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The Financial Express

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Economist magazine calls for Georgieva to quit IMF over WB data scandal

Economist magazine calls for Georgieva to quit IMF over WB data scandal

-- 2021-09-24 08:59:39

A former World Bank official who prepared reports at the center of a data-rigging scandal that aided China defended IMF chief Kristalina Georgieva on Thursday as the Economist magazine called for her...

Small-scale farmers getting pittance as wage is outrageous, says IFAD

Small-scale farmers getting pittance as wage is outrageous, says IFAD

-- 2021-09-23 20:17:02

President of the International Fund for Agricultural Development (IFAD) Gilbert F. Houngbo has said it is outrageous that rural small-scale farmers in developing countries, who grow one-third of the g...

China's overseas coal power retreat could wipe out $50b of investment

China's overseas coal power retreat could wipe out $50b of investment

-- 2021-09-22 18:33:50

China's pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it slashes future carbon emissions, analysts said, although Beijing's own domestic coal program...

China Evergrande shares plummet to 11-year low

China Evergrande shares plummet to 11-year low

-- 2021-09-20 13:33:42

Shares of Evergrande on Monday plunged as much as 19 per cent to their lowest in over 11 years, extending losses as investors take a dim view of its business prospects with a fast approaching deadline...

Pandemic increases risks of illicit financial flows, UAE central bank says

Pandemic increases risks of illicit financial flows, UAE central bank says

-- 2021-09-19 19:42:32

The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and terrorism financing, it said in a report publi...

India seeks to welcome back overseas tourists

India seeks to welcome back overseas tourists

-- 2021-09-19 19:33:16

India on Sunday reported 30,773 new coronavirus infections in the past 24 hours, taking the total to 33.4 million, as it seeks to reopen the country to overseas tourists. The death toll rose by 309 t...

Saudi Arabia launches programme to develop human capabilities

Saudi Arabia launches programme to develop human capabilities

-- 2021-09-16 19:07:36

Saudi Arabia's Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud has launched the Human Capability Development Programme (HCDP), the Saudi Press Agency reported on Wednesday. It is one of the pr...

Shortages of basic goods hobble US economy

Shortages of basic goods hobble US economy

-- 2021-09-14 13:12:25

For Lauren Rash, it’s the little things that have snarled production at her tent factory here, like the many shades of black Velcro. Her company, Diamond Brand, just launched a new line of high...

Italy's employment improves in second quarter

Italy's employment improves in second quarter

-- 2021-09-14 11:51:10

Nearly 340,000 new jobs were created in the second quarter (Q2) of this year, up 1.5 per cent from the first quarter, data released Monday by the National Statistics Institute (ISTAT) showed. The mai...

Apple shares recover ground after court ruling slide

Apple shares recover ground after court ruling slide

-- 2021-09-14 10:14:19

Apple's shares inched higher on Monday after losing about $84 billion in market value in the previous session on the back of a US judge's mixed decision in the iPhone maker's fight with "Fortnite...

From zippers to glass -- Shortages of basic goods hobble US economy

From zippers to glass -- Shortages of basic goods hobble US economy

-- 2021-09-14 09:35:53

For Lauren Rash, it’s the little things that have snarled production at her tent factory here, like the many shades of black Velcro. Her company, Diamond Brand, just launched a new line of high...

Green investments to be part of EU budget rules review

Green investments to be part of EU budget rules review

-- 2021-09-12 09:28:05

The possibility of exempting “green” investments from EU deficit calculations will form part of discussions when EU budget rules are revised, European Commission Vice President Valdis Domb...

IMF to launch virtual mission to Belarus to gather information about economic developments

IMF to launch virtual mission to Belarus to gather information about economic developments

-- 2021-09-11 10:47:52

The International Monetary Fund on Friday said it would begin a virtual mission to Belarus, amid concerns raised about the global lender's disbursement of new emergency reserves to the government of p...

China's Ximalaya drops US IPO plans

China's Ximalaya drops US IPO plans

-- 2021-09-10 10:32:25

China's largest online audio platform Ximalaya said on Thursday it had decided not to proceed with its plans for an initial public offering (IPO) in the United States. The mov...

Chaos bleeding Libya's economy

Chaos bleeding Libya's economy

-- 2021-09-10 08:37:36

Libya should reunify its fragmented economic system and public funds if it stands any hope of ending a decade of violent division, however, strikes in direction of that purpose are making gradual prog...

