Cash-strapped Sri Lanka announced Tuesday it would sell long-term visas to attract desperately needed foreign currency after the island nation ran out of dollars to pay for food and fuel.

Energy prices have surged since the Russian invasion of Ukraine and, along with other commodities, are likely to remain at  “historically high” levels through 2024, endangering economic growth, the World Bank warned Tuesday.

Indonesia is prepared to widen its ban on exports of refined palm olein if it faces domestic shortages of derivatives used in the production of cooking oil, according to details presented at a meeting between government and industry officials.

Europe must act fast to secure supplies of crucial metals required for a green energy transition and its best bet is to recycle, a report said Monday.

Pakistan has sought an increase in the size and duration of its $6 billion International Monetary Fund (IMF) programme, the country’s Finance Minister, Miftah Ismail, said on Monday.

The European Union (EU) and India agreed on Monday to set up a trade and technology council to step up cooperation, as the bloc’s chief held talks with officials in New Delhi who have seen a flurry of top visits since the start of the Ukraine war.

The Russian rouble opened stronger on Monday, firming past 74 against the dollar, helped by tax payments that companies are due to make this week and as the market looked ahead to a central bank rate decision on Friday.

A wave of Covid-19 lockdowns in Shanghai presents the biggest test yet for investors, trading companies and logistics managers trying to follow China’s economy after the government restricted firms from releasing real-time data.

Crisis-hit Sri Lanka’s stock exchange halted again Monday after a nearly 13 per cent plunge, derailing the bourse’s tentative reopening after a two-week break aimed at forestalling a market collapse.

Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia’s surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia’s invasion of Ukraine.

Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia's surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia's invasion of Ukraine.

Luxury sports car maker Ferrari will recall 2,222 cars in China due to a potential fault in its braking systems, China’s market regulator said in a statement on Friday.

Japan’s ruling coalition on Thursday agreed a supplementary budget to support lower-income households and small firms, signalling more spending for the heavily indebted nation as it battles inflationary pressures for the first time in decades.

If the wave of inflation gripping the eurozone doesn’t abate, ECB chief Christine Lagarde said on Friday she sees  “a strong likelihood” that the bank will hike rates before 2022 ends.

Young men on bikes and scooters zip through Cairo, Egypt’s sprawling megalopolis, dodging cars to deliver more than a million orders each day, with little physical or legal protection.

Global stock markets dropped sharply Friday as the latest hawkish commentary from the Federal Reserve sent investors fleeing equities on worries over higher interest rates.

S&P Global Ratings on Friday upgraded Greece’s debt rating to BB+, citing its improving economy even as the country deals with the shocks from the war in Ukraine.

Some Chinese state banks, such as Bank of China and Bank of Communications, will cut deposit rate ceilings on Monday, joining smaller lenders, sources told Reuters. The planned cuts come a week after regulators encouraged smaller banks to lower the ceiling for their deposit rates. The moves will also coincide with China’s reduction in banks’ reserve requirements, effective on Monday.

Britain’s economy is heading for a slowdown, or possibly even a recession, as consumers and businesses are hit by the leap in inflation, higher taxes, rising interest rates and uncertainty caused by the war in Ukraine.

Pakistan’s new finance minister on Friday agreed with IMF recommendations to reduce fuel subsidies and end a business tax amnesty scheme, pledging to pursue structural reforms to boost a crisis-wracked economy.