Economy / Global

Brazil hosts first BRICS Sherpas meeting

Brazil hosts first BRICS Sherpas meeting

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


India Feb business growth at 6-month high

India Feb business growth at 6-month high

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

Vietnam raises GDP growth target to at least 8.0pc

Vietnam raises GDP growth target to at least 8.0pc

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

US plans to cut Iran’s oil exports by over 90pc

US plans to cut Iran’s oil exports by over 90pc

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 to host BRICS summit in July

Brazil to host BRICS summit in July

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

US, India target $500b bilateral trade by 2030

US, India target $500b bilateral trade by 2030

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

18.72 million people visited Dubai in 2024

18.72 million people visited Dubai in 2024

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 fall 1.6% in January

Global food prices fall 1.6% in January

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 forex reserves rise to $630.6 billion

India's forex reserves rise to $630.6 billion

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