Page 910 - Reuters

Global share markets slump as retailer warnings fuel stagflation fears

By Marc Jones

India's power grid creaks under hybrid work model, intense heatwave

India has traditionally seen peak demand late in the evening when people head back home but that has shifted to mid-afternoon when temperatures are hottest, govt data shows

Biden to meet leaders of Finland, Sweden on NATO expansion before Asia tour

Hours before his first trip to Asia as president, Biden will sit down with Swedish Prime Minister Magdalena Andersson and Finnish President Sauli Niinist

Russia to send oil rejected by Europe to Asia, other regions: Dy PM Novak

The European Commission on Wednesday unveiled a 210 billion euro ($220 billion) plan for Europe to end its reliance on Russian fossil fuels by 2027

JPMorgan downgrades India's IT sector performance as pandemic boom fades

The brokerage expects the slowdown to worsen in 2023 partly due to a potential decline in orders from the key market of United States, where economic growth has started to weaken

Crypto-loving S Koreans bet on Luna rising from ashes, worrying regulator

Reckoning they have little to lose with prices so ridiculously low, South Korean speculators in recent days have piled into Luna, a cryptocurrency that lost 99.99% of its value last week

India signs deals to export 8.5 MT sugar in 2021/22, says trade body

Mills have already dispatched around 7.1 million tonnes since the start of the marketing year on Oct. 1, the Indian Sugar Mills Association (ISMA) said

Explained: Why India is facing its worst power crisis in over six years?

India is facing its worst power crisis in over six years as a heatwave bakes vast swathes of South Asia, causing widespread power outages

Some in Shanghai allowed out to shop; end of Covid lockdown in sight

Officials are wary of the danger of new flare-ups of infection in their high-stakes effort to gradually re-open and are planning to keep most residents largely indoors this month

China's zero-Covid policy dashes global hopes for quick return to normal

Calculations based on International Monetary Fund projections show China's expected average annual contribution to global economic growth through to 2027 at about 29%

New Zealand government forecasts narrower budget deficit for FY22

Heavy spending was targeted towards infrastructure, including new schools, and defence, while funds were also allocated to ease the impact of global inflation on New Zealanders

Sri Lanka central bank keeps key rates unchanged amid debt crisis

The Standing Lending Facility rate remained unchanged at 14.50% while the Standing Deposit Facility Rate was steady at 13.50%.

Japan's trade gap widens as import costs surge on supply pressures

The mixed data on Thursday followed the yen's falls to two-decade-lows against the dollar earlier this month, which stoked fears of worsening terms of trade

Oil prices recover from early losses as global supply fears linger

Oil prices rose on Thursday, recovering from early losses, as lingering fears over tight global supplies outweighed fears over slower economic growth as highlighted by slumping global shares.

EU lays plan to end by 2027 bloc's reliance on Russian oil and gas

The EU got 22 per cent of its gross final energy consumption from renewable sources like wind, solar and biomass in 2020

Oil rates fall 2% as US refiners ramp up output, equities retreat

By Arathy Somasekhar

World's oceans at most acidic level in 26,000 years, says climate report

The water bodies absorb around 90% of the Earth's accumulated heat and 23% of the carbon dioxide emissions from human activity.

Nasdaq, S&P 500 drop 3% as growth stocks' rally wanes; Target slumps

The Nasdaq 100 fell the most among major benchmarks as growth-related tech stocks sank. Megacaps Apple Inc., Microsoft Corp. and Amazon.com Inc. fell more than 3%

'Huge' pressure for Shanghai to stay Covid-free as lockdown end nears

Despite no new cases, authorities are not lifting the lockdown immediately, instead gradually easing restrictions until the start of next month

Gold's lustre dulls as dollar rates rebound, rate hike fears loom

By Ashitha Shivaprasad