German central bank sees signs of recession 'multiplying'

The German central bank said Monday it was increasingly likely that Europe's largest economy would shrink for a "prolonged" period as Russia throttled energy supplies to the continent.

Indian exports to GCC surge by 44% to $43.9 billion

The two-way trade between the UAE and India stood at $43.3 billion in 2020-21, including Indian exports worth $16.7 billion and imports at $26.7 billion. In 2019-20, the bilateral trade value was $59...

Canadian inflation rate slows to 7.0%, though food prices hit 41-year high

The country's annual inflation rate slowed to 7.0% in August, below analyst forecasts of 7.3% and down from 7.6% in July.

Industrial producer prices rose in July 2022 by four per cent in the euro area and by 3.7 per cent in the EU, compared with June 2022, according...

Publish: 4 Sep 2022 - 19:28

Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024, its boss told AFP on Tuesday, with luxury goods...

Publish: 4 Sep 2022 - 19:28

 Luxury sportscar maker Porsche AG said on Thursday its supervisory board intends to appoint Sajjad Khan, a former chief technology officer at...

Publish: 4 Sep 2022 - 19:27

Volkswagen (VOWG_p.DE) will accelerate its transition towards electric vehicles, but needs to find the right "rhythm" as...

Publish: 4 Sep 2022 - 19:27

Japanese camera maker Nikon Corp on Friday announced plans to take over German 3D metal printing machine maker SLM Solutions Group for 622 million...

Publish: 4 Sep 2022 - 19:27

The International Monetary Fund (IMF) on Thursday announced that it will provide Sri Lanka a loan of about $2.9 billion over a four-year period to...

Publish: 4 Sep 2022 - 19:27

Oil prices inched higher on Thursday, helped by late-day buying in a low-volume session to close out the week.

The market built gains...

Publish: 27 Dec 2020 - 17:15

Russia expects to support an increase in oil production by the group, known as OPEC+, of another 500,000 barrels per day (bpd) from February at...

Publish: 27 Dec 2020 - 17:15

Britain clinched a Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world’s biggest trading blocs...

Publish: 27 Dec 2020 - 17:15

U.S. ecommerce sales jumped 49% in this year’s holiday shopping season, according to Mastercard SpendingPulse report, underscoring the COVID-19...

Publish: 27 Dec 2020 - 17:00

BEIJING: IMF chief Christine Lagarde warned China on Thursday about saddling other countries with a “problematic increase in debt” through its...

Publish: 12 Apr 2018 - 13:07

HONG KONG/SYDNEY: A Chinese investor consortium is buying a majority stake in Australian vitamin company Nature’s Care, in a deal that a source...

Publish: 12 Apr 2018 - 12:15

HONG KONG: The Asian Development Bank lifted its outlook for growth in developing Asia this year thanks to a pick-up in the global export demand...

Publish: 12 Apr 2018 - 12:13

ISTANBUL: Turkey’s current account deficit stood at $4.152 billion in February, official data showed on Wednesday, below a forecast of $4.2...

Publish: 12 Apr 2018 - 12:07

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