Page 911 - Reuters

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

India, world's biggest buyer of Russian arms, looks to diversify suppliers

India aims to produce as much as half its defence equipment at home, a senior government official said on condition of anonymity

Saudi wealth fund takes 5% Nintendo stake, adds to video games push

The investment in the Kyoto-based group company was made for investment purposes, a filing said.

India warns of fuel-supply cuts to utilities if coal imports delayed

Most state-run utilities are debt-laden and will have to import more coal to fire their power plants due to reduced local supply

India to press ahead with strict cybersec rules despite industry concerns

By Munsif Vengattil and Aditya Kalra

Traders must fulfill domestic cotton, yarn demand before exports: Goyal

The minister's comments came after textile mills in Tamil Nadu, a leading exporter of garments, went on a two-day strike earlier this week demanding a ban on exports

Small investors lose faith and savings in cryptocurrencies after sell-off

Cryptocurrencies are subject to patchy regulation across the world, with traders of bitcoin and the panoply of smaller tokens typically unprotected against price slumps

Oil prices rise on China demand recovery expectations, supply concerns

By Rowena Edwards

Gold prices near 14-week lows as dollar rises, Fed chief hardens stance

By Bharat Gautam