Browsing: Business

In a desperate attempt to stay in power and survive the current market and political turmoil gripping the country, British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday and scrapped parts of their economic package. In

The International Monetary Fund has stated that most Asian central banks must tighten monetary policy further. This is because rising commodity prices and their currencies’ depreciation, driven by steady U.S. interest rate hikes, contribute to inflation exceeding their targets. China

The first three quarters of 2022 saw DP World expand its network by more than 23,000 nautical miles, equivalent to a complete circumnavigation of the globe. The newly-established routes – connecting the Americas, Europe, Asia and the Middle East –

The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, has welcomed the creation of a new Food Shock Window in order to help countries address food insecurity in the future. “A new Food Shock Window has been

India’s priorities as incoming President of the Group of Twenty (G-20) will be inclusive, equitable, and sustainable growth, LiFE (Lifestyle For Environment), women’s empowerment, and the development of digital public infrastructure, according to the Indian Ministry of External Affairs. According

The World Intellectual Property Organization has ranked India 40th in its Global Innovation Index. It is an impressive leap of 41 places in seven years. Prime Minister Narendra Modi stated in a tweet that innovation is a buzzword in India.

Amazon Inc has announced that its warehouse and transportation workers will receive an average starting wage of more than $19 per hour, a significant increase in pay from the previous hourly rate of $18. A wage hike would help the

In the three months following the implementation of a bilateral Comprehensive Economic Partnership Agreement (CEPA), India’s non-oil exports to the UAE increased five-fold compared with India’s non-petroleum exports worldwide. Last night, the Indian Ministry of Commerce and Industry released the

The share price of Volkswagen hovered around breakeven on Monday, reflecting a mixed response from investors to the automaker’s plans to list sports car brand Porsche AG in what could be Europe’s third biggest IPO. According to Reuters, Volkswagen wants

Annual inflation in the euro area increased from 8.9% in July to 9.1% in August 2022. The rate was 3.0% a year earlier. In August 2022, the annual inflation rate in the European Union was 10.1%, up from 9.8% in