Loading...
The Financial Express

Search results for: global

Myanmar's crumbling economy runs low on cash

Myanmar's crumbling economy runs low on cash

REUTERS 2021-05-14 18:00:41

If you need cash in Myanmar, you have to get up early. Queues start forming outside banks at 4 am, where the first 15 or 30 customers are given a plastic token that will allow them to enter the bank w...

European Union economy projected to grow by 4.2pc in 2021

European Union economy projected to grow by 4.2pc in 2021

-- 2021-05-12 16:03:05

The economy of the 27-member European Union (EU) will grow by 4.2 per cent in 2021 and 4.4 per cent in 2022, higher than the previous estimate, the European Commission said Wednesday in its Spring For...

China posts rapid trade growth in April

China posts rapid trade growth in April

Reuters 2021-05-07 12:08:45

China extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high, in a boost to the world's second-largest economy. A brisk US...

Indonesia economy shrinks 0.74pc in first quarter

Indonesia economy shrinks 0.74pc in first quarter

-- 2021-05-05 14:15:45

Indonesia’s economy shrank for the fourth straight quarter in January-March but at a much more modest pace, statistics bureau data showed on Wednesday. Southeast Asia’s largest economy co...

One in two people globally lost income due to Covid-19: Survey

One in two people globally lost income due to Covid-19: Survey

Reuters 2021-05-03 11:55:12

One in two people worldwide saw their earnings drop due to the coronavirus, with people in low-income countries particularly hard hit by job losses or cuts to their working hours, research showed on M...

Indian industry body urges curbs to economic activity to save lives

Indian industry body urges curbs to economic activity to save lives

Reuters 2021-05-03 10:56:57

A leading Indian industry body urged authorities to take the “strongest national steps” and to curtail economic activity to save lives on Sunday as the country battles surging coronavirus...

India April trade deficit at $15.24 billion

India April trade deficit at $15.24 billion

REUTERS 2021-05-02 15:12:16

India’s trade deficit in goods was $15.24 billion in April, preliminary data released by the government on Sunday showed. Merchandise exports rose to $30.21 billion for the month from $10.17 bi...

China's digital yuan expands from consumer payments to business scenarios

China's digital yuan expands from consumer payments to business scenarios

Global Times 2021-04-27 15:36:00

The application of China's Digital Currency Electronic Payment (DC/EP), also known as digital yuan, which has already been on a fast development track since last year, is taking another critical step...

Activists dump fake coal in fossil fuel protest

Activists dump fake coal in fossil fuel protest

Reuters 2021-04-24 11:24:09

Climate activists dumped fake coal outside Lloyd's of London's headquarters on Friday, targeting the global insurer in a protest against the industry's backing for major fossil fuel mining projects in...

Global economy to stage vigorous recovery

Global economy to stage vigorous recovery

REUTERS 2021-04-23 10:50:58

The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major economies, according to Reuters polls of over 500 econ...

India's 'Solar Man' lights path out of poverty with clean power

India's 'Solar Man' lights path out of poverty with clean power

REUTERS 2021-04-16 20:29:01

Since he was a child, Santipada Gon Chaudhuri had sought ways to help India's rural poor, so when the electrical engineer was invited to visit a co-worker's home in the Himalayan village of Herma in t...

China’s economy grows at record pace in first quarter

China’s economy grows at record pace in first quarter

Reuters 2021-04-16 14:43:40

China’s economic recovery quickened sharply in the first quarter from last year’s deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support f...

India to spend $200m in next 5-7 years to promote hydrogen use

India to spend $200m in next 5-7 years to promote hydrogen use

Reuters 2021-04-16 10:02:13

India will spend $200 million over the next five to seven years to promote the use of hydrogen, Indu Shekhar Chaturvedi, the top bureaucrat at India's Ministry of New and Renewable Energy, said at a v...

Pace of US recovery accelerates

Pace of US recovery accelerates

-- 2021-04-15 10:19:31

The US economy picked up speed going into the spring on the back of growing confidence among consumers, the Federal Reserve said on Wednesday, and Fed Chair Jerome Powell said it is on track for stron...

