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The Financial Express

Search results for: global

US, EU, other allies urge China to liberalise further

US, EU, other allies urge China to liberalise further

-- 2021-10-21 10:02:06

The United States said on Wednesday that China’s industrial policies "skew the playing field" against imported goods and services, as well as their foreign providers, and that Washington would p...

Overseas football tourism a massive boost for UK economy

Overseas football tourism a massive boost for UK economy

-- 2021-10-20 23:02:53

Overseas football tourism has proved to be a huge winner for the British economy, a new report published by Britain's national tourism agency VisitBritain revealed on Wednesday. According to research...

Thousands of unvaccinated workers across US at risk of losing jobs

Thousands of unvaccinated workers across US at risk of losing jobs

-- 2021-10-20 16:14:58

Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation against...

IMF cuts economic growth forecast for Asia

IMF cuts economic growth forecast for Asia

-- 2021-10-20 10:16:36

The International Monetary Fund on Tuesday slashed this year's economic growth forecast for Asia and warned that a fresh wave of Covid-19 infections, supply chain disruptions and inflation pressures p...

EU re-thinks budget rules for post-pandemic era

EU re-thinks budget rules for post-pandemic era

-- 2021-10-18 14:05:12

So often the source of rows between its members, the European Union starts reviewing its rules for national budgets on Tuesday to fit a post-pandemic reality of higher public debt and the huge costs o...

China's GDP growth hits one-year low

China's GDP growth hits one-year low

-- 2021-10-18 11:47:16

China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policy...

Global economy feels pinch of cost surge

Global economy feels pinch of cost surge

-- 2021-10-14 20:17:03

From beef bowls in Tokyo to fried chicken in London, consumers are beginning to feel the pinch from the surge in costs washing over the global economy. The rebound in economic activity as coronavirus...

Energy crisis could lead to slowdown in global economic recovery, says IEA

Energy crisis could lead to slowdown in global economic recovery, says IEA

-- 2021-10-14 15:20:16

A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world's recovery from the COVID-19 pandemic, the International Ene...

JPMorgan edges closer to leaving pandemic behind

JPMorgan edges closer to leaving pandemic behind

-- 2021-10-14 10:10:24

JPMorgan Chase & Co beat analysts’ profit estimates on Wednesday, thanks to record revenue in some investment banking businesses and a sunnier economic outlook that allowed the largest US ba...

'Great financing divide' between rich, poor nations slows recovery: IMF

'Great financing divide' between rich, poor nations slows recovery: IMF

-- 2021-10-13 17:15:31

Economic growth in poorer countries will likely lag pre-pandemic expectations for years, given gaps in vaccination rates, revenue growth and the ability to borrow, the International Monetary Fund said...

ADB boosts climate financing goal to $100 billion for 2019-2030 period

ADB boosts climate financing goal to $100 billion for 2019-2030 period

-- 2021-10-13 17:13:01

The Asian Development Bank will boost its climate financing goals by $20 billion to a new target of $100 billion for the 2019-2030 period. The lender also aims to launch its concept for retiring coal...

‘World economy needs to be overhauled to withstand future challenges'

‘World economy needs to be overhauled to withstand future challenges'

-- 2021-10-13 15:50:33

The governance of the world economy needs to be overhauled to ensure it can withstand future health and economic shocks, as well as challenges posed by climate change and the rise of China, advisors t...

Energy crunch stokes inflation, economic recovery concerns

Energy crunch stokes inflation, economic recovery concerns

-- 2021-10-12 20:02:07

Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation and...

Japan wholesale inflation hits 13-year high

Japan wholesale inflation hits 13-year high

-- 2021-10-12 11:18:38

Japan's wholesale inflation hit a 13-year high in September as rising global commodity prices and a weak yen pushed up import costs, putting pressure on corporate margins and raising the risk of unwan...

Economics Nobel honours 'natural experiments', from minimum wage to migration

Economics Nobel honours 'natural experiments', from minimum wage to migration

-- 2021-10-11 22:06:55

Economists David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel economics prize on Monday for pioneering natural experiments to show real-world economic impacts in areas from minimum wage in...

Three economists win Nobel economics prize

Three economists win Nobel economics prize

-- 2021-10-11 16:22:02

Three economists— David Card, Joshua Angrist, and Guido Imbens — won the 2021 Nobel economics prize, the Royal Swedish Academy of Sciences said on Monday. The prize, formally known as the...

