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EU diplomats suspend talks on capping Russian oil prices as divisions stick

Poland and the Baltic nations are outraged at a proposal to cap Russian oil prices at $65 per barrel limit, as the level is above the rates Moscow sells crude now

Rishi Sunak's plea for patience leaves him under attack from all sides

Chancellor of the Exchequer Jeremy Hunt is working on a raft of policies aimed at boosting the UK's lackluster growth and bringing people back into the labor market, the officials said

17 people and a dog between Ukraine's neighbour and blackout: Report

Backed by a staff of 17, acting Energocom general director Victor Binzari and his two sidekicks have been scrambling to find new sources of power since mid-October

China plans to build its first moon base powered by nuclear energy by 2028

China plans to build its first base on the moon by 2028, ahead of landing astronauts there in subsequent years as the country steps up its challenge to NASA's dominance in space exploration

Jaguar Land Rover cuts UK production on chip shortages: Report

The loss-making manufacturer, owned by India's Tata Motors, will cut production of the Range Rover Velar and Jaguar F-Pace models that are made in Solihull

India considers selling small stakes in its mammoth coal, zinc miners

The government is looking to sell 5%-10% in Coal India Ltd, Hindustan Zinc Ltd, Rashtriya Chemicals and Fertilizers Ltd via the so-called offer-for-sale mechanism

FM Sitharaman seeks to shrink budget deficit as global headwinds loom

A longstanding plan aims to shrink the shortfall to below 4.5% of GDP by 2025-26

RBI MPC blames global factors for high inflation in letter to Centre

The war in Ukraine and resultant spurts in energy and food costs, and supply disruptions caused by the pandemic are among main reasons cited by RBI for high inflation

Global funds may invest $25 bn a year in Indian infra, says Ambit Capital

Ambit Capital MD Rahul Mody cited investment infrastructure trusts, known as InvITs, as a type of vehicle that has attracted global funds

Korea thought it was ready for Covid, now it's eyeing the next threat

South Korea had one of the world's lowest Covid fatality rates, with the third-fewest deaths per 100,000 people out of the 38 members of the Organisation for Economic Co-operation and Development

Bangladesh seen on track to be a $1 trillion economy by 2040: BCG report

With average annual growth of 6.4% between 2016 and 2021, the South Asian nation has outpaced peers such as India, Indonesia, Vietnam, the Philippines and Thailand

Delayed reopening may hit China's GDP growth rate by 1 point: Oxford report

If China pushes back its economic reopening to the first half of 2024, an anticipated recovery in private consumption will be delayed, says the report

ICBC leads big banks to offer $179 bn aid to China's real estate developers

China's priority has been to ensure that unfinished homes get completed, while supporting the stronger firms that have so far survived the crisis

Gautam Adani's $5 bn bet aimed at silencing debt-obsessed critics

Gautam Adani is seeking legitimacy in the face of questions about his group's breakneck expansion from a traditional port operator to a sprawling empire

Brazil misses out on Fifa world cup betting. What's India's wager?

Will President-elect Luiz Inacio Lula da Silva end the country's decades-long ban on games of chance?

Global economic growth to be as weak next year as 2009, forecasts IIF

The world economy will be as weak next year as it was in 2009 after the financial crisis as the conflict in Ukraine risks becoming a "forever war," the Institute of International Finance said

Covid surge in Beijing triggers panic buying, lockdown-like restrictions

The case increase, which has escalated from under 100 infections a day a fortnight ago, is leading to stepped-up controls in Beijing, a city of 22 million

JPMorgan, Deutsche Bank sued by Epstein accusers in New York: Report

JPMorgan was accused in the suit of "financially benefiting from participating" in the alleged sex trafficking through providing financial support from 1998 to August 2013

Twitter loses entire Brussels office after Musk's hardcore working culture

The small office of six employees was cut to two in recent weeks following Elon Musk's dramatic culling of staff, according to people with knowledge of the exits

China to ramp up monetary stimulus as growth outlook darkens amid lockdown

The State Council said in a statement Wednesday that monetary tools "such as a RRR cut" will be used "in a timely and appropriate manner" to maintain reasonably ample liquidity