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Axiata seeks 66pc stake in Indonesia's Link Net

Axiata seeks 66pc stake in Indonesia's Link Net

REUTERS 2021-07-30 18:48:17

Malaysian telecoms group Axiata Group Bhd is exploring a deal to acquire an equity holding of almost two-thirds of Indonesia's PT Link Net Tbk shares, it said in a stock exchange filing on Friday. Th...

IFAD projects helped 123m rural people across the globe in 2020

IFAD projects helped 123m rural people across the globe in 2020

FE ONLINE REPORT 2021-07-29 19:54:08

The UN's International Fund for Agricultural Development (IFAD) projects were able to reach 123 million rural people across the globe in 2020 including Bangladesh, says a report published on Thursday....

Bangladeshis among IMF-predicted 80m more hardcore poor worldwide

Bangladeshis among IMF-predicted 80m more hardcore poor worldwide

FE REPORT 2021-07-28 08:20:17

An additional 80-million people of low-income countries, including Bangladesh, are likely to enter into Covid-induced extreme poverty during 2020-21, the International Monetary Fund (IMF) has predic...

Covid 'pingdemic' sharply slows UK’s growth

Covid 'pingdemic' sharply slows UK’s growth

REUTERS 2021-07-24 13:11:59

Britain's rapid economic bounce-back from the Covid-19 pandemic slowed sharply in July as a new wave of cases forced hundreds of thousands of workers to self-isolate under government rules to limit th...

Natural disasters coupled with virus variant threatening global supply chains

Natural disasters coupled with virus variant threatening global supply chains

REUTERS 2021-07-24 11:12:43

A new worldwide wave of Covid-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains towards breaking point,...

IMF increases lending limit by 45pc for low-income countries

IMF increases lending limit by 45pc for low-income countries

FE ONLINE DESK 2021-07-23 17:48:24

The International Monetary Fund (IMF) has increased normal limits on access to concessional financing by 45 per cent to better support low-income countries (LICs) during the COVID-19 pandemic and the...

Delta dims global recovery outlook

Delta dims global recovery outlook

REUTERS 2021-07-21 21:19:59

A drubbing in world equity markets and a huge flight to safety into U.S. Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible any time s...

ADB lowers developing Asia’s economic growth forecast

ADB lowers developing Asia’s economic growth forecast

-- 2021-07-20 15:30:23

The Asian Development Bank (ADB) has marginally lowered its economic growth forecast for developing Asia this year amid the second wave of the pandemic. It projects a 7.2 per cent economic growth for...

Asian shares hit 1-week lows on renewed virus scare

Asian shares hit 1-week lows on renewed virus scare

REUTERS 2021-07-19 12:21:01

Asian shares slipped to a one-week low on Monday and perceived safe haven assets, including the yen and gold, edged higher amid fears of rising inflation and a surge in Covid-19 cases, while oil price...

Italy's exports recover to pre-pandemic levels

Italy's exports recover to pre-pandemic levels

-- 2021-07-17 14:11:18

Italy's exporters have recovered to pre-pandemic levels, according to two reports jointly released on Friday by the country's National Institute of Statistics (ISTAT) and the Italian Trade Agency (ICE...

World hunger, malnutrition levels worsen dramatically: UN report

World hunger, malnutrition levels worsen dramatically: UN report

REUTERS 2021-07-12 20:03:00

World hunger and malnutrition levels worsened dramatically last year, with most of the increase likely due to the COVID-19 pandemic, according to a multi-agency United Nations (UN) report published on...

Hunger kills 11, COVID-19 kills 7 per minute, Oxfam report says

Hunger kills 11, COVID-19 kills 7 per minute, Oxfam report says

-- 2021-07-09 18:48:33

Eleven people die every minute of hunger, according to a new report by Oxfam, which also found the number of those facing famine-like conditions globally has increased by six times over the past year....

US set to add more Chinese companies to economic blacklist

US set to add more Chinese companies to economic blacklist

Reuters 2021-07-09 14:53:33

The Biden administration is set as early as Friday to add at least 10 more Chinese companies and other entities to its economic blacklist over alleged human rights abuses and high-tech surveillance in...

Disrupted food systems in South Asia led to resilience building policies   

Disrupted food systems in South Asia led to resilience building policies  

UNB 2021-07-08 18:17:29

The severe health and economic impacts of the COVID-19 pandemic have disrupted food systems and upended livelihoods in South Asia, but it has also led to policies aimed at building resilient food syst...

Vaccination leads to faster than expected EU economic recovery

Vaccination leads to faster than expected EU economic recovery

-- 2021-07-08 15:03:25

The European economy is recovering better than previously expected, thanks to the roll-out of vaccination campaigns and effective containment measures, said European Commissioner for Economy Paolo Gen...

