Category Archives:
Energy, inflation crises risk pushing big economies into recession – OECD
By Leigh Thomas PARIS (Reuters) - Global economic growth is slowing more than was forecast a few months ago in the wake of Russia's invasion of Ukraine, as energy and inflation crises risk snowballing...
Sep 26, 2022
German economy facing recession, Ifo surveys head says
BERLIN (Reuters) - The German economy is facing recession and almost all sectors are in the red, the Ifo surveys head Klaus Wohlrabe told Reuters on Monday. Energy intensive industries are particularl...
Sep 26, 2022
Philippine economy to grow more slowly than previously thought in 2022 -IMF
MANILA (Reuters) - The Philippine economy will grow more slowly this year than previously thought due to the global economic slowdown and tightening financial conditions, the International Monetary Fu...
Sep 26, 2022
UAE firms resisting pay-rise demands as inflation climbs, survey shows
DUBAI (Reuters) - Companies in the United Arab Emirates are largely resisting demands for higher pay to offset the impact of inflation, according to a survey that showed two-thirds of companies have r...
Sep 26, 2022
German business sentiment slumps to lowest level since May 2020
BERLIN (Reuters) -The German economy is heading for recession, the Ifo institute said on Monday, as it reported a drop in business morale not seen since the early stages of the COVID-19 pandemic. The ...
Sep 26, 2022
Google says shared network costs is 10-year-old idea, bad for consumers
By Foo Yun Chee BRUSSELS (Reuters) - Alphabet unit Google on Monday rebuffed a push by European telecoms operators to get Big Tech to help fund network costs, saying it was a 10-year-old idea that was...
Sep 26, 2022
Banks in the euro zone will have to raise provisions to cope with economic slowdown
MADRID (Reuters) - Banks in the euro zone will have to raise provisions to cope with the consequences of the economic slowdown due to the fallout from Russia's war in Ukraine, ECB Vice-president Luis ...
Sep 26, 2022
Spanish industrial prices jump 42% lifted by energy costs
MADRID (Reuters) - Spanish industrial prices accelerated by 41.8% in the 12 months through August ending four months of easing increases, the National Statistics Institute (INE) said on Monday. Indust...
Sep 26, 2022
Explainer-NavIC, India’s home-grown alternative to the GPS navigation system
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) - The Indian government is pushing smartphone makers to enable support for its NavIC navigation system in new devices sold in the country from ...
Sep 26, 2022
Exclusive-India’s push for home-grown navigation system jolts smartphone giants
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) - India is pushing tech giants to make smartphones compatible with its home-grown navigation system within months, worrying the likes of Samsun...
Sep 26, 2022
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