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Eurozone inflation hits another record high as food and energy prices soar
May 31, 2022 08:07Prices in the eurozone touched another record high in May, challenging the European Central Bank's view that gradual interest rate increases from July will be enough to stem the soaring inflation.
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Wheat-laden trucks, ships stranded at Indian port after export ban
May 17, 2022 07:22Hundreds of thousands of tonnes of wheat were stranded at a major port in India on Tuesday after New Delhi's surprise ban on exports over inflation and food security worries.
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Americans of all political affiliations say US' economic conditions are poor: Poll
May 06, 2022 06:10A new poll shows that only less than a quarter of Americans say they believe the state of the economy is somewhat good.
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US trade deficit hits a new record as imports sharply outpace exports
May 04, 2022 11:15The US trade deficit hit a new record of $109.8 billion in March fueled by strong demand for computers, vehicles, and oil, according to a report by the US Census Bureau released on Wednesday.
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Sri Lanka says World Bank agrees to provide $600 million in financial aid
Apr 27, 2022 07:32The World Bank has agreed to provide Sri Lanka with $600 million in financial assistance to help meet payment requirements for essential imports, the Sri Lankan president’s media division said in a statement on Tuesday.
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EU imposes new sanctions on Russia, ramps up arms transfer
Apr 08, 2022 06:40European Union countries have agreed to impose a coal embargo on Russia as part of the fifth round of sanctions against the country over its military operation in Ukraine.
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Peruvians take to the streets again as Castillo apologizes for deaths
Apr 08, 2022 06:36Peruvians took to the streets in northern Peru on Thursday to demonstrate against President Pedro Castillo as the Andean country faces a new political crisis.
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Iran, Russia boosting trade ties amid sanctions
Apr 07, 2022 06:16Business experts from Iran and Russia have met in the Russian capital to discuss and review bilateral ties between Tehran and Moscow.
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Wall Street stocks fall as oil climbs
Mar 24, 2022 00:08US stock indexes fell on Wednesday as oil prices climbed and Adobe shares tumbled on a disappointing forecast, while investors assessed the outlook for US interest rates following calls from Federal Reserve policymakers for bigger increases.
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West’s Russia sanctions expose global oil supply to biggest crisis: IEA
Mar 16, 2022 15:42The International Energy Agency (IEA) says the West’s crippling sanctions on Russia threaten the world with the biggest global oil supply shock in decades.