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G20 watchdog FSB to propose first global crypto rules in October

Recent turmoil in crypto markets has highlighted their volatility, structural vulnerabilities and increasing links to the wider financial system, the FSB said

Mourners throng Abe's wake as his party secures sombre Japan election win

Ruling coalition increases majority in upper house vote; hundreds pay respects to slain ex-premier at temple

Gold hovers near 9-month low as dollar gains on looming rate hikes

By Arundhati Sarkar

Hit by Covid, EU population shrinks for second year running: Eurostat

According to Eurostat, the population of the 27 countries that make up the bloc fell by close to 172,000 from the previous year and over 656,000 from January 2020

Oil drops as new Omicron subvariant case in Shanghai rattles market

Oil prices fall as fresh Omicron cases in China's Shanghai raises lockdown fears

Euro flirts with parity as Russian gas link enters planned shutdown

Euro rates survived above paity against the dollar over Russian gas prices due to one of the biggest pipeline being shutdown.

Twitter shares slide 6% after Elon Musk's $44-bn deal falls apart

On Monday, Musk took a jab at Twitter's stance, tweeting that the legal battle would lead to the company disclosing information on bots and spam accounts in court

World shares slide ahead of US' inflation data, earnings hurdles

World shares have dropped looking at US' recession according to recent reports

Sri Lankan Central bank governor warns turmoil impedes talks with IMF

'I would like to have a stable political administration, the sooner the better, for us to make progress, mainly on the programmes we are negotiating with the IMF'

Gold prices flat as lofty US dollar smothers appeal amid likely rate hike

Spot gold held its ground at $1,741.84 per ounce at 0531 GMT. U.S. gold futures dipped 0.1% to $1,740.10

As auto industry races to go electric, battery makers eye compact designs

China dominates global EV battery production and companies like Contemporary Amperex Technology Co (CATL) are developing batteries to go farther on a single charge

Australia's Woodside to invest $10 mn in methane recycling firm String Bio

The investment is a part of Woodside's goal to spend $5 billion on new energy and low-carbon services by 2030, in line with a global push for cleaner energy

India's retail inflation likely held steady just above 7% in June: Poll

The July 4-8 Reuters poll of 42 economists showed inflation as measured by the consumer price index (CPI) was steady at an annual 7.03% in June, versus 7.04% in May

June fuel consumption rises 17.9% YoY as demand hits pre-pandemic levels

Consumption of fuel, a proxy for oil demand, totalled 18.67 million tonnes, data from the Indian oil ministry's Petroleum Planning and Analysis Cell showed

Alibaba, Tencent fined in China for not complying with anti-monopoly rules

Chinese market regulator has imposed a fine on the two tech companies as a part of its crackdown on monopolistic practices. It has also released a list of deals that violated the rules

Japan's ruling coalition makes strong election showing after Abe murder

Coalition projected to increase upper house majority; vote seen as bolstering PM's defence, economic plans; election comes after ex-premier assassinated on Friday; final results due Monday

Death and devastation as Russian rockets hit Ukraine apartment block

Ukraine says Russian forces gather in east; Blinken raises concern over China's Russia alignment; Canada returns Russian gas turbine despite Ukraine objections; Zelensky fires several ambassadors

Candidates jostle to replace UK PM Boris Johnson in packed race

Nine candidates have launched campaigns to be next PM; new leader should be in place by Sept. 5, party officer says

Japan ruling party set for strong election showing after Abe killing

Abe's LDP seen gaining from sympathy vote; strong showing would strengthen PM Kishida's rule

How Sri Lanka spiralled into its current economic crisis: An explainer

Analysts say that economic mismanagement by successive governments has weakened Sri Lanka's public finances, leaving national expenditure in excess of income