global-economic-recovery
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Ukraine Grain Export Coordination Centre Opens in Istanbul
Date: July 27, 2022
By Can Sezer and Orhan Coskun ISTANBUL (Reuters) -Turkish Defence Minister Hulusi Akar on Wednesday unveiled a centre in Istanbul to oversee the export of Ukrainian grains after a landmark U.N. deal last week, with the first shipment expected to depart from Black Sea ports within days. Russia and Ukraine signed the deal, brokered by...
Russia Says West Is Spreading Lies About Causes of World’s Food Crisis
Date: June 22, 2022
LONDON (Reuters) – Russia on Wednesday said the West was spreading lies about the causes of the global food crisis which Moscow said was being stoked by the sanctions imposed on Russia by the United States and European Union due to the invasion of Ukraine. Besides the death and devastation sown by Russia’s invasion, the...
High Fares, Rising Economic Worries Could Weigh on Airline Recovery
Date: June 20, 2022
By Jamie Freed DOHA (Reuters) -Pent-up demand from the pandemic means consumers are weathering high airfares, but as summer ends and inflation and interest rate rises begin to bite, there are growing questions over whether the appetite for travel is sustainable. Global airlines are now expected to post a $9.7 billion loss in 2022, a...
Global Tech on Edge as WTO Weighs E-Commerce Tariffs
Date: June 15, 2022
By Philip Blenkinsop GENEVA (Reuters) – The global technology industry is pressing the World Trade Organization to exempt data flows from cross-border tariffs, saying a failure to do so would undermine a global recovery already threatened by spiralling prices. The WTO’s 164 members will present their views on the topic on Wednesday, the final scheduled...
China Lockdowns, War Risk Derailing Global Jobs Recovery: Ilo
Date: May 23, 2022
BERLIN (Reuters) – The global job market is at risk of doing a U-turn on its path towards recovering to pre-COVID-19 levels as lockdowns in China and the war in Ukraine weigh on economies, the International Labour Organization (ILO) said in a report on Monday. The U.N. agency estimated that there was the equivalent of...
Putin Says Large Russian Grain Harvest to Support Higher Exports
Date: May 12, 2022
(Reuters) – Russia, one of the world’s largest wheat exporters, will increase wheat exports this year due to a potentially record harvest, President Vladimir Putin said on Thursday. Russia competes with the European Union and Ukraine for supplies of wheat to the Middle East and Africa. It continues to export despite difficulties with logistics and...