Economy

Economy News

India-EU FTA talks: Next round at Brussels in Sept, says ComMin

India and the