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(Bloomberg) — The Federal Reserve, Bank of England and European Central Bank all conceded that while inflation is cooling in their respective regions, more interest-rate hikes are needed to ensure price stability.Policymakers across the three central banks signaled that they’re nearing peak levels for rates, and those in the US and UK expressed optimism that …
India and Australia have been active trading partners since the beginning of the 18th century. India and Australia enjoy excellent bilateral relations that have undergone positive transformative evolution in recent years. Australia is currently India’s 17th largest trading partner and India is Australia’s 9th largest trading partner. The Economic Cooperation and Trade Agreement (ECTA) with …
Bill Chan had never set foot anywhere in Mexico, let alone the lonely stretch of desert in the north of the country where he abruptly decided to build a $300 million factory. But that seemed a trifling detail amid the pressure to adapt to a swiftly changing global economy.It was January 2022, and Chan’s company, …
Turning points are always difficult to embrace — if this indeed is one. So let’s accept this half-full glass. After a dour few months marked by a proliferation of recession calls, global economic prospects are improving. From China’s unexpectedly quick reopening to optimism that interest rates are close to peaking, there’s been a run of …
Launched in 2005, European Union Emissions Trading System (‘EU ETS’), a long-standing greenhouse gas emissions trading scheme, is a cornerstone of the EU energy policy to battle global warming. The European Commission, in 2020, had approved a set of revitalised policies, collectively named “The European Green Deal”, with a primary objective to curb climate change …
The announcements for tweaking customs duties in certain sectors and measures to support MSMEs will help in boosting domestic manufacturing and the country’s outbound shipments, exporters said on Thursday. Increase in capital investment outlay by 33 per cent to Rs 10 lakh crore, 50 years interest free loan to states to incentivise infrastructure investment, highest-ever …
Industry experts are of the view that there has not been much emphasis on promotion of exports in the Union Budget 2023-2024.Presenting the budget on Wednesday, Finance Minister Nirmala Sitharaman highlighted customs reforms and duty rate changes that could benefit the exports sector. “Customs’ reforms have played a very vital role in domestic capacity creation, …
Container freight rates will keep declining in the current realignment of shipping demand and supply, said the chief executive of Germany’s liner Hapag Lloyd , the world’s number five by transport capacity.”The party is over. We are back to a normal shipping business,” CEO Rolf Habben Jansen told reporters at a briefing late on Tuesday …
Asia’s manufacturers are improving at the start of the year as the region becomes more optimistic about the boost from China’s reopening, while activity in the euro area shows the downturn is softening as cost pressures ease.Factories in Southeast Asia ramped up production and purchasing in January as new orders piled in, data from S&P …
Asian nations counting on offshore wind farms to meet clean energy goals are facing an increasing shortage of ships for installing the massive turbines in the sea.As countries embark on a rapid build-out of wind power in the next decade, builders can’t churn out the support vessels fast enough to keep up, shipping experts say. …