022

Italian Prime Minister Mario Draghi resigns after failed trust vote

22 Jul 2022

Facing the Heat of Climate Change

21 Jul 2022

Temperatures will cease rising only if humans stop adding greenhouse gases to the atmosphere, and any failure to tackle climate change would see heat extremes escalate even more dangerously, say experts

Russia’s April-June current account surplus tops $70.1 bn despite sanctions

14 Jul 2022

Sri Lanka declares bankruptcy as country plunges into chaos

11 Jul 2022

Sri Lanka is currently in negotiations with the International Monetary Fund (IMF) to save the economy, but the IMF said more work was required to repair Sri Lanka’s runaway fiscal deficit before any agreement is worked out

Boris Johnson resigns as British prime minister

08 Jul 2022

At least 32 British lawmakers, including Treasury chief Rishi Sunak and Health Secretary Sajid Javid, left Johnson’s government in less than 24 hours, saying the Tory leader no longer has their confidence

Chernogolovka gains as Coca-Cola, Pepsi suspend Russian operations

01 Jul 2022

Chernogolovka, an aerated drinks company named after a town outside Moscow where it was founded in 1998, is reported to have more than doubled its presence in hotels, restaurants and cafes so far this year

US Fed hikes interest rate by 0.75% to tame inflation

20 Jun 2022

World Bank fears a possible rerun of the 1970s ‘stagflation’

09 Jun 2022

Stagflation is a situation when high prices – mostly of oil and food - cause high inflation worldwide even as economies dependent on imports face recession

Statement on Indo-Pacific Economic Framework for Prosperity

25 May 2022

Quad plans over $50 bn infastructure investment in Asia-Pacific

25 May 2022

The Quad leaders said they will champion adherence to international law, as reflected in the UN Convention on the Law of the Sea (UNCLOS), and the maintenance of freedom of navigation and overflight, to meet challenges to the maritime rules-based order, including in the East and South China Seas

Sri Lanka govt plans to sell airline; prints money to pay salaries

23 May 2022

The nation has only one day’s stock of gasoline and the government is working to obtain dollars in the open market to pay for three ships with crude oil and furnace oil that have been anchored in Sri Lankan waters, the newly appointed Prime Minister Ranil Wickremesinghe said

Infosys exits Russia to end UK political and tax row

18 Apr 2022

Replacing Russian oil a difficult task for EU, warns Opec

12 Apr 2022

Ray of hope as Russia offers ceasefire, Ukraine distances from Nato

09 Mar 2022

Russia announced the ceasefire for evacuation of the civilian population from Chernihiv, Sumy, Kharkiv, Mariupol, and Zaporizhzhia, even as Ukranian President Volodymyr Zelenskyy said he is no longer pressing for Nato membership for Ukraine, and cooled down on break-away provinces

Vladimir Putin seeks lawmakers’ permission to use force outside Russia

07 Mar 2022

Putin's move to sign a decree recognising Donetsk and Luhansk (Donbass) as independent regions, will pave way for Russian military forces to enter into these separatist-dominated regions claiming to be an ally of the rebels