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Ukraine war, India ban push wheat prices higher in global markets

India's ban on exports of wheat due to the heatwave that hit crops has raised the prices of the staple cereal in the international markets. Domestic prices in the South Asian country ascended to a record high while the benchmark...

Taliban announces first annual Afghan budget

Afghanistan faces a budget deficit of 44 billion Afghanis ($501...

Dollar climbs to 20-year high on inflation fears

The dollar climbed to a 20-year high on Thursday as...

Japan's SoftBank faces record losses as investments sour

SoftBank Group sank into losses in the past fiscal year...

US consumer price growth slows sharply in April

US consumer price growth slowed sharply in April as gasoline...

Ukraine war slowing global remittances growth: World Bank

The war in Ukraine will help slow the growth of...

Ukraine exports over 1m tonnes of grain in April

Ukraine has sown about 7.0 million hectares of spring crops...

AIIB considers granting $100m in emergency support to Sri Lanka

The China-backed Asian Infrastructure Investment Bank (AIIB) is considering granting...

Somalia seeks three-month extension of its IMF support programme

Somalia's government has asked the International Monetary Fund (IMF) to...

India hikes repo rate by 40 bps to 4.4pc in first change after two years

India's central bank has raised the benchmark interest rate for...

FAO says food security remains a concern despite slight drop in prices

World food prices eased slightly in April after hitting a...

BoE flags risk of recession and 10 per cent inflation as it raises rates again

The Bank of England sent a stark warning that Britain...

Sri Lankan tea pickers' dreams shattered by economic crisis

On a lush plantation in Sri Lanka, Arulappan Ideijody deftly...

Global hunger may worsen without urgent action, says UN agency

Conflict, extreme weather and economic shocks increased the number of...

Sri Lanka plans to replace 'unrealistic' budget

Sri Lanka plans to replace its current "unrealistic" budget and...

ADB approves policy-based lending to $18b for 2022–24 

The Asian Development Bank (ADB) has approved a ceiling of...

Australia hikes interest rates by surprisingly-large 25 basis points

Australia's central bank on Tuesday raised its cash rate by...

Modi vows to bolster ties with Europe amid Russia-Ukraine war 

Indian Prime Minister Narendra Modi has vowed to bolster ties...

‘World may lose 4.0pc GDP by 2050 due to climate change'

Climate change could see 4.0 per cent of global annual...

Food, fuel price shocks from Ukraine war to last at least three years: WB

Global food and fuel price shocks linked to the Russia-Ukraine...

World Bank readies Sri Lanka aid package, IMF calls loan talks 'fruitful'

The International Monetary Fund said on Saturday it held "fruitful...

World Bank, IMF, WTO leaders urge quick action on food security

The leaders of the International Monetary Fund, World Trade Organization...

World Bank estimates Ukraine physical damage at roughly $60 billion so far

Physical damage to Ukraine's buildings and infrastructure from Russia's invasion...

World Bank warns of 'human catastrophe' food crisis

The world is facing a "human catastrophe" from a food...

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