Racial inequities cost US economy more than $50tn since 1990, researchers say

Racial inequities cost US economy more than $50tn since 1990, researchers say

-- 2021-09-09 10:51:22

Racial and ethnic inequities have cost the US economy some $51 trillion in lost output since 1990, San Francisco Federal Reserve President Mary Daly said Wednesday, citing data from a paper she and th...

Coinbase lending product targeted

Coinbase lending product targeted

-- 2021-09-09 10:30:43

The US Securities and Exchange Commission has told Coinbase Global Inc that it plans to sue the cryptocurrency exchange if it goes ahead with plans to launch a programme allowing users to earn in...

US employers struggle to find workers

US employers struggle to find workers

-- 2021-09-09 08:45:27

US job openings raced to a new record high in July while layoffs rose moderately, suggesting last month's sharp slowdown in hiring was due to employers being unable to find workers rather than weak de...

101 countries depend on commodity exports

101 countries depend on commodity exports

FE ONLINE REPORT 2021-09-08 16:18:03

Commodity dependence increased from 93 countries in 2008–2009 to 101 countries in 2018–2019 over the last decade, according to the latest report of the United Nations Conference on Trade a...

China sees surprising boost in exports

China sees surprising boost in exports

-- 2021-09-08 11:33:32

China's exports unexpectedly grew at a faster pace in August thanks to solid global demand, helping take some of the pressure off the world's second-biggest economy as it navigates its way through hea...

UAE announces plans to attract $150b FDI, foreign workers

UAE announces plans to attract $150b FDI, foreign workers

-- 2021-09-06 09:06:23

The United Arab Emirates plans to launch 50 new economic initiatives to boost the country's competitiveness and attract 550 billion dirhams ($150 billion) in foreign direct investment in the next nine...

Rats, drought, labour shortages during pandemic eat into edible oil recovery

Rats, drought, labour shortages during pandemic eat into edible oil recovery

-- 2021-09-05 10:56:34

In a sprawling oil palm plantation in the Malaysian state of Perak, watermelon seedlings are sprouting from freshly ploughed earth between palm saplings while rented cows graze in overgrown areas of t...

Tech stocks power Nasdaq to record high

Tech stocks power Nasdaq to record high

-- 2021-09-02 10:12:18

The Nasdaq closed Wednesday at a record high, and the S&P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which s...

Taliban wrestle with Afghan economy

Taliban wrestle with Afghan economy

REUTERS 2021-09-02 10:07:35

Afghanistan's new Taliban rulers struggled to keep the country functioning on Wednesday after the final withdrawal of US forces, with foreign donors alarmed about an impending humanitarian crisis, Reu...

Over 4.0b people still lack any social protection, ILO report finds

Over 4.0b people still lack any social protection, ILO report finds

FE ONLINE DESK 2021-09-01 18:28:49

Despite the unprecedented expansion of social protection during the COVID-19 crisis, more than 4.0 billion people around the world remain entirely unprotected, a new International Labour Organization...

Surging Covid-19 cases dampen US consumer confidence

Surging Covid-19 cases dampen US consumer confidence

-- 2021-09-01 11:12:42

US consumer confidence fell to a six-month low in August as worries about soaring Covid-19 infections and higher inflation dimmed the outlook for the economy. The survey from the Conference Board on...

Indian growth jumps in April-June

Indian growth jumps in April-June

-- 2021-09-01 09:56:19

India's economy rebounded in the April-June quarter even while a devastating second wave of Covid-19 swept the country, with growth of over 20 per cent compared to a year earlier driven by a surge in...

SL declares economic emergency to contain food prices amid forex crisis

SL declares economic emergency to contain food prices amid forex crisis

-- 2021-09-01 09:10:10

Sri Lanka has declared an economic emergency empowering the authorities to seize stocks of staple foods and set their prices, to contain soaring inflation after a steep devaluation of its currency due...

Indian economy grows by 20.1pc, raising hopes of recovery

Indian economy grows by 20.1pc, raising hopes of recovery

-- 2021-08-31 20:32:53

India's economy grew by 20.1 per cent in the April-June quarter from the same period a year earlier, when it suffered a record contraction, the government announced Tuesday, raising hopes of an econom...

China's economy under pressure as factory activity slows in Aug

China's economy under pressure as factory activity slows in Aug

-- 2021-08-31 15:54:52

China's businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likeli...