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The Financial Express

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Indian tycoons face off in race to green energy domination

Indian tycoons face off in race to green energy domination

Reuters 2021-07-08 14:19:00

Indian tycoon Mukesh Ambani's $10 billion entry into renewable energy could drive solar tariffs further to the ground and ignite bidding wars with fellow billionaire Gautam Adani, industry analysts sa...

Indonesia's forex reserves climb to $137.1 billion in June

Indonesia's forex reserves climb to $137.1 billion in June

-- 2021-07-07 12:35:29

Indonesia's foreign exchange reverses rose slightly to 137.1 billion US dollars in June following the issuance of the Government Global Sukuk and tax and services receipts, Executive Director of the C...

Rural India sinks deeper into debt as pandemic wipes out work

Rural India sinks deeper into debt as pandemic wipes out work

REUTERS 2021-07-06 12:54:01

Asha Devi doesn't remember how many meals she has skipped as she struggles to feed her family of seven in a remote corner of northern India where the novel coronavirus is compounding old problems of r...

Amazon, Tata raise concerns about India's e-commerce rules

Amazon, Tata raise concerns about India's e-commerce rules

-- 2021-07-04 10:23:31

Amazon.com Inc and India's Tata Group have warned government officials that the plans for tougher rules for online retailers would have a major impact on their business models, four sources familiar w...

130 countries support global minimum tax of 15pc

130 countries support global minimum tax of 15pc

-- 2021-07-02 09:44:57

Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15 per cent, they...

Canada's real GDP contracted 0.3pc in April

Canada's real GDP contracted 0.3pc in April

-- 2021-07-01 13:01:37

Canada's real gross domestic product (GDP) shrank 0.3 per cent in April 2021, according to Statistics Canada on Wednesday. The total value of all the goods and services produced in Canada's economy s...

International tourism may not fully rebound until 2023: UN Report

International tourism may not fully rebound until 2023: UN Report

Reuters 2021-06-30 12:09:02

International tourism arrivals are set to stagnate this year, except in some Western markets, causing up to $2.4 trillion in losses, a UN study said on Wednesday, adding the sector is not expected to...

European Union to invest €200b in green projects

European Union to invest €200b in green projects

-- 2021-06-26 15:28:07

The countries of the European Union (EU) will invest at least 200 billion euros in green projects when they help the economies recover from the COVID-19 pandemic, European Commission President Ursula...

World Bank approves $400m loan to Philippines

World Bank approves $400m loan to Philippines

-- 2021-06-25 12:41:04

The World Bank has approved a 400- million-US dollars loan to support reforms that will assist the Philippine government in achieving a resilient financial sector and help ensure a more inclusive reco...

41.0m people worldwide at imminent risk of famine, WFP warns

41.0m people worldwide at imminent risk of famine, WFP warns

-- 2021-06-23 16:42:49

Some 41 million people worldwide are at imminent risk of famine, the United Nations World Food Programme (WFP) warned on Tuesday, saying soaring prices for basic foods were compounding existing pressu...

World Bank lowers Malaysia's growth forecast to 4.5pc

World Bank lowers Malaysia's growth forecast to 4.5pc

-- 2021-06-23 14:32:57

The World Bank has revised down Malaysia's growth projection this year to 4.5 per cent from 6.0 per cent earlier, as the ongoing pandemic and movement restrictions will affect Malaysia's economy in th...

How India’s economy lost its shine in seven years of Modi govt

How India’s economy lost its shine in seven years of Modi govt

-- 2021-06-22 13:08:54

Narendra Modi stormed India's political stage with grand promises - of more jobs, prosperity and less red tape. His thumping mandate - in 2014 and again in 2019 - raised hopes of big bang reforms...

Israel allows agricultural, textile exports from Gaza

Israel allows agricultural, textile exports from Gaza

-- 2021-06-21 15:33:55

Israel allowed a limited resumption of commercial exports from the Gaza Strip on Monday in what it called a "conditional" measure one month after a truce halted 11 days of fighting with the Palestinia...

Global FDI plunges by 35 pc due to pandemic

Global FDI plunges by 35 pc due to pandemic

ASJADUL KIBRIA 2021-06-21 11:00:11

Covid-19 has taken a heavy toll on the global foreign direct investment (FDI) flows which dropped by 35 per cent in the last year. As a result, global FDI came down to below US$ 1.0 trillion level aft...

UNCTAD to release global FDI report today

UNCTAD to release global FDI report today

FE Online Report 2021-06-21 08:36:50

The United Nations Conference on Trade and Development (UNCTAD) will release its annual report on global foreign direct investment (FDI) on Monday (June 21). UNCTAD’s World Investment Report (W...