Casino firm shares slump on money laundering claim

Casino firm shares slump on money laundering claim

-- 2021-10-11 11:43:36

Shares in Australian gambling giant Star Entertainment have slumped after allegations that it enabled illegal activity at its casinos for years. A joint report by three news outlets implicate...

IMF approves fourth tranche of debt relief to 24 low-income countries

IMF approves fourth tranche of debt relief to 24 low-income countries

-- 2021-10-09 18:58:35

The International Monetary Fund has approved a $124 million extension of IMF debt relief to 24 low-income countries through January 10, 2022. The approval of the fourth tranche of debt relief from th...

Deal reached on global minimum corporate tax

Deal reached on global minimum corporate tax

-- 2021-10-08 22:55:14

A global deal to ensure big companies pay a minimum tax rate of 15 per cent and make it harder for them to avoid taxation has been agreed by 136 nations, the Organisation for Economic Cooperation and...

Data probe violated World Bank staff rules, IMF chief’s lawyer claims

Data probe violated World Bank staff rules, IMF chief’s lawyer claims

-- 2021-10-08 19:23:37

The lawyers, who investigated World Bank data-rigging allegations against IMF Managing Director Kristalina Georgieva, violated World Bank staff rules by failing to notify her that she was a subject of...

How China’s ‘common prosperity’ drive may impact the world

How China’s ‘common prosperity’ drive may impact the world

-- 2021-10-07 10:53:41

China says its policies aimed at narrowing the widening wealth gap are precisely what it needs in this moment of its economic trajectory - but critics say it comes with even greater control of how...

How COVID-19 in Southeast Asia is threatening global supply chains

How COVID-19 in Southeast Asia is threatening global supply chains

-- 2021-10-06 19:03:32

Fresh coronavirus outbreaks in Southeast Asia have hurt factory activity across industries, threatening the region's recovery from the COVID-19 pandemic and disrupting global supplies of goods such as...

IMF trims global growth forecast for 2021 citing 'vaccine divide'

IMF trims global growth forecast for 2021 citing 'vaccine divide'

-- 2021-10-06 12:53:00

The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6 per cent, IMF chief Kristalina Georgieva said on Tuesday, citing risks associated w...

Moody's upgrades outlook on India to stable from negative

Moody's upgrades outlook on India to stable from negative

-- 2021-10-06 10:35:40

Ratings agency Moody's Investors Service on Tuesday upgraded its outlook on India to stable from negative, saying downside risks in Asia's third largest economy and its financial institutions have red...

Global tax deal drops ‘at least’ from proposed minimum of 15pc

Global tax deal drops ‘at least’ from proposed minimum of 15pc

-- 2021-10-05 21:48:12

An updated draft of a global corporate tax overhaul has dropped "at least" from a proposed minimum rate of "at least 15 per cent", possibly clearing a major hurdle for Ireland as negotiations enter a...

Emerging market 'cryptoisation' threatens financial stability: IMF

Emerging market 'cryptoisation' threatens financial stability: IMF

-- 2021-10-02 09:31:16

The advent of digital currencies in emerging markets could spark "cryptoization" of local economies, potentially undermining exchange and capital controls and upsetting financial stability, the Intern...

Zoom, Five9 to terminate nearly $15b all-stock deal

Zoom, Five9 to terminate nearly $15b all-stock deal

-- 2021-10-02 09:10:47

Five9 shareholders voted down the call centre software firm's $14.7 billion sale to Zoom Video Communications on Thursday, a major blow to Zoom's plan to expand its offerings following its pandemic bo...

US consumer spending increases

US consumer spending increases

-- 2021-10-02 08:46:54

US consumer spending surged in August, but outlays adjusted for inflation were weaker than initially thought in the prior month, reinforcing expectations that economic growth slowed in the third quart...

Asian factories hit by China slowdown, supply constraints

Asian factories hit by China slowdown, supply constraints

-- 2021-10-01 12:10:19

Asia's manufacturing activity was lacklustre in September as signs of slowing Chinese growth and factory shutdowns caused by the coronavirus pandemic weighed on the region's econom...

Foreign investors ask Indian regulator to delay quicker trade settlement plans

Foreign investors ask Indian regulator to delay quicker trade settlement plans

-- 2021-10-01 11:42:51

Foreign investors in India are pushing the country's market regulator to delay its plans to implement a quicker settlement of trades by bourses - a "complex and costly" move they s...