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Industry groups want G7 nations to align with climate ambitions: Report

A joint statement by B7 members to the G7 was presented by the German Federation of Industry (BDI) on the opening day of a three-day meeting of G7 environment, climate and energy ministers in Berlin

Russia aims for stranglehold of Ukrainian troops around twin eastern cities

Russia is attempting to seize the separatist-claimed Donbas' two provinces, Donetsk and Luhansk, and trap Ukrainian forces in a pocket on the main eastern front

Power ministry seeks 2-year extension on deadline for emission norms

Power ministry has sought a two-year extension from the environment ministry for utilities to install emission cutting equipment, according to a power ministry letter

New Zealand raises interest rates 50 bps, signals more aggressive hikes

New Zealand's central bank raised interest rates by 50 basis points to 2.0% on Wednesday, its fifth rate hike in a row as it seeks to get on top of inflation

Singapore sees GDP at lower end of forecasts amid war, supply chain woes

The Southeast Asian financial hub is often seen as a bellwether for global growth as international trade dwarfs its domestic economy

New Zealand extends troop deployments to Solomon Islands till May 2023

New Zealand deployed troops to the Solomon Islands at the request of the nation's government in late 2021 after rioting broke out in the capital city of Honiara

Oil prices climb on prospects for tighter supply as demand rises

Oil prices rose in early trade on Wednesday, boosted by tight supplies and the prospect of rising demand from the upcoming start of the US summer driving season

India's retirees tap savings, cut down expenses as living costs soar

Sharply rising prices are hitting older people the world over as global supply problems caused by the pandemic -- and made worse by the Ukraine war -- propel food and fuel costs higher

US Treasury official heads to India to discuss Russian oil purchases

Elizabeth Rosenberg, the assistant secretary for Terrorist Financing and Financial Crimes, will visit New Delhi and Mumbai through Thursday, a Treasury spokesperson said

WEF 2022: We'll never go back to office full time, says Credit Suisse CEO

"We are in a soft way trying to encourage people to come back, but it's counterproductive if you push too hard"

Russia says it plans to set up army base in Ukraine's Kherson region

The Kremlin calls the invasion a "special military operation" to disarm Ukraine and rid it of radical anti-Russian nationalists

Russian and Chinese jets patrol East Asia skies, capping Biden's trip

Japan scrambled jets after Russian and Chinese warplanes neared its airspace while Tokyo was hosting leaders of the Quad group of countries, which includes the US, said Defense Minister Nobuo Kishi

Netflix bets on film star-worshipping southern market to power growth

The US company has greenlighted at least six TV shows in southern Indian languages this year, aggressively chasing deals in Tollywood as the Telugu and Tamil film and TV industry is known

Coal India to open big, new mine this year to meet surging power demand

Output from the new Siarmal mine in eastern Odisha state would rise gradually, reaching capacity of 50 million tonnes in about 5 to 7 years, Vinayak Jamwal, Mahanadi Coalfields spokesman said

Govt cuts June domestic coal supply targets to utilities by 11.1%

The power ministry said lower imports were putting pressure on domestic coal supply and resulting in depletion of fuel inventories of power plants

Sri Lanka inflation could top 40%, warns PM Ranil Wickremesinghe

'We have no rupee revenue, and now we have to print another (one) trillion rupees,' he said

Tata Steel says govt's export tax decision could alter output targets

T. V. Narendran, chief executive of India's biggest steelmaker by revenue, said that while Tata Steel understood the inflationary concerns, such measures can hit the steel industry over longer term

Gold gains for 5th straight session as dollar, treasury yields retreat

The greenback hit a one-month low, while U.S. 10-year Treasury yields also edged lower as weakness in equities revived safe-haven demand for the debt

WHO says monkeypox 'containable' as more govts start limited vaccinations

'Let's not make a mountain out of a molehill,' says WHO official; France, Denmark latest to consider target vaccinations

Wall Street drops as economic data, weak forecasts re-ignite slowdown fears

Snap set for worst day on record after profit warning; Abercrombie & Fitch slumps after lowering revenue outlook