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Search results for: global

Musk is sued by Twitter shareholders

Musk is sued by Twitter shareholders

-- 2022-04-13 13:12:23

Elon Musk was sued on Tuesday by former Twitter Inc shareholders who claim they missed out on the recent run-up in its stock price because he waited too long to disclose a 9.2 per cent stake in the so...

US inflation rate hits a fresh 40-year high after ban on Russian energy imports

US inflation rate hits a fresh 40-year high after ban on Russian energy imports

-- 2022-04-12 20:42:56

The US inflation rate hit a fresh 40-year high in the year to March after fuel prices soared during the first full month of the Ukraine war. Consumer prices increased by 8.5 per cent, the largest rat...

250m people may fall into extreme poverty this year, warns Oxfam

250m people may fall into extreme poverty this year, warns Oxfam

FE ONLINE DESK 2022-04-12 19:53:13

Over a quarter of a billion more people could crash into extreme levels of poverty in 2022 because of the Covid-19 pandemic, rising global inequality and the shock of food price rises supercharged by...

WTO lowers 2022 global trade growth forecast

WTO lowers 2022 global trade growth forecast

-- 2022-04-12 18:24:26

The World Trade Organization (WTO) on Tuesday revised down its forecast for global trade growth this year to 3.0 per cent from 4.7 per cent due to the impact of the Russia-Ukraine war and warned of a...

Ukraine’s GDP output to fall 45pc, Russia's economy to shrink 11.2pc this year

Ukraine’s GDP output to fall 45pc, Russia's economy to shrink 11.2pc this year

-- 2022-04-11 16:16:27

Ukraine's economic output will likely contract by a staggering 45.1 per cent this year as Russia's invasion has shuttered businesses, slashed exports and rendered economic activity impossible in large...

Musk decides not to join Twitter board

Musk decides not to join Twitter board

-- 2022-04-11 10:26:57

Elon Musk, Twitter's biggest shareholder, has decided not to join the social media company's board, Chief Executive Parag Agrawal said in a tweet on Sunday, reports Reuters. Musk, who disclosed...

European equity funds notch big inflows in week

European equity funds notch big inflows in week

-- 2022-04-10 10:09:37

European equity funds attracted heavy inflows in the week ended April 6 as the Russia-Ukraine conflict whetted investor appetite for defence and energy stocks, while other regions posted outflows on c...

Sri Lanka doubles interest rates to tame inflation; stabilise economy

Sri Lanka doubles interest rates to tame inflation; stabilise economy

-- 2022-04-09 12:12:27

Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven...

Japan to ban coal imports from Russia

Japan to ban coal imports from Russia

-- 2022-04-08 17:44:10

Japan, the world's third-largest coal importer, said on Friday it will ban coal imports from Russia and impose a wide range of additional sanctions, including freezing the assets of two major banks an...

World food prices jump nearly 13pc in March, UN agency says

World food prices jump nearly 13pc in March, UN agency says

-- 2022-04-08 16:38:27

World food prices jumped nearly 13 per cent in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils, the UN food agency said on Friday. The Foo...

India's central bank keeps lending rate steady

India's central bank keeps lending rate steady

-- 2022-04-08 13:17:55

The Reserve Bank of India kept its key lending rate at a record low on Friday, as expected, as it sought to support economic growth even as inflation edged higher in the wake of the Russia-Ukraine war...

Mobile money industry processes record $1.0t globally in 2021

Mobile money industry processes record $1.0t globally in 2021

FE ONLINE REPORT 2022-04-07 18:11:29

Mobile money adoption and use saw continued growth in 2021, processing a record $1.0 trillion, according to a report. says a report. As per the report titled ‘State of the Industry Report on Mo...

Tourism spending in China plunges over key holiday

Tourism spending in China plunges over key holiday

-- 2022-04-07 11:29:31

Tourism spending in China plunged over this week's Qingming festival, as the world's second-largest economy battles a rise in infections. The amount tourists spent during the key thre...

Samsung Electronics Q1 profit tops market expectations

Samsung Electronics Q1 profit tops market expectations

-- 2022-04-07 11:25:55

Samsung Electronics Co Ltd reported on Thursday an estimated 50 per cent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, beating expectations as solid de...

US stops Russian bond payments in bid to raise pressure on Moscow

US stops Russian bond payments in bid to raise pressure on Moscow

-- 2022-04-05 12:23:50

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at American banks, in a move meant to ratchet up pressure...

Musk takes 9pc stake in Twitter

Musk takes 9pc stake in Twitter

-- 2022-04-05 10:31:09

Tesla boss Elon Musk on Monday disclosed a 9.2 per cent stake in Twitter, worth nearly $3 billion, making him the micro-blogging site's largest shareholder and triggering a rise of more than 27 p...

