News

A worldwide shortfall in curbing carbon emissions could result in increased debt-servicing costs for 59 countries over the forthcoming decade, as per a study simulating the economic repercussions of climate… read more →

Yellow Corp, an American haulage firm with nearly a century of history, filed for Chapter 11 bankruptcy protection this Sunday. This action came as a result of considerable debt accrued… read more →

A.P. Moller-Maersk, a shipping conglomerate, issued a warning on Friday that the worldwide demand for ocean freight containers might see a sharper fall this year, owing to restrained economic expansion… read more →

In July, British factory production shrank at its swiftest rate in a span of seven months, impacted by rising interest rates and a reduction in new orders. This occurred despite… read more →

India’s edible oil imports in July rose to a record 1.76 million metric tonnes as refiners built up stocks for upcoming festivals, given uncertainty over supplies from the Black Sea,… read more →

The International Finance Corporation (IFC), the private sector wing of the World Bank, has entered into a contract with Switzerland’s government to initiate the next phase of the Sustainable Cities… read more →

The eurozone witnessed a return to growth during the second quarter of 2023, recording an expansion that surpassed expectations, having just about dodged a technical recession at the year’s commencement,… read more →

This week, during a visit to Nigeria, British Foreign Minister James Cleverly will unveil a new support package to enhance the climate resilience of Nigeria’s agriculture sector, his office announced… read more →

Saudi Arabia’s gross domestic product (GDP) grew by 1.1% in the second quarter, according to government estimates released on Monday, bolstered by a rise in non-oil activities, although overall growth… read more →

The Indian rupee depreciated on Monday and appeared set to register a monthly decline due to a central bank that seems reluctant to allow the currency to strengthen significantly. As… read more →

The Export-Import Bank of India is set to augment its investments within a line of credit program endorsed by the government, aimed at funding Indian businesses seeking to tap into… read more →

A new government initiative, the Shipbuilding Credit Guarantee Scheme (SCGS) is aimed at providing financial assistance to ship buyers, enabling them to purchase UK-built vessels and enhance their existing fleet.… read more →

A new report by Neo, a provider of FX and payments services, reveals that SMEs continue to rely heavily on traditional banks for cross-border payments, leading to challenges in terms… read more →

The International Monetary Fund (IMF) has slightly increased its 2023 global growth forecast, citing strong economic performance in the first quarter, but also cautioned about ongoing challenges impacting the long-term… read more →

Oil prices climbed on Monday due to a tightening supply and expectations for economic stimulus in China, which helped Brent oil maintain a price comfortably above $80 a barrel. This… read more →