200,000 risk losing jobs in Moscow over sanctions

Around 200,000 employees of foreign companies in Moscow could lose their jobs due to sanctions over Russia’s military campaign in Ukraine, the city’s mayor said on Monday.
18 April 2022, 18:00 PM

Asian markets slide on inflation, Covid fears

Asian stocks closed lower on Monday in cautious trade, as figures showed China’s economic growth accelerated in the first quarter of the year, but the government warned of  “significant challenges” ahead.
18 April 2022, 18:00 PM

Sri Lanka’s reluctance to tap IMF pushed it into an economic abyss

Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nation of 22 million people struggles with prolonged power cuts and a shortage of essentials, including fuel and medicines.
18 April 2022, 18:00 PM

Sri Lanka fuel prices up ahead of IMF talks

A key fuel retailer in Sri Lanka raised prices by up to 35 per cent on Monday as the cash-strapped government was set to open crucial bailout talks with the International Monetary Fund.
18 April 2022, 18:00 PM

China economy accelerates in Q1

China’s economic growth accelerated in the first quarter of the year to 4.8 per cent, official data showed Monday, but the government warned of  “significant challenges” ahead while massive Covid-19 lockdowns started to bite.
18 April 2022, 18:00 PM

Libya firm announces closure of major oil field

Libya’s National Oil Corporation announced Sunday the closure of production at a major oil field in the country’s south, declaring a “force majeure”.
17 April 2022, 18:00 PM

Sri Lanka halts share trading

Sri Lanka on Saturday announced a five-day share trading halt after the crisis-hit country hiked interest rates and declared a default on its external debt during the traditional New Year holiday, as trade unions and top cricket stars joined protests demanding the president’s resignation.
17 April 2022, 18:00 PM

Tough to find alternative to Russian thermal coal

Alternatives for Russian thermal coal are difficult to find as the market is getting tighter, the head of a group representing Japanese utilities said on Friday.
17 April 2022, 18:00 PM

Lankan bondholders brace for losses in debt restructuring

Some big US banks have again started stockpiling cash to cushion potential loan losses due to growing worries over the war in Ukraine and the impact of inflation on the US economy, although trading continues to be bright spot for Wall Street.
17 April 2022, 18:00 PM

New EU sanctions on Russia to target Sberbank

The European Union’s forthcoming sanctions on Russia will target banks, in particular Sberbank, as well as oil, the head of the European Commission Ursula von der Leyen told a German newspaper.
17 April 2022, 18:00 PM

US banks build reserves on Russia, inflation risks

Some big US banks have again started stockpiling cash to cushion potential loan losses due to growing worries over the war in Ukraine and the impact of inflation on the US economy, although trading continues to be bright spot for Wall Street.
17 April 2022, 18:00 PM

Johnson to talk trade in India next week

UK Prime Minister Boris Johnson is to travel to India next week to discuss trade and security with his counterpart Narendra Modi, who has taken a neutral stance on Russia’s war in Ukraine.
17 April 2022, 18:00 PM

EU embargo on Russian oil, gas will take ‘months’

The EU is working on broadening sanctions on Russia to include oil and gas embargoes but such measures would take  “several months”,European officials told AFP on Friday.
16 April 2022, 18:00 PM

US ties N Korean hacker group to huge cryptocurrency theft

The United States has linked North Korean hackers to the theft of hundreds of millions of dollars’ worth of cryptocurrency tied to the popular online game Axie Infinity, the US Treasury Department said on Thursday.
16 April 2022, 18:00 PM

China’s growth under threat for Covid

The mounting cost of China’s zero-Covid policy threatens to derail Beijing’s ambitious GDP target, analysts say, as supply chains snarl, ports face delays and Shanghai remains mired in lockdown.
16 April 2022, 18:00 PM

Gazprom continues gas exports to Europe

Russian state-owned gas producer Gazprom continued to supply natural gas to Europe via Ukraine on Saturday at the pace of 74.6 million cubic metres per day, in accordance with requests from European consumers, the company said.
16 April 2022, 18:00 PM

Elon Musk’s move to buy Twitter faces roadblocks

Even for the richest person on the planet, buying Twitter was always going to be a challenge –- a highly complex financial transaction now made even trickier by a defensive “poison pill” move from the platform’s board.
16 April 2022, 18:00 PM

Sri Lanka rations fuel

Cash-strapped Sri Lanka imposed fuel rationing on Friday in another worsening of the economic crisis that has sparked widespread demonstrations calling for President Gotabaya Rajapaksa’s resignation.
16 April 2022, 18:00 PM

China’s Covid curbs threaten global supply chain paralysis

China’s race to stop the spread of Covid-19 is clogging highways and ports, stranding workers and shutting countless factories - disruptions that are rippling through global supply chains for goods ranging from electric vehicles to iPhones.
13 April 2022, 18:00 PM

China’s trade with Russia slows

China’s overall trade with Russia rose over 12 per cent in March from a year earlier, slowing from February but still outpacing the growth in China’s total imports and exports, as Beijing slammed Western sanctions on Russia following its invasion of Ukraine.
13 April 2022, 18:00 PM