UN finds hundreds of millions of women living lives ‘governed by others’

UN finds hundreds of millions of women living lives ‘governed by others’

FE ONLINE DESK 2021-04-14 19:58:32

Nearly half of all women are denied their bodily autonomy, according to data from 57 countries, UNFPA’s flagship report announced on Wednesday. The 2021 State of World Population report, titled...

EU to borrow around 150 billion euros every year for recovery fund

EU to borrow around 150 billion euros every year for recovery fund

REUTERS 2021-04-14 17:23:13

The European Commission plans to borrow around 150 billion euros annually until 2026 to finance the bloc’s unprecedented plan to make its economy greener and more digitalised, making it the bigg...

EU regulators set July 27 deadline for decision on Aon, Willis deal

EU regulators set July 27 deadline for decision on Aon, Willis deal

Reuters 2021-04-14 14:41:23

European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on We...

Insurance broker Aon's EU concessions for $30b Willis bid may not be enough

Insurance broker Aon's EU concessions for $30b Willis bid may not be enough

Reuters 2021-04-14 08:41:53

Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people fam...

Asian markets cautious ahead of US earnings and inflation data

Asian markets cautious ahead of US earnings and inflation data

Reuters 2021-04-13 08:18:56

Asia share markets were cautious on Tuesday after US markets weakened as investors anticipated the start of corporate earnings seasons and the release of key inflation data to indicate how the global...

US economy at an 'inflection point': Powell

US economy at an 'inflection point': Powell

-- 2021-04-12 11:43:47

The US economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but also risks if a hasty reopening leads to a continued increas...

Microsoft in talks to buy AI firm Nuance Communications for 16b

Microsoft in talks to buy AI firm Nuance Communications for 16b

Reuters 2021-04-12 09:15:10

Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, according to a source familiar with the matter. The pr...

Investors keep faith in US value stocks as tech roars back

Investors keep faith in US value stocks as tech roars back

-- 2021-04-10 12:08:25

A rebound in growth and technology stocks has investors gauging whether a months-long rally in the shares of banks, energy companies and other economically sensitive names is running on empty or simpl...

S&P 500, Dow hit records

S&P 500, Dow hit records

Reuters 2021-04-10 08:59:16

The S&P 500 and the Dow rose on Friday to close at record highs, posting a third straight weekly rise partly on a lift from growth stocks, with a late-day rally building gains ahead of quarterly e...

IMF, WB to unveil 'green debt swaps' option by November

IMF, WB to unveil 'green debt swaps' option by November

-- 2021-04-09 14:18:57

Green debt swaps have the potential to spur accelerated action on climate change in developing countries, the head of the International Monetary Fund said on Thursday, pledging to present an option fo...

A taxing question for multinationals leaves stocks unscathed

A taxing question for multinationals leaves stocks unscathed

-- 2021-04-09 14:09:01

A global minimum corporate tax rate could deal a major blow to the multinationals which some governments allege shift billions of dollars in profits every year to low-tax havens, as well as triggering...

Global economy recovering from pandemic: IMF steering committee

Global economy recovering from pandemic: IMF steering committee

Reuters 2021-04-09 10:22:54

International Monetary Fund’s steering committee on Thursday said the global economy is recovering faster than expected from the Covid-19 crisis, but warned that a spike in interest rates could...

Myanmar crisis sounds death knell for garment industry, jobs, hope

Myanmar crisis sounds death knell for garment industry, jobs, hope

REUTERS 2021-04-08 19:46:01

Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers. Business had been struggling because of the COVID-19 pan...

IMF worried about middle-income countries with weaker fundamentals

IMF worried about middle-income countries with weaker fundamentals

Reuters 2021-04-08 09:47:32

The head of the International Monetary Fund on Wednesday said she would discuss with IMF members whether they back offering low- and no-interest financing to middle-income countries hit hard by the pa...

Net zero transition topped agenda in G7 talks

Net zero transition topped agenda in G7 talks

Reuters 2021-04-07 12:16:37

Top economic policymakers from the Group of Seven (G7) industrialised countries talked on Tuesday about how they will reform their economies to achieve their net zero emissions targets, this year&rsqu...

US job openings jump to two-year high

US job openings jump to two-year high

Reuters 2021-04-07 09:55:49

US job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased Covid-19 vaccinations and additional pandemic aid from the government boost c...