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ENERGY CRISIS
How Robert Hall & Michael Woodward's Nobel-winning insights reshape economic policy in times of crisisCentral banks have established a systematic approach to managing economic crises through coordinated policies. Scholars Robert Hall and Mic...
World Bank warns of 800 million-job gap in next 10 years: How could global employment crisis affect Americans?According to the World Bank, an alarming job crisis looms, with projections of an 800-million-job void worldwide. Ajay Banga, the bank's Pr...
India shields city gas users as Hormuz crisis threatens South Asia's LNG demandIndia has shielded city gas supplies from Middle East LNG disruptions by cutting deliveries to fertiliser plants, refineries and industrial...
Global Market: China stocks fall as global yields, geopolitical tensions weigh on sentimentChinese stocks declined as government support measures failed to restore investor confidence amid rising global bond yields, Middle East te...
Policymakers take on energy shock, rising debt at IMF-World Bank meetingsFinance ministers and central bankers will meet in Bangkok to discuss challenges affecting the global economy this week. The key concerns i...
Gold steady as markets strap in for inflation dataGold prices showed little movement as early Asian trading commenced, with many awaiting US inflation data this week. Spot gold remained ste...
World Bank in talks with 30-40 countries over aid to tackle Middle East energy shockThe World Bank is in talks with numerous countries to address energy price increases stemming from the Middle East crisis. While the global...
Trump’s diesel deal with Putin may be lots of barrels but little bangDonald Trump announced a deal with Vladimir Putin to supply additional Russian diesel amid global fuel shortages. The agreement outlines th...
Rich countries on the debt frontline: How the Iran war is shifting world's risk map by squeezing America, Europe and JapanThe International Monetary Fund confronts increased borrowing costs and record debt levels among developed countries. As inflation rises, g...
Asian countries, including India, must accelerate transition to renewable energyAsian countries including India need to accelerate a just transition to renewable energy and take a stronger lead in shaping the Global Sou...
FM Nirmala Sitharaman meets Singapore President, PM; discuss strengthening bilateral cooperationFinance Minister Nirmala Sitharaman visited Singapore from October 9 to 11 for official discussions. She met President Tharman Shanmugaratn...
World economic growth to slow to 2.6% in 2026, UN trade body saysGlobal economic growth is projected to slow to 2.6% in 2026 amid energy shocks from the Middle East crisis. Trade in goods and services is ...
Billionaire Dan Gilbert and his wife’s foundation committed $10 million in 2022 to a Detroit home-repair fund designed to help more than 1,000 residents fix their homesDan Gilbert and his wife Jennifer’s foundation have pledged $10 million to a $20 million Detroit home repair fund in 2022. The three-year i...
RBI finally gets uppity, takes a hikeIn a proactive move to tackle soaring inflation, the RBI has raised the interest rates by 25 basis points to 5.5%. Despite facing obstacles...
From sleepy village to nuclear hub, Rooppur waits for Bangladesh’s power breakthroughBangladesh is set to activate its first nuclear power plant in Rooppur, which is expected to ease electricity shortages. The project has se...
From just-in-time to just-in-case: oil executives say world needs more export routesThe ongoing disruptions from the Iran conflict are reshaping energy supply chain strategies. TotalEnergies and BP are actively seeking alte...
The sheer energy India brings with itIndia has provided power connections to over 300 million people since 2015 and improved gas supply accessibility. The country has installed...
Global Market: Eurozone energy inflation has yet to spread to broader prices, ECB's Rehn saysEurozone energy inflation has not yet spread broadly to other goods and services, ECB policymaker Olli Rehn said. Rising bond yields may cu...
French bond contagion fears are rattling the euroThe value of the euro has declined significantly as French borrowing costs increase. Concerns are rising among European policymakers regard...
Developing countries hit by overlapping crises, UNDP chief warnsRising energy costs and El Nino conditions are challenging developing countries facing financial distress. Governments are struggling to ma...