The International Monetary Fund said on Wednesday that rising Covid cases in China and the turmoil in Ukraine represent obstacles for Asia’s growth. “Asia is clearly facing headwinds, both from the war in Ukraine but also from the lingering effects of… Read More ›
As bailout talks began this week, Sri Lanka said it had requested emergency financial assistance from the International Monetary Fund (IMF). Following India’s representations, the international financial organisation will consider offering aid. Meanwhile, a major credit rating firm predicted “a series… Read More ›
The industry had long anticipated the $100 per kilowatt-hour battery cell cost threshold as a sign that electric vehicles had attained price parity with their fossil-fuel counterparts. Economists suggest, however, that with rising gasoline prices and evolving consumer preferences, this… Read More ›
Buyers from all over the world are lining up to buy electric vehicles this year, despite rising sticker prices, reversing a decade and a half of conventional wisdom that EV sales would only take off if battery costs fell below… Read More ›
On Tuesday, in a statement Sri Lanka’s Finance Minister said, Sri Lanka has approached the International Monetary Fund (IMF) for rapid financial assistance. The island nation has been embroiled in a deep financial crisis midst allegation of gross mismanagement of… Read More ›
China’s economy slowed in March as consumption, real estate, and exports all took a hit, putting a damper on faster-than-expected first-quarter growth estimates and weakening an outlook already weakened by COVID-19 restrictions and the Ukraine conflict. The severe new coronavirus rules,… Read More ›
In a statement Tata Steel said, its board, will be meeting on May 3 to consider a proposal to split the stock and recommend a dividend. Tata Steel did not specify the ratio of the stock split, but said, it… Read More ›
According to the World Health Organization, Omicron subvariants BA.4 and BA.5 are circulating at low levels in numerous countries in Southern Africa and Europe. According to WHO’s technical lead on Covid-19 Maria Van Kerkhove, two subvariants of the extremely contagious… Read More ›
Retail sales in the United States grew steadily in March, driven by record-high gasoline prices, but consumers are beginning to feel the effects of rising inflation, with online spending falling for the first time in more than a year. Consumer… Read More ›
In a significant development, Belarus announced a ban on EU registered trucks from entering its territory, said a report from Interfax quoting the transport ministry.
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