Berlin, May 24 Reuters Germany39;s 2022 inflation rate will more than double from last year39;s 3.1 as already high energy and food prices are pushed up by the war in Ukraine, the country39;s Chambers of Industry and Commerce DIHK said on Tuesday. DIHK said it now expects the inflation rate to hit 7, after initially […]

LONDON, May 24 Reuters Britain will prioritise the supply of food, goods and energy if railway workers vote to hold widespread strikes in the coming months, transport minister Grant Shapps said on Tuesday. The strike, billed by the rail workers union as the potentially the biggest rail strike in modern history, has been proposed in […]

LONDON, May 24 Reuters Rising borrowing costs and the global fallout of the RussiaUkraine war could see up to 10 of riskier, 39;junk39;rated emerging market countries suffer debt crises this year, analysts at U.S. investment bank JPMorgan have warned. More acute balance of payment pressures and larger fiscal deficits are now compounding problems for heavilyindebted […]

DAVOS, Switzerland, May 24 Reuters Palantir Technologies Inc and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday tracking carbon emissions for the oil, gas, refined metals and concentrates sector. The companies are building a platform for oil majors and other commodities firms to vet the environmental […]

BERLIN, May 24 Reuters The mood among German exporters brightened in May despite supply chain problems looming over industry, according to a survey released on Tuesday. The Ifo institute said its export expectations index rose to 4.5 points after a reading of 3.0 in April but added in a statement that German manufacturers remained cautious […]

BRUSSELS, May 23 Reuters The European Union plans to start jointly buying gas before winter, the bloc39;s energy policy chief said on Monday, as it seeks to cut reliance on Russian fossil fuels and build a buffer against further energy supply shocks. The European Commission, the EU39;s executive arm, last week proposed a plan for […]

COLOMBO, May 24 Reuters Sri Lanka increased fuel prices on Tuesday, a longflagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in the short term. Power and Energy Minister Kanchana Wijesekera said in a message on Twitter that petrol prices […]

India started planning to curb sugar exports in March After higher output f39;cast, India allowed some more exports Traders say exports of 10 mln T to help industry, government NEW DELHIMUMBAI, May 24 Reuters India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices, potentially […]

ACCRA, May 23 Reuters Ghana39;s central bank on Monday raised its main interest rate by 200 basis points to 19 to curb inflationary pressures and promote macroeconomic stability, Governor Ernest Addison said. In March the Bank of Ghana raised its policy rate by 250 basis points to 17 the largest hike in its history to stem […]

ABUJA, May 23 Reuters Nigeria39;s economy grew 3.11 in the first quarter, slower than in the previous three months due to a fall in crude production, an underperformance which hit the rest of the economy, the statistics office said on Monday. It was the sixth consecutive quarter of growth, with the nonoil sector helping the […]