Global Economy

Global Economy

Covid-19 loss of $44b is 3rd largest catastrophe cost to insurers

Insured losses of $44 billion from Covid-19 so far represent the third largest cost to insurers of any catastrophe, behind Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on ...

Covid-19 loss of $44b is 3rd largest catastrophe cost to insurers: Howden

Record cargo shipped through Egypt's Suez Canal last year

Connecting the Red Sea and the Mediterranean, the canal accounts for roughly 10 per cent of global maritime trade and is a source of much-needed foreign currency for Egypt.

Record cargo shipped through Egypt's Suez Canal last year

Top oil producers may freeze output amid Omicron concerns

Major oil producers are due to meet Thursday to decide on output levels from January onwards, which could be frozen as the new Covid variant Omicron sparks turmoil

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, 14 April 2020.

Tel Aviv ranked world's most expensive city

Tel Aviv is the world's most expensive city to live in as soaring inflation has pushed up living costs globally, according to a survey published on Wednesday

In this file photo taken on 18 May, 2021 a general overhead view shows Israel's Mediterranean city of Tel Aviv

Purity or power: India's coal quandary

Thick grey dust hangs in the air and vast chasms are gouged into the land in the Indian coal hub of Singrauli, where giant machines scoop up dirty fuel to power the country's growth while worsening ...

In this file photo taken on 18 November, 2021, a woman along with her child burns coal for domestic use at Singrauli in India's Madhya Pradesh state

Omicron variant raises new fears for pandemic-hit world economy

Just as it was recovering from the body blow of the Covid-19 pandemic, the global economy has taken yet another hit from the Omicron variant of the virus, which has led to a raft of new travel ...

WHO names new Covid variant omicron

Strong tech support could help sell Congress on global tax rules: Yellen

US treasury secretary Janet Yellen said she expected US tech giants to broadly support the reallocation of taxing rights agreed to by nearly 140 countries as part of a broader deal on global taxes, ...

Strong tech support could help sell Congress on global tax rules: Yellen

India's record rice crop brings problem of plenty for farmers juggling protest

Farmers in India are gathering in the largest rice crop in history, which promises record exports, while making sure to keep up their longest-running protest, set to turn a year old next month.

India's record rice crop brings problem of plenty for farmers juggling protest

China's Liu, US treasury's Yellen hold 'candid' call on trade

China's vice premier Liu He held a call with US treasury secretary Janet Yellen Tuesday to discuss trade issues, with both sides highlighting points of concern in their relationship as they try to ...

China's Liu, US treasury's Yellen hold 'candid' call on trade

Saudi Arabia targets net zero emissions by 2060

Saudi Arabia's crown prince said on Saturday that the world's top oil exporter aims to reach "net zero" emissions of greenhouse gases, mostly produced by burning fossil fuels, by 2060 - 10 years ...

Saudi Arabia targets net zero emissions by 2060
Load More