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Toxic gas leak in Jordan leaves 13 dead and hundreds injured

  A leak of toxic chlorine gas at Jordan's Red Sea port of Aqaba has killed 13 people and injured more than 260 others, state media report. Authorities said a chemical storage container fell while being transported as a result of a crane malfunction. CCTV footage showed the conta...

2022-06-28 04:39:11

IMF CRITIQUED FOR DROPPING TOUGH LOAN STANDARDS FOR COVID FUNDS

The International Monetary Fund’s deployment of $818 billion, often without conditions, to help the world deal with the Covid-19 pandemic is spurring concern from some former officials that the institution is abandoning its focus as a hard-nosed lender of last resort for distressed economies.T...

2022-01-09 21:00:00

IMF CRITIQUED FOR DROPPING TOUGH LOAN STANDARDS FOR COVID FUNDS

The International Monetary Fund’s deployment of $818 billion, often without conditions, to help the world deal with the Covid-19 pandemic is spurring concern from some former officials that the institution is abandoning its focus as a hard-nosed lender of last resort for distressed economies.T...

2022-01-09 21:00:00

GLOBAL SHARES HOLD NEAR RECORD PEAK AHEAD OF FED

  The Federal Reserve on Wednesday is expected to detail plans to end its pandemic-era bond purchases by mid-2022 as policymakers shift their focus towards what, if anything, to do about a surge in inflation that is lasting longer than anticipated. U.S. central bankers, in the minutes of thei...

2021-11-03 21:00:00

SUPPLY CHAIN CRISIS RISKS TAKING THE GLOBAL ECONOMY DOWN WITH IT

  Last year the global economy came juddering to a halt. This year it got moving again, only to become stuck in one of history’s biggest traffic jams. New indicators developed by Bloomberg Economics underscore the extremity of the problem, the world’s failure to find a quick fix a...

2021-11-03 21:00:00

THE U.S. FEDERAL RESERVE’S TAKE ON GREENING THE ECONOMY: NOT OUR JOB

  The U.S. Federal Reserve trails other major central banks in tackling climate risk, despite President Joe Biden’s pledge of a “whole-of-government” approach and efforts to salvage his ambitious climate agenda. In recent years, the Federal Reserve has only begun to examine...

2021-11-03 21:00:00

COMMERZBANK EXPECTS 2021 PROFIT AS EUROPE BANKS POST STRONG Q3

  In the midst of a major overhaul, Germany’s Commerzbank on Thursday swung to a better-than-expected third-quarter net profit and forecast a profit for the full year, defying analysts predictions for a 2021 loss. The quarterly results were supported by a decrease in provisions set asid...

2021-11-03 21:00:00

ETHER SCALES $4,600 TO RECORD HIGH, BITCOIN TRAILS

  Ether, the world’s second-largest cryptocurrency, hit an all-time high on Wednesday, catching up with bitcoin’s rally and riding on news of wider blockchain adoption. The ether token, which underpins the ethereum blockchain network, rose to as high as $4,643 in Asian hours, brea...

2021-11-03 21:00:00

CHINA’S ECONOMY FACES NEW DOWNWARD PRESSURE, PREMIER LI SAYS

  China’s economy faces new downward pressures and has to cut taxes and fees to address the problems faced by small and medium-sized companies, according to the country’s Premier Li Keqiang. Li did not specify the extent of the new “downward pressure” or its cause, but...

2021-11-03 21:00:00

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