Brazilian Foreign Affairs Minister Mauro Vieira has opened the first meeting of BRICS Sherpas, or chief negotiators, with Brazil holding the rotating presidency of the bloc, the Foreign Ministry confirmed. In his opening speech on Tuesday, Vieira affirmed the response to the crisis of multilateral
Growth in India's private sector accelerated at its fastest pace in six months in February due to a surge in services activity that enabled businesses to pass on rising input costs to customers, according to a survey that also showed job creation was at a record high, reports Reuters. Strong
The Philippine central bank on Friday said it was reducing the reserve requirement ratio (RRR) for banks by 200 basis points from late March. The reduction will bring the reserve requirement for universal and commercial banks down to 5.0 per cent and will take effect in the week of March 28, the B
Vietnam's National Assembly on Wednesday approved raising the economic growth target for this year and also voted in favour of major infrastructure projects, including the country's first nuclear power plants and a rail link to China, reports Reuters. Lawmakers approved a new growth target f
The United States has announced plans to slash Iran’s oil exports by more than 90 per cent as part of former President Donald Trump’s renewed “maximum pressure” campaign, Treasury Secretary Scott Bessent stated on Friday. Speaking to Fox Business, Bessent said, “We ar
Brazil will host the BRICS leaders' summit in Rio de Janeiro on July 6 and 7, Foreign Minister Mauro Vieira announced Saturday. Brazil took over the rotating presidency of BRICS on Jan. 1 and is leading working groups to prepare the agenda and topics for the summit, which will bring together heads
Indian Prime Minster Narendra Modi said on Thursday the United States and India have set a target of doubling their bilateral trade to $500 billion by 2030 and will work on concluding a mutually beneficial trade agreement very soon. Modi made the comment at a press conference after a meeting with
South Korea's free trade agreement with the United States could help mitigate its exposure to reciprocal tariffs threatened by US President Donald Trump, economists at two major investment banks have said. Trump imposed tariffs on Monday on all imports of steel and aluminium, beginning from March
They line up by the hundreds to meet recruiters at schools in provincial towns and convention halls in large cities, some carrying advanced diplomas, others with only a primary education to their name. Each is hoping to land one of the million jobs the Kenyan government aims to fill this year in o
Dubai welcomed 18.72 million international overnight visitors in 2024, setting a new record with a 9-per cent increase from last year's 17.15 million, according to the Dubai Department of Economy and Tourism (DET) on Sunday. Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum credi
Global food prices drifted lower in January, mainly due to lower sugar, vegetable oil and meat prices, the United Nations Food and Agriculture Organization (FAO) said Friday. In its first monthly report of the new year, the FAO reported that its broad Food Prices Index dropped 1.6 per cent in Janu
India's foreign exchange (forex) reserves rose by 1.05 billion US dollars to $630.607 billion during the week ended Jan. 31, showed the official data released by the country's central bank the Reserve Bank of India (RBI) on Friday. This was the second consecutive week when India's forex reserves r
US employers added just 143,000 jobs last month, but the unemployment rate fell to 4% to start 2025. The first monthly jobs report of Donald Trump’s second presidency suggested he’s inherited a solid but unspectacular US labour market. January job creation was down from the 261,000 add
