Business

Sri Lanka seeks UN help on food shortages

Cash-strapped Sri Lanka is seeking urgent United Nations help to build a stockpile of essential foods, the prime minister's office…

Global food prices fall again but wheat soars

World food prices fell slightly for the second consecutive month in May but wheat prices rose again as Russia's war…

Oil price rises as OPEC boosts output more than expected

Oil prices rose Thursday even as major crude producers agreed to boost output by more than the usual amount following…

Russian gas exports drop 27 percent in January-May: Gazprom

MOSCOW, Russia (AFP) -- Russia's Gazprom said Wednesday its gas exports to countries outside of the former Soviet Union dropped…

Russian central bank slashes rate to rein in ruble

Russia's central bank cut its key interest rate Thursday following an emergency meeting, as authorities seek to rein in the…

China premier issues warning on Covid-hit economy

by Beiyi SEOW China's premier has sounded an unusually stark warning about the world's second-largest economy, saying it must return…

Asian markets plunge after Wall St battering

  HONG KONG, China (AFP) -- Asian markets posted big early losses Thursday, after Wall Street suffered one of its…

UK inflation jumps to 40-year peak

  by Roland JACKSON Agence France Presse Britain's annual inflation rate surged to a 40-year high last month on rocketing…

Nissan reports first full-year net profit in three years

  TOKYO, Japan (AFP) -- Nissan reported a positive full-year net profit for the first time in three years on…

Saudi Aramco becomes world’s most valuable company

Saudi Aramco on Wednesday dethroned Apple as the world's most valuable company as surging oil prices drove up shares and…

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