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Top StoriesWorld Bank’s Private Arm Launches $2 Billion Program to Help Ukrainian Businesses
Top StoriesOil Falls on Fears of Global Recession, China Covid Flare-Up
Top StoriesIMF Should Issue New Reserves to Help Countries Tackle Overlapping Crises – Groups
Top StoriesMobile School Offers Hope to Nomad Children in Chad
Modi Says India Aims to Become Developed Nation in 25 Years
Date: August 15, 2022
By Manoj Kumar NEW DELHI (Reuters) – India will aim to become a developed nation within 25 years, Prime Minister Narendra Modi said in a national day address on Monday, with policies to support domestic production in power, defence and digital technology. Speaking from the 17th century Red Fort in Delhi as India celebrates its...
Exclusive-US and Taliban Make Progress on Afghan Reserves, but Big Gaps Remain
Date: July 26, 2022
By Charlotte Greenfield and Jonathan Landay KABUL/WASHINGTON (Reuters) – U.S. and Taliban officials have exchanged proposals for the release of billions of dollars from Afghan central bank reserves held abroad into a trust fund, three sources familiar with the talks said, offering a hint of progress in efforts to ease Afghanistan’s economic crisis. Significant differences...
Doctors, Bankers Protest ‘impossible Situation’ as Sri Lanka Runs Out of Fuel
Date: June 29, 2022
By Uditha Jayasinghe COLOMBO (Reuters) -Doctors and bankers were among hundreds of Sri Lankans who marched on Wednesday to demand the government resolve a severe fuel shortage at the heart of the Indian Ocean island’s worst economic crisis in decades or step down. Weeks of street demonstrations against cascading woes such as power cuts and...
Air Freight Demand Begins to Wane Amid Global Economic Shocks
Date: June 20, 2022
DUBAI (Reuters) – The strong air cargo demand that has helped passenger-deprived airlines stay afloat over the past two years is showing signs of softening amid decades-high inflation that is pushing up costs. The Baltic Air Freight Index, which shows weekly transactional rates for general cargo, fell 8.7% last week, while the airlines group IATA...
Ukraine and Russia: What You Need to Know Right Now
Date: June 8, 2022
(Reuters) – Ukraine’s army was holding out against a Russian assault in the city of Sievierodonetsk, its general staff said on Wednesday, while Russian troops were bringing more resources to the Donbas in a battle for control of the region. FIGHTING * Ukrainian forces may have to pull back to stronger positions in Sievierodonetsk but...
Soccer-Ukraine Beat Scotland to Keep World Cup Dream Alive
Date: June 2, 2022
By Simon Evans GLASGOW, Scotland (Reuters) -Ukraine kept alive their dream of reaching the World Cup finals by beating Scotland 3-1 in their playoff at Hampden Park on Wednesday in their first game since the Russian invasion of their country. Ukraine will now face Wales on Sunday in Cardiff with the winner taking a place...