The price will come into effect tomorrow

It decreased by $60 million in a week

The U.S. economy likely grew in the third quarter at its fastest pace of any quarter in nearly two years, again defying dire warnings of a recession, as higher wages from a tight labor market helped to power consumer spending.

Card giant Visa sailed past estimates for fourth-quarter profit on Tuesday as consumers on a post-pandemic travel rebound shrugged off worries of a looming economic slowdown and cost-of-living crisis.

Bank lending across the euro zone came to a near standstill last month, European Central Bank data showed on Wednesday, providing further evidence that the 20-nation bloc was skirting a recession.

The head of the International Monetary Fund (IMF) on Wednesday said the war between Israel and Hamas was another cloud on a horizon with plenty of them, warning that the global economic outlook could worsen.

Vietnam is planning to relax its stock market settlement procedures for foreign investors, a critical measure to convince equity index managers to upgrade the country to emerging market status and attract hundreds of millions of dollars of new investment, sources said.

Oil fell for a fourth day on Wednesday as concerns about slowing European demand offset worries about Middle East supply disruptions stemming from the Israel-Hamas conflict in Gaza.

 The Internatinal Monetary Fund (IMF) is concerned about the tragic loss of lives in the epicenter of the Israel-Gaza war and the destruction and reduction of economic activity, managing director Kristalina Georgieva said at an investment conference on Wednesday.

Bandwidth imports from India have surpassed that from submarine cables due to a surge in internet usage, India’s more attractive pricing and enhanced redundancy, and the saturation of Bangladesh’s existing undersea cables’ capacity.

Global industry could save around $437 billion a year from 2030 via energy efficiency savings and could also achieve big reductions in carbon emissions, a study showed.

Bitcoin rose 6 percent on Tuesday to $35,198, its highest in nearly a year-and-a-half, on mounting speculation that an exchange-traded bitcoin fund is imminent.

Britain’s labour market lost a bit more of its inflationary heat in the three months to August, data from the Office for National Statistics (ONS) showed on Tuesday, potentially helping the Bank of England to keep interest rates on hold next week.

Oil prices were broadly stable on Tuesday following the previous session’s dip after a flurry of economic data from Germany, the wider euro zone and Britain sketched a bearish picture which could weigh on oil demand.

The war between Israel and Hamas could deal a “serious” blow to global economic development, the president of the World Bank told an investor conference in Saudi Arabia on Tuesday.

Tourists from China, India, Russia, Japan, Thailand, Indonesia, and Malaysia will be issued free visas till March 31, 2024

Sri Lanka’s consumer price inflation rate eased to 0.8 percent year-on-year in September from 2.1 percent in August, the statistics department said on Monday.

Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where diplomatic efforts are intensifying in an attempt to contain the conflict between Israel and Hamas.

Chinese and Russian companies attending a regional conference in northeastern China signed a raft of cooperation deals on Monday in sectors ranging from manufacturing and logistics to e-commerce and agriculture, Chinese state media reported.

Chinese e-commerce platforms including JD.com, PDD Holdings’ Pinduoduo and Alibaba’s Taobao are offering big discounts on Apple’s latest iPhone 15, with some going for up to 1,501 yuan ($205.14) below the retail price.