Economic slowdown: China’s premier has called on the country’s richest provinces to offer economic support to boost pro-growth measures. The country saw consumption and output unexpectedly slow down in July. “A sense of urgency must be strengthened to consolidate the foundation for economic recovery,” Premier Li Keqiang said. An uncompromising zero-Covid approach sharply slowed China’s […]
Economy
UAE provides 30 tons of food supplies to Afghanistan
DUBAI: Amid the deteriorating humanitarian situation in Afghanistan, the UAE has provided 30 tons of food supplies to the troubled country. The aircraft carrying the food materials arrived in Kabul on Monday. Taliban spokesperson Zabiullah Mujahid said the aid will be distributed to vulnerable people through government institutions, news source reported. Mujahid also called on […]
Sri Lanka Crisis: Police fired on protesters in Sri Lanka, one killed, 10 injured
Sri Lanka Crisis: India’s neighboring country Sri Lanka is in serious economic crisis. Here the police is using heavy force to suppress the protest. The President of the country has agreed that due to his mistakes, such a big crisis has arisen in the country. Story HighlightsThe deepening economic crisis in Sri LankaThe country has […]
Europe Sets 2027 Deadline to End Reliance on Russian Oil and Gas
London (CNN Business) – Europe has given itself just five years to break its addiction to Russian oil and gas. European Commission President Ursula von der Leyen said Friday that EU leaders had agreed to spend the next two months drafting proposals for eliminating the bloc’s dependency on Russian energy imports by 2027. “By mid-May, […]
Russia-Ukraine Conflict: Moody’s Says Global Oil, Natural Gas Prices May See Sharp Rise
Global oil and liquified natural gas (LNG) costs are likely to determine a sharp rise in the event of a Russia-Ukraine conflict, that would have negative implications for net energy importers, Moody’s Investors Service said on Wednesday. Moody’s Investors Service Managing Director Michael Taylor said trade effects are possible to arise from import diversion and […]