Indian tycoons face off in race to green energy domination

Indian tycoons face off in race to green energy domination

Reuters 2021-07-08 14:19:00

Indian tycoon Mukesh Ambani's $10 billion entry into renewable energy could drive solar tariffs further to the ground and ignite bidding wars with fellow billionaire Gautam Adani, industry analysts sa...

Indonesia's forex reserves climb to $137.1 billion in June

Indonesia's forex reserves climb to $137.1 billion in June

-- 2021-07-07 12:35:29

Indonesia's foreign exchange reverses rose slightly to 137.1 billion US dollars in June following the issuance of the Government Global Sukuk and tax and services receipts, Executive Director of the C...

Rural India sinks deeper into debt as pandemic wipes out work

Rural India sinks deeper into debt as pandemic wipes out work

REUTERS 2021-07-06 12:54:01

Asha Devi doesn't remember how many meals she has skipped as she struggles to feed her family of seven in a remote corner of northern India where the novel coronavirus is compounding old problems of r...

Amazon, Tata raise concerns about India's e-commerce rules

Amazon, Tata raise concerns about India's e-commerce rules

-- 2021-07-04 10:23:31

Amazon.com Inc and India's Tata Group have warned government officials that the plans for tougher rules for online retailers would have a major impact on their business models, four sources familiar w...

130 countries support global minimum tax of 15pc

130 countries support global minimum tax of 15pc

-- 2021-07-02 09:44:57

Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15 per cent, they...

Canada's real GDP contracted 0.3pc in April

Canada's real GDP contracted 0.3pc in April

-- 2021-07-01 13:01:37

Canada's real gross domestic product (GDP) shrank 0.3 per cent in April 2021, according to Statistics Canada on Wednesday. The total value of all the goods and services produced in Canada's economy s...

International tourism may not fully rebound until 2023: UN Report

International tourism may not fully rebound until 2023: UN Report

Reuters 2021-06-30 12:09:02

International tourism arrivals are set to stagnate this year, except in some Western markets, causing up to $2.4 trillion in losses, a UN study said on Wednesday, adding the sector is not expected to...

European Union to invest €200b in green projects

European Union to invest €200b in green projects

-- 2021-06-26 15:28:07

The countries of the European Union (EU) will invest at least 200 billion euros in green projects when they help the economies recover from the COVID-19 pandemic, European Commission President Ursula...

World Bank approves $400m loan to Philippines

World Bank approves $400m loan to Philippines

-- 2021-06-25 12:41:04

The World Bank has approved a 400- million-US dollars loan to support reforms that will assist the Philippine government in achieving a resilient financial sector and help ensure a more inclusive reco...

41.0m people worldwide at imminent risk of famine, WFP warns

41.0m people worldwide at imminent risk of famine, WFP warns

-- 2021-06-23 16:42:49

Some 41 million people worldwide are at imminent risk of famine, the United Nations World Food Programme (WFP) warned on Tuesday, saying soaring prices for basic foods were compounding existing pressu...

World Bank lowers Malaysia's growth forecast to 4.5pc

World Bank lowers Malaysia's growth forecast to 4.5pc

-- 2021-06-23 14:32:57

The World Bank has revised down Malaysia's growth projection this year to 4.5 per cent from 6.0 per cent earlier, as the ongoing pandemic and movement restrictions will affect Malaysia's economy in th...

How India’s economy lost its shine in seven years of Modi govt

How India’s economy lost its shine in seven years of Modi govt

-- 2021-06-22 13:08:54

Narendra Modi stormed India's political stage with grand promises - of more jobs, prosperity and less red tape. His thumping mandate - in 2014 and again in 2019 - raised hopes of big bang reforms...

Israel allows agricultural, textile exports from Gaza

Israel allows agricultural, textile exports from Gaza

-- 2021-06-21 15:33:55

Israel allowed a limited resumption of commercial exports from the Gaza Strip on Monday in what it called a "conditional" measure one month after a truce halted 11 days of fighting with the Palestinia...

Global FDI plunges by 35 pc due to pandemic

Global FDI plunges by 35 pc due to pandemic

ASJADUL KIBRIA 2021-06-21 11:00:11

Covid-19 has taken a heavy toll on the global foreign direct investment (FDI) flows which dropped by 35 per cent in the last year. As a result, global FDI came down to below US$ 1.0 trillion level aft...

UNCTAD to release global FDI report today

UNCTAD to release global FDI report today

FE Online Report 2021-06-21 08:36:50

The United Nations Conference on Trade and Development (UNCTAD) will release its annual report on global foreign direct investment (FDI) on Monday (June 21). UNCTAD’s World Investment Report (W...