European Union inflation rises to 2.3pc in May

European Union inflation rises to 2.3pc in May

-- 2021-06-18 11:42:19

Annual inflation in the European Union (EU) continued to rise in May, reaching 2.3 per cent, up from 2.0 per cent in April, according to final data issued by the EU's statistical office, Eurostat, on...

Singapore's non-oil domestic exports grow 8.8pc in May

Singapore's non-oil domestic exports grow 8.8pc in May

-- 2021-06-17 12:23:31

Singapore's non-oil domestic exports (NODX) grew by 8.8 per cent year on year in May, compared to the 6.0 per cent rise in April, according to Enterprise Singapore, a government agency, on Thursday....

US budget deficit tops $2tr in first eight months of FY21

US budget deficit tops $2tr in first eight months of FY21

-- 2021-06-11 13:01:16

The U.S. budget deficit soared to 2.1 trillion US dollars during the first eight months of the fiscal year 2021, which ends on Sept. 30, the U.S. Treasury Department has reported. Federal revenue for...

US Senate passes sweeping bill to counter and compete with China

US Senate passes sweeping bill to counter and compete with China

-- 2021-06-09 11:22:43

The US Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology. The desire for a hard line in deali...

India likely to raise vaccine spending to $6 billion this fiscal year

India likely to raise vaccine spending to $6 billion this fiscal year

Reuters 2021-06-08 13:33:59

India may raise spending on Covid-19 shots by over a quarter this fiscal year to up to 450 billion rupees ($6.18 billion) from its budgeted amount, two government sources told Reuters after the prime...

Food prices rise at rapid rate in more than a decade, FAO says

Food prices rise at rapid rate in more than a decade, FAO says

-- 2021-06-04 20:32:03

World food prices rose in May at their fastest monthly rate in more than a decade, posting a 12th consecutive monthly increase to hit their highest level since September 2011, the United Nations food...

Thai parliament passes $99.7b budget bill at first reading

Thai parliament passes $99.7b budget bill at first reading

-- 2021-06-03 11:20:54

Thailand's House of Representatives on Wednesday approved in principle a 3.1 trillion baht (about 99.7 billion US dollars) budget bill for the 2022 fiscal year. Following a three-day debate, governme...

Vietnam's garment export rises 15pc in five months

Vietnam's garment export rises 15pc in five months

-- 2021-06-03 11:09:03

Vietnam raked in over 12.2 billion US dollars from exporting textile and garment between January and May, up 15 per cent against the same period last year, according to the country's General Statistic...

220m people expected to remain unemployed globally this year, ILO says

220m people expected to remain unemployed globally this year, ILO says

-- 2021-06-02 18:23:30

At least 220 million people are expected to remain unemployed globally this year, well above pre-pandemic levels, with a weak labour market recovery exacerbating existing inequalities, the Internation...

Eurozone inflation rate rises to 2pc in May

Eurozone inflation rate rises to 2pc in May

-- 2021-06-02 14:52:29

The Eurozone inflation rate continued to rise in May as the Harmonised Index of Consumer Prices (HICP) reads at two per cent year on year, according to preliminary estimates from Eurostat on Tuesday....

Sri Lanka's headline inflation increases to 4.5pc in May

Sri Lanka's headline inflation increases to 4.5pc in May

-- 2021-06-01 16:06:30

Sri Lanka's year-on-year headline inflation, as measured by the Colombo Consumer Price Index (CCPI), rose to 4.5 per cent in the month of May, local media reported here Tuesday. Data from the Central...

Vietnam posts trade deficit in five months

Vietnam posts trade deficit in five months

-- 2021-05-31 11:11:10

Vietnam posted an estimated two-way trade value of 262.25 billion US dollars in the first five months of this year, up 33.5 per cent year on year, with a trade deficit of $369 million, according to th...

Strong recovery of global trade in goods is there, says WTO

Strong recovery of global trade in goods is there, says WTO

FE Online Desk 2021-05-29 11:33:04

After a steep but brief pandemic-induced decline in the second quarter of last year, global trade in goods is continuing to recover in the current year. The latest World Trade Organization (WTO) Goo...

Chinese companies focus on ASEAN countries for business growth: Report

Chinese companies focus on ASEAN countries for business growth: Report

FE REPORT 2021-05-28 13:51:27

Majority of Chinese companies are focusing on ASEAN (Association of Southeast Asian Nations) region countries for their business growth over the next 12 months. This was revealed by the Standard Char...

Pandemic toll on Indian economy deepens

Pandemic toll on Indian economy deepens

Reuters 2021-05-28 11:57:58

India’s economic outlook has weakened again, albeit slightly, with worst-case scenario forecasts suggesting the toll from the coronavirus pandemic could be much deeper, stoking fears the job cri...