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The Financial Express

Search results for: global

Countries eager to reopen borders for tourism

Countries eager to reopen borders for tourism

-- 2021-05-26 15:14:43

Countries reliant on tourism are racing to reopen borders and revive economies decimated by the pandemic. The World Travel & Tourism Council (WTTC) estimates that the sector lost nearly $4.5 tril...

Global climate schemes putting a price on carbon emissions: WB Report

Global climate schemes putting a price on carbon emissions: WB Report

REUTERS 2021-05-25 20:55:22

A World Bank report on Tuesday showed more than a fifth of the world's greenhouse gas emissions are now covered by a price on carbon dioxide (CO2) emissions to help meet climate goals. A carbon cost...

India plans stimulus package to support economic growth

India plans stimulus package to support economic growth

Reuters 2021-05-25 14:18:52

India is preparing an economic stimulus package for the sectors worst affected by COVID-19, Bloomberg reported on Tuesday, citing people familiar with the matter. The finance ministry is working on p...

An open China a boon to global economy

An open China a boon to global economy

-- 2021-05-19 17:41:33

Some 1,300 global brands including Swatch of Switzerland, Swarovski of Austria, Shiseido of Japan, and America's Dell and Tesla gathered at the first China International Consumer Products Expo in Ha...

British inflation rate more than doubles to 1.5pc in April

British inflation rate more than doubles to 1.5pc in April

-- 2021-05-19 15:58:37

British consumer price inflation more than doubled in April at the start of what the Bank of England hopes will be a temporary surge as the economy recovers from last year's COVID slump. Consumer pri...

Japan's economy shrinks 4.6pc in FY 2020

Japan's economy shrinks 4.6pc in FY 2020

-- 2021-05-18 11:28:53

Japan's gross domestic product (GDP) in the fiscal year 2020 shrank 4.6 per cent in real terms, down for the second straight year, government statistics revealed Tuesday. The figure logged the larges...

World Economic Forum cancels 2021’s annual conference

World Economic Forum cancels 2021’s annual conference

REUTERS 2021-05-17 22:30:47

The World Economic Forum (WEF) has cancelled its annual meeting - the blue riband event for the global elite to discuss the world's problems - due to be held in Singapore later this year, the organise...

Thailand's GDP contracts 2.6pc in first quarter

Thailand's GDP contracts 2.6pc in first quarter

-- 2021-05-17 14:50:15

Thailand's economic growth contracted 2.6 per cent from a year earlier in the first quarter of 2021 as continued coronavirus outbreaks dent consumption and the tourism sector, official data showed Mon...

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...

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...