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Global debt levels rose 'substantially' in 2021: World Bank chief

Debt levels among low- and middle-income countries rose sharply in...

More than 50 countries in danger of bankruptcy, UN official warns

More than 50 of the poorest developing countries are in...

Indian debt attractive, but not enough to lure foreign flows just yet : Fund managers

Foreign investors are unlikely to enter the Indian government debt...

Sri Lanka starts its largest port project funded by India's Adani

Sri Lanka's largest port began on Wednesday construction of a...

Buying Russian oil is to India's advantage: Subrahmanyam Jaishankar

India will continue buying Russian oil as it is advantageous...

Sri Lanka's tourism earnings surpass $1b in first 10 months 

Sri Lanka's tourism earnings in the first 10 months this...

China's gas consumption may post first fall in 20 years

China's 2022 natural gas consumption may post the first decline...

Fed delivers big rate hike, signals possible smaller increases ahead

The Federal Reserve on Wednesday raised interest rates by three-quarters...

UAE, US to spur $100b in clean energy projects

The United Arab Emirates and the United States have signed...

Q4 may see stunted jobs growth: ILO

Global employment growth might deteriorate significantly in the final quarter...

COP27 climate summit to test resolve of world battling war, inflation

An international climate summit starting next week in Egypt will...

Loan talks: IMF suggests NPL cut, financial reforms

An International Monetary Fund (IMF) delegation now in lending talks...

Top central bankers fear breaking economy if they raise rates too fast

The world's top central bankers are beginning to fear that...

Bank of England poised to raise rates by most in 33 years

The Bank of England looks set to raise borrowing costs...

How will we know if the US is in recession?

The US economy grew faster than expected in the July-September...

IMF cuts Asia's economic forecasts as China's slowdown bites

The International Monetary Fund cut Asia's economic forecasts on Friday...

Europe likely to see another jumbo interest rate hike

The European Central Bank is set to follow the playbook...

Currency depreciation risk intensifying global food, energy crisis, World Bank says

The shrinking value of the currencies of most developing economies...

Energy prices to decline 11pc in 2023 after 60pc jump in 2022, World Bank projects

The World Bank on Wednesday said it expects energy prices...

Global economy approaching a recession: Reuters poll

The global economy is approaching a recession as economists polled...

Wall Street bankers in Riyadh renew warnings over world economy

Top Wall Street bankers renewed their warnings about the world...

World is in its first truly global energy crisis, IEA chief says

Tightening markets for liquefied natural gas (LNG) worldwide and major...

Japan’s efforts fail to prop up yen against persistent dollar strength

Japanese policymakers on Monday continued efforts to tame sharp yen...