Egypt permits e-visa to attract more visitors 

Egypt permits e-visa to attract more visitors 

-- 2022-04-01 17:56:27

Egypt has added 78 countries to its e-visa portal for tourists, expanding the list to cover more than 180 countries in a bid to attract more visitors, the Ministry of Tourism and Antiquities said...

Russian gas keeps flowing to Europe despite Putin's ultimatum to pay in roubles

Russian gas keeps flowing to Europe despite Putin's ultimatum to pay in roubles

-- 2022-04-01 15:07:25

Russian gas was still flowing to Europe on Friday despite a deadline set by President Vladimir Putin to cut it off unless customers start paying in roubles, Moscow's strongest threat to retaliate for...

Sri Lanka suffers long power cuts as fuel crisis worsens

Sri Lanka suffers long power cuts as fuel crisis worsens

-- 2022-03-30 17:20:41

Swathes of Sri Lanka faced prolonged power cuts on Wednesday as a deepening economic crisis roiled markets and buffeted businesses, with the government unable to pay for fuel shipments because of a fo...

Russia retaliates in ‘economic war’ with Eurobond rouble buyback offer

Russia retaliates in ‘economic war’ with Eurobond rouble buyback offer

-- 2022-03-29 22:11:27

Russia retaliated in what it has called an "economic war" with the West on Tuesday by offering to buy back its $2 billion Eurobonds maturing next month in roubles rather than dollars. The offer on Eu...

India stands by trade with Russia as Lavrov set to visit

India stands by trade with Russia as Lavrov set to visit

-- 2022-03-29 19:25:46

Russian Foreign Minister Sergei Lavrov is set to fly to India this week, sources said, finding time to visit to one of the biggest buyers of Russian commodities since the international community began...

Sri Lanka seeks further $1.0b credit line from India to import essentials

Sri Lanka seeks further $1.0b credit line from India to import essentials

-- 2022-03-28 17:04:26

Sri Lanka has sought an additional credit line of $1.0 billion from India to import essentials amid its worst economic crisis in decades, two sources said on Monday, as the Indian foreign minister beg...

Moscow Exchange to resume trading in normal mode on Monday

Moscow Exchange to resume trading in normal mode on Monday

-- 2022-03-26 18:08:32

The Russian central bank said on Saturday that the Moscow Exchange will resume trading on Monday, with Russian shares and bonds in normal mode, albeit for half a day. It said the trading session will...

Economic cost of vaccine hesitancy is mounting in America

Economic cost of vaccine hesitancy is mounting in America

-- 2022-03-26 13:02:05

Nearly a year after Covid vaccines became freely available in the US, one-fourth of American adults remain unvaccinated, and a picture of the economic cost of vaccine hesitancy is emerging. It points...

Promises of ‘stability’, ‘quality growth’ reverberated in China’s legislative gathering

Promises of ‘stability’, ‘quality growth’ reverberated in China’s legislative gathering

Ismail Hossain 2022-03-26 10:07:42

Two Sessions, China’s most important annual political event, ended last week with a promise of stability, clean, green and quality growth, more transparency and more power to the grassroots lead...

Sri Lanka aims to earn $1b from gem exports in 2022 

Sri Lanka aims to earn $1b from gem exports in 2022 

-- 2022-03-25 18:05:55

The Sri Lankan government aims to earn 1.0 billion US dollars from gem exports this year with steps being taken to increase the exports to more markets, local media reported Thursday.  Minister...

World stocks headed for consecutive weekly gains for first time in 2022

World stocks headed for consecutive weekly gains for first time in 2022

-- 2022-03-25 16:26:33

World stocks are headed for a second consecutive week of gains for the first time in 2022 though sentiment was broadly cautious as markets evaluated the economic risks from the Federal Reserve's polic...

War to cut global growth to 2.6pc this year, says UNCTAD

War to cut global growth to 2.6pc this year, says UNCTAD

FE ONLINE REPORT 2022-03-24 20:00:35

Russia-Ukraine war coupled with changes in macroeconomic policies by countries in recent months has compelled the United Nations (UN)’s trade and development body to downgrade its global economi...

Fertiliser shortage imperils world food supply 

Fertiliser shortage imperils world food supply 

-- 2022-03-24 19:54:30

Sky-high fertiliser prices have farmers worldwide scaling back its use and reducing the amount of land they're planting, fallout from the Ukraine-Russia conflict that has some agricultural industry ve...

Sri Lanka to seek World Bank assistance alongside IMF loan programme

Sri Lanka to seek World Bank assistance alongside IMF loan programme

-- 2022-03-24 14:45:52

Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund (IMF) rescue plan to be discussed next month, two sources said. A 70 per...