Article content CAIRO — Any agreements by Egypt’s government to purchase Indian wheat will not be affected by an export ban announced by New Delhi, Egypt’s supply minister said on Sunday. “For India, we are talking with them on the basis of a government agreement. The ban exempts governments including the government of Egypt,” minister […]
Article content India’s Adani Group acquired a controlling stake in Holcim AG’s cement businesses in India in a $10.5 billion deal to become the second biggest cement producer in the country, Adani Group said in a statement on Sunday. Asia’s richest person Gautam Adani’s conglomerate acquired 63.19% of Ambuja Cements Ltd and its subsidiary ACC […]
Article content (Bloomberg) — Olaf Scholz’s Social Democratic Party lost a regional election for the second straight week, suffering a fresh blow amid wavering support for the German chancellor’s Ukraine policy. The Christian Democrats, the main opposition party at the national level, was projected to take 35% of the vote in North Rhine-Westphalia on Sunday, […]
Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Craig Stirling Publishing date: May 14, 2022 • 18 minutes ago • 6 minute read • Join the conversation Article content (Bloomberg) — Group of Seven finance chiefs are set to make their biggest appraisal yet of how the world has changed since the start […]
Article content Goldman Sachs Group Inc will allow its partners and managing directors to take as much time off as they want under a new “flexible vacation” scheme to promote “rest and recharge,” The Telegraph reported https://www.telegraph.co.uk/business/2022/05/14/take-many-days-like-goldman-sachs-tells-bosses on Saturday, citing an internal memo. The Wall Street bank memo said that, as of May 1, there […]
Article content HAVANA — Cuba´s ailing economy has begun to recover in some sectors after two years of pandemic-induced contraction but soaring global prices for food and fuel require “audacious” measures to tame inflation, economy minister Alejandro Gil told Cuban lawmakers on Saturday. Gil said Cuba saw a 38% increase in exports in the first […]
Article content (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The European Union cut its prediction for 2022 euro-area growth and almost doubled its estimate for inflation, according to new draft projections. In the first forecast since the outbreak of war in Ukraine, the European Commission will say gross […]
Article content BERLIN — NATO will find a sensible solution to accept Finland and Sweden as new members to the alliance despite Turkish concerns, Latvian Foreign Minister Edgar Rinkevics said on Saturday. “We have had those discussions in the alliance many times before. I think that we have always found sensible solutions and that we […]
Article content Pfizer Inc said on Friday that COVID-19 vaccines to be delivered to the European Union in June through August as part of its supply agreement would now be delivered in September through the fourth quarter. The amendment to the delivery schedule was made as part of an agreement with the European Commission. (Reporting […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Anisha Sircar Article content A gauge for Latin American currencies rose on Friday as the dollar dipped, clawing back some gains in a volatile week marred by risk-off sentiment on global growth fears, while Mexico’s peso strengthened after its central bank hiked interest […]