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China lockdowns, war risk derailing global jobs recovery, says ILO

China accounted for 86% of the dip in working hours due to containment measures to stop the spread of Covid, according to the report

Duty hike to hurt 90,000 tn of exports monthly: ArcelorMittal Nippon Steel

ArcelorMittal Nippon Steel India Ltd expects about 90,000 tonnes of steel exports every month to be hit by government's duty increase, alongside a dampening effect on fresh investments

PM Modi, SoftBank's Son discuss more investments after big tech bets

Prime Minister Narendra Modi and SoftBank Group founder Masayoshi Son met on Monday to discuss more investments by the country's biggest tech backer

Asia stocks stifled by inflation, rising interest rates and China concerns

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3% as the region's major markets traded in the red. Oil rose and gold extended its recent gains

Oil prices at $110/barrel pose 'bigger threats' than inflation: Puri

Oil minister Hardeep Singh Puri said oil prices staying at $110/barrel could pose bigger threats than inflation to the global economy.

Oil prices firm on weak dollar, tight supply as US driving season looms

"Oil prices are supported as gasoline markets remain tight amid solid demand heading into the peak U.S. driving season," said SPI Asset Management Managing Partner Stephen Innes

Mahindra & Mahindra to explore more partnerships for EV parts: CEO

Mahindra last week signed a partnership agreement with Volkswagen in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker.

Top mining, steel groups warn of adverse impact from export duty hikes

The increase in export taxes on iron ore, announced by the government over the weekend, will lead to large surpluses at home, and mainly hit producers of low grade ores that depend on overseas markets

Govt likely to stick to fiscal deficit target, says RBI Governor Das

Shaktikanta Das says RBI wants to raise rates in the next few MPC meetings, at least at the next one in June

Mahindra to explore partnership options for electric vehicle parts

Mahindra last week signed a partnership agreement with Volkswagen in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker

Japan asks varsities to scrutinise foreign students, prevent leaks to China

A string of US arrests of Chinese academics in recent years over suspicion of spying was a wake-up call for Japan, officials say

Anthony Albanese-led Australian govt takes charge: What you need to know

Australian financial markets offered a muted reaction to the election, with the outcome already priced in and no radical change in economic course expected

US fully committed to Japan's defence: Biden hails 'good friend' Kishida

President Joe Biden assured his "good friend" Prime Minister Fumio Kishida of Japan on Monday that the United States is fully committed to Japan's defence

US Prez Biden meets Japanese Emperor ahead of Quad meeting in Tokyo

Biden's call on the Emperor will be followed by talks with Japanese Prime Minister Fumio Kishida in which the two nations are expected to discuss Japan's plans to expand its military capabilities

Ukraine, Poland agree on joint customs control to ease border movement

Most Ukrainian refugees fleeing the war, have crossed to the European Union through border points in Poland, Slovakia, Hungary and Romania

Russian soldiers start clearing mines from Ukraine's Azovstal steel mill

Soldiers walked through the compound and swung mine detectors over roads littered with debris, while others checked under objects for the explosive devices, video footage showed

Oil prices rise as US driving season looms; Shanghai mulls Covid unlock

Brent crude futures rose 82 cents to $113.37 a barrel at 0126 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 69 cents

Gold prices touch to over one-week high as dollar starts on back foot

Prices hit their highest since May 12 at $1,853.55 earlier in the session.

Azeri and Armenian leaders agree on peace plan for Nagorno-Karabakh

European Council President Charles Michel held bilateral talks with both Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan

US, 6 others say they support APEC, Thailand after Russian invasion protest

Representatives of seven nations, including those who walked out of APEC meeting in Bangkok to protest Russia's invasion of Ukraine, said they support the organization and host nation Thailand