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by Joe JACKSON Agence France-Presse LONDON, United Kingdom (AFP) – Prime Minister Boris Johnson on Tuesday urged foreign investors to buy into post-Brexit Britain as he seeks to power future prosperity on renewable energy and green technology. His government also outlined more detailed plans to reach net-zero carbon emissions by 2050, including a drive towards electric vehicles. The moves are part of a £90 billion ($125 billion, 107-billion-euro) plan that ministers say will support 440,000 […]
SINGAPORE, Singapore (AFP) — Singapore on Tuesday began quarantine-free entry for fully vaccinated passengers from eight countries, part of a plan to ease restrictions as the business hub gears up to live with the coronavirus. The latest easing expanded a programme that began with vaccinated air travel lanes with Germany and Brunei last month, and is now open to passengers from the United States, Canada, Britain, Denmark, France, Italy, Spain and the Netherlands. Singapore Airlines […]
HONG KONG, China (AFP) — Asian markets struggled Monday as inflation concerns returned to the fore, with commodity prices rallying and central banks preparing to roll back their ultra-loose monetary policies. Adding to the grey mood was data showing growth in China’s economy, the world’s second-biggest, slowed further in the third quarter, hit by a property-sector crisis and a looming energy crunch. The losses follow a healthy run-up last week across the world fuelled by […]
by Beiyi SEOW Agence France Presse BEIJING, China (AFP) — China’s economic growth tumbled more than expected in the third quarter, official data showed Monday, as the property sector struggled with tighter policy measures and an energy crisis loomed. After a swift coronavirus bounceback, recovery in the world’s second-biggest economy is losing steam, with gross domestic product growth coming in at 4.9 percent on-year, said the National Bureau of Statistics (NBS), citing an “unstable and […]
BUENOS AIRES, Argentina (AFP) — Argentina’s government on Thursday announced it had reached an agreement with the private sector to freeze prices on more than 1,200 goods in a bid to slow soaring inflation. The country’s statistics institute announced that inflation since January was 37 percent while the figure over the last 12 months was 52.5 percent, one of the highest in the world. “These 1,247 goods with their prices frozen will provide an anchor […]
WASHINGTON, D.C., United States (AFP) – The US Treasury announced Wednesday it will study how climate change is affecting communities and households in the United States. The department’s Financial Literacy and Education Commission will look into “how households, communities, and the smallest businesses experience financial resilience in the face of climate change and climate transition,” Treasury said in a statement. It will also focus on “how to map climate-related financial risks, and identify which groups […]
LONDON, United Kingdom (AFP) — Britain’s economy rebounded in August after the lifting of coronavirus restrictions, but unexpectedly shrank the previous month, official data showed Wednesday. Gross domestic product grew 0.4 percent in August, the first full month since the lifting of Covid curbs, the Office for National Statistics (ONS) said in a statement. “Accommodation and food service activities, and arts, entertainment and recreation contributed most positively to services growth in August 2021, partially offset […]
by Heather SCOTT WASHINGTON, United States (AFP) — Worldwide supply chain disruptions are driving price increases and draining momentum out of economies recovering from the Covid-19 pandemic, the IMF warned on Tuesday. The ongoing hit from the pandemic and the failure to distribute vaccines worldwide is worsening the economic divide and darkening prospects for developing nations, the IMF said in its latest World Economic Outlook. The global economy is expected to grow 5.9 percent this […]
WASHINGTON, United States (AFP) — The United States added 194,000 jobs last month and the unemployment rate fell to 4.8 percent, government data released Friday showed, a mixed result as the world’s largest economy recovers from the pandemic. Fewer jobs were gained than expected but the unemployment rate dropped by more than analysts predicted, with the Labor Department noting employment rising in the leisure and hospitality sector that had been hard hit by Covid-19, but […]
COLOMBO, Sri Lanka (AFP) — The Sri Lankan government on Friday ended price controls on essential foods in a bid to end black market trading as food shortages worsen amid a foreign currency crisis. The cabinet decided to free prices for milk powder, wheat flour, sugar and liquified petroleum gas hoping it would increase supplies. “Prices could go up by as much as 37 percent across the board, but it is hoped dealers will not […]
NEW DELHI, India (AFP) — India is facing possible energy supply problems in the coming months due to coal shortages and a post-pandemic surge in demand, the power minister said in a report published Tuesday. His comments come as China and European countries face energy crises that are disrupting global supply chains and sending prices soaring. “Normally the demand starts coming down in the second half of October… when (the weather) starts cooling,” R. K. […]
MANILA, Philippines (AFP) — The Philippine economy will take more than a decade to return to pre-pandemic growth, an official said Thursday, warning the next two generations of Filipinos would be paying for the cost of Covid-19. Lockdowns and other restrictions aimed at slowing the spread of the coronavirus have shattered the Southeast Asian nation’s economy, throwing millions out of work and leaving many poor families hungry. “Our long run total cost of Covid and […]
