Russia said Wednesday it was moving to limit the damage from an EU oil ban as its other key energy export, gas, has fallen after President Vladimir Putin sent troops to Ukraine.

Solid growth continued across the United States, even as firms faced an ongoing struggle with a worker shortage and rising prices, although there were some tentative signs the tide may be turning, the Federal Reserve said Wednesday.

Russia has failed to pay $1.9 million of accrued interest on a sovereign bond, a panel of investors said Wednesday, as Moscow faces the risk of its first default in decades.

Ukraine’s wheat harvest is expected to fall by 40 per cent, the Ukrainian Grain Association (UGA) said Wednesday, as the Russian invasion has sent prices soaring and sparked fears of a global food crisis.

Krishna Mandal, the Bangladeshi woman who swam through the Sundarbans and got married to an Indian before being arrested, was produced before a court in West Bengal’s south 24 Parganas district which sent her to a correctional home.

There’s a split emerging in India’s refining sector as private refiners tap cheap Russian crude and boost profits from exports just as domestically focused state refiners get squeezed by high oil costs and government-capped domestic fuel prices.

India’s growth slowed further in the first three months of 2022, the National Statistics Office said Tuesday, with inflation and higher oil prices denting a post-pandemic recovery.

Asia’s factory activity slowed in May as China’s heavy-handed coronavirus curbs continued to disrupt supply chains and dampen demand, adding to woes for some countries in the region that are already struggling with surging raw material prices.

Cash-strapped Sri Lanka’s main seaport unveiled a free bicycle service on Tuesday, allowing workers to navigate the facility without petrol-powered vehicles, as the island nation struggles with unprecedented fuel shortages.

For Oleg Kechin, owner of a chain of barbershops, forecasts that Russia will be plunged into its deepest economic crisis in a generation feel overdone.

China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how provincial governments implement them.

Eurozone inflation accelerated to another record high in May, data showed Tuesday, as the war in Ukraine stoked energy and food prices and threatened to flatline the economy.

Chattogram Port Authority (CPA) has aggravated shipping agents, directing that container vessels irrespective of carrying capacities from today must sail out from the port jetties within 48 hours on completing unloading and loading of containers. 

India's economic growth slowed to the lowest in a year in the first three months of 2022, hit byweakening consumer demand amid soaring prices that could make the central bank's task of taming inflation without harming growth more difficult.

Despite collecting lakhs of crores of taka in revenue, every time the government falls short of fund to finance the whole budget and has to take crores of taka in loan from local and foreign sources.

British International Investment (BII) has embarked on an ambitious plan of lending $450 million to Bangladesh over the next five years, finding that the country has a stable government and policy support for private sector development.

Russia is considering settling pressing Eurobond obligations by applying the mechanism being used to process payments for its gas in roubles, the Kremlin and the finance minister said, as Moscow edges towards a default triggered by Western sanctions.

Russia’s invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.

Iran’s energy export revenue is 60 per cent higher in the first two months of the Iranian year (March 21 to May 21) compared to the same period a year ago, an official from the Iranian oil ministry told the ministry’s SHANA news agency on Sunday.

The rouble firmed sharply in volatile trade on the Moscow Exchange on Monday, reversing some of last week’s heavy losses as it retained support from capital controls and Russia’s strong trade account.