India's Central Bank Hikes Intrest Rate by 50 bps to Curb Inflation
India’s central bank raised the key interest rate for a second straight month and pledged to withdraw the pandemic-era accommodation as it steps up its fight to tame prices that [...]
EU Countries Agree to Single Charger Standard, In Blow To Apple
European officials on Tuesday agreed to the text of a proposed law imposing a standard charger for smartphones, tablets and laptops sold in the bloc, in a blow to Apple. [...]World Bank Slashes 2022 Global Growth Forecast to 2.9%
The World Bank on Tuesday slashed its global growth forecast and warned that many countries could fall into recession as the economy slips into a period of stagflation reminiscent of [...]Thailand's Inflation Jumps to Near 14-Year High in May on Soaring Oil Prices.
Thailand's headline inflation rose at a much faster pace than expected in May, hitting a high of nearly 14 years on soaring energy prices and the end of some government [...]Sri Lanka's Inflation Hits a Record High of 39% in May Amidst Tax Hikes
Sri Lanka’s headline inflation surged to a record in May amid continuing food and fuel shortages as the country struggles to lift itself out of its worst economic crisis. Consumer [...]Oil Prices Jump after EU Leaders Agree to Ban Russian Importers
Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year. During Asia hours on Tuesday, U.S. crude futures for [...]Germany's Inflation Hits New High of 7.9% in May
Germany’s annual inflation rate climbed to a new record of 7.9% in May, up from 7.4% in April, according to a report by Bloomberg. Germany's consumer prices increased to 8.7% [...]Oil Prices Hit Highest in 2 months as Shanghai Eases Lockdown Restrictions
Oil prices climbed on Monday, hitting their highest in more than two months, as traders waited to see if the European Union would reach an agreement on banning Russian oil [...]IFC and PFG to Support Growth-Stage Firms in Emerging Markets
IFC, the lending arm of the World Bank, has partnered with Partners For Growth(PFG), a US-based fund manager, to provide capital to fintechs, software firms and those dealing with e-health [...]
Fintech Firm, Bankingly Raises $11 Million for Expansion into New Markets
Financial technology firm which operates in Kenya, Bankingly, has raised $11 million in equity financing as it seeks to expand in Kenya and regional countries. Investors who took part in [...]
TotalEnergies Buys 50% Stake in U.S. Renewables Company Clearway Energy Group
TotalEnergies said it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group's largest U.S renewables energy acquisition. The French [...]India Imposes Restrictions on Sugar Exports to Cap a Price Surge
India has imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes, a government order said, to prevent a [...]
