Sri Lanka is urging farmers to increase rice production as the country faces its worst economic crisis in more than 70 years. The country’s agriculture minister issued the appeal, claiming that the country’s “food situation is deteriorating.” It comes as… Read More ›
Economy & Finance
Oil Prices Climb As The EU Reduces Russian Imports
Oil prices have reached new highs after European Union leaders agreed to prohibit more than two-thirds of Russian oil imports. On Tuesday, Brent crude surpassed $123 a barrel for the first time in two months. Oil and gas prices have… Read More ›
EU Has Agreed To A Progressive Russian Oil Embargo, With Hungary Granted Exemptions
Leaders of the European Union have come to a consensus to impose a ban on importing of Russian crude oil and the latest decision would come into effect by the end of the current year. The decision would however exempt, for the time being, pipeline shipments Hungary… Read More ›
Abrdn CEO Predicts Indian And Chinese Stock Markets Might Quadruple By 2050
According to Abrdn CEO Stephen Bird, stock market capitalisation in India and China might quadruple by 2050 as Asia moves from “laggard to leader” in the climate transition. Bird commended the economic revolution that has lifted more than a billion… Read More ›
Apple’s Upcoming iPhone and iPad Software Will Include Numerous Significant Upgrades
With its future software releases, iOS 16 and iPadOS 16, which the firm is scheduled to announce during its WWDC 2022 developer conference on June 6, Apple is reportedly introducing a plethora of new updates to iPhones and iPads. According… Read More ›
EU leaders agree in principle to Russian oil embargo
On Tuesday, EU leaders have “in principle” reached an agreement to ban oil imports from Russia, said European Commission chief Ursula von der Leyen. “I am very glad that the leaders were able to agree in principle on the sixth… Read More ›
Foxconn expects stable supply chain from third quarter
On Tuesday, Foxconn, the world’s largest contract chipmaker, said it expects the second half of this year to be “in a better direction” since COVD-19 lockdown appears to be easing in Shanghai. “We are quite confident in the stability of… Read More ›
Serbia signs 3 year LNG supply deal with Russia
In a statement Serbian President Aleksandar Vucic said, Belgrade will be signing a new three-year gas supply contract with Russia. “I can not speak about the price now, all details will be agreed with Gazprom,” said Vucic while adding, that… Read More ›
EU Unity on Russian sanction starting to crumble: German Economy Minister
In a statement German Economy Minister Robert Habeck expressed concerns over the European Union’s unity on Russia, saying he is seeing signs that they are “starting to crumble”. Habeck made the comments ahead of a summit to discuss an oil… Read More ›
Google wants to join India open e-commerce network ONDC
According to two sources familiar with the matter at hand, Alphabet Inc’s Google is in talks with the Indian government to integrate its shopping services with the country’s open e-commerce network ONDC. In late April, India launched its Open Network for… Read More ›