World Economy

CEO Action Group renewed its commitment to a 55 per cent emissions reduction target by 2030

"I would say at 3.6 per cent there is a buffer," she said, conceding, however, that risks are uneven around the world

Although Piketty favours much higher income tax rates, policies that redistribute property rather than income are the heart of his programme

The IMF says that in the early days of the pandemic in 2020, the GVC-intensive trade collapsed but rebounded very quickly showing remarkable resilience.

All things considered, might it have been better and cheaper, shed less blood, and avoided a huge refugee problem if Russia had been allowed a buffer zone in Eastern Europe, wonders T N Ninan

Former Pakistan PM Imran Khan lost power after he lost a no-confidence vote on the issues of inflation and the worsening economic situation of the country

The bank cited the additional burden on the budget put by the last-ditch energy subsidies by the outgoing Imran Khan government

Sri Lanka's dollar bonds due July 2022 fell 1.8 cents on the dollar on Tuesday to a record low 46.07 cents. The rupee lost 0.5%.

Sri Lankans will celebrate Sinhala and Tamil New Year on April 13 and 14. This is one of the biggest festivals in Sri Lanka.

Sri Lanka's external debt servicing obligations were thought to be over $6 billion.

Gross domestic product increased just 0.1% from a month earlier, down from the 0.8% growth reported in January, the Office for National Statistics said Monday.

The consumers in the island nation said that rice prices have risen to unbearable levels

The government prioritized servicing external debt rather than ensuring it could provide for its people

Possible next steps could be the appointment of a new prime minister replacing the president's elder brother, Mahinda Rajapaksa, or snap parliamentary elections much ahead of a scheduled vote in 2025.

India, which historically kept its huge wheat harvests at home - thanks to a government-set price - is jumping into the export market, hawking record amounts across Asia

Survey respondents expressed the belief that three main issues were making inflation harder to control: supply chain issues, the persistence of the pandemic and high government spending.

The country is witnessing protests over the government's handling of the worst economic crisis in decades.

This statement comes as the island nation is facing a foreign exchange shortage which has led to a food, fuel, power, and gas shortage

A flurry of factors, such as the pandemic, lockdowns, civil unrest, war, excess monetary and fiscal stimulus and broken supply chains have resulted in epic inflation, BofA analysts said

Nikkei newspaper reports the government will likely tap 5.5 trillion yen ($45.41 billion) in reserves set aside under the fiscal 2022 budget.