Euro zone consumers see lower inflation ahead

Euro zone consumers in May cut their inflation expectations again for the following 12 months, although they still saw prices growing faster than the European Central Bank (ECB) would like for years to come, a new ECB poll showed on Wednesday.
5 July 2023, 18:00 PM

Why are Opec+ supply cuts failing to boost oil prices?

Opec+, a group comprising the Organization of the Petroleum Exporting Countries and allies including Russia that pumps around 40 per cent of the world’s crude, has been cutting oil output since November in the face of flagging prices.
5 July 2023, 18:00 PM

EU concerned over China export controls

The European Commission expressed concern on Tuesday over China’s planned curbs on exports of strategic metals widely used in the semiconductor industry and doubt that the move was related to security.
4 July 2023, 18:00 PM

Falling exports in May add to German woes

German exports dipped in May after a small rebound in April, official data showed Tuesday, adding to a gloomier outlook for Europe’s biggest economy.
4 July 2023, 18:00 PM

Oil prices go up amid supply cuts

Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against a weak global economic outlook.
4 July 2023, 18:00 PM

UN talks aim to harness AI power, potential

The United Nations is convening this week a global gathering to try to map out the frontiers of artificial intelligence and to harness its potential for empowering humanity.
4 July 2023, 18:00 PM

Oil giants drill deep as profits trump climate concerns

Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives.
3 July 2023, 18:00 PM

EU, Japan to deepen chip cooperation

The European Union (EU) will deepen cooperation with Japan on semiconductors, industry chief Thierry Breton said on Monday, as countries move to strengthen control over a technology vital for the defence, electronic and automotive sectors.
3 July 2023, 18:00 PM

Polluting shipping sector to face climate reckoning

The hefty carbon footprint of global shipping networks that crisscross our oceans and keep the world’s economy afloat will come under scrutiny next week, as countries wrestle over measures to slash planet-heating pollution.
2 July 2023, 18:00 PM

Eurozone inflation falls in June

Eurozone inflation eased further in June as energy prices fell but those of food and drinks remained elevated, official data showed Friday.
2 July 2023, 18:00 PM

150 arrested in French riots over fatal police shooting of teen

Violent protests broke out in France in the early hours of Thursday as anger grows over the police killing of a teenager, with security forces arresting 150 people in the chaos that saw balaclava-clad protesters burning cars and setting off fireworks
29 June 2023, 06:11 AM

Dollar hits 7-month high against yen

The dollar rose to a seven-month high against the yen on Tuesday before paring its gains, with investors on the look-out for possible intervention by Japan to boost the ailing currency.
27 June 2023, 18:00 PM

Germany, France and Italy agree raw materials cooperation

Germany, France and Italy said Monday they would cooperate more closely on the procurement of raw materials as Europe seeks to reduce its reliance on imports from countries such as China.
27 June 2023, 18:00 PM

Germany faces uphill battle to shake off recession

German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that Europe’s largest economy faces an uphill battle to shake off recession.
26 June 2023, 18:00 PM

Companies to get first carbon accounting rules

Companies around the world will soon have a uniform set of standards on sustainability issues after the body governing international accounting rules published on Monday its first guidelines on reporting greenhouse gas emissions.
26 June 2023, 18:00 PM

War dashes exporters’ $1b Russian dream

Bangladesh’s shipment to Russia fell nearly 30 per cent year-on-year to $432 million in July-May of the outgoing financial year owing to the difficulty in supplying goods to a country at war with Ukraine. 
26 June 2023, 00:00 AM

Vietnam’s fruit, vegetable exports to hit $4b this year

Vietnam’s exports of fruits and vegetables are expected to be worth US$4 billion this year.
25 June 2023, 18:00 PM

Ukraine’s financial results better in 2023

Ukraine’s financial results have improved this year, with budget revenues increasing by 45 per cent in May compared to the same period a year ago, Finance Minister Serhiy Marchenko said on Friday.
24 June 2023, 18:00 PM

Eurozone economic growth slows sharply

Eurozone economic activity worsened in June to a five-month low, hit hard by a fall in industrial production, a keenly watched survey showed on Friday.
24 June 2023, 18:00 PM

Vietnam, two others put on money-laundering ‘grey list’

International money-laundering watchdog the Financial Action Task Force announced Friday it had put Cameroon, Croatia and Vietnam on its “grey list” of countries under increased monitoring.
24 June 2023, 18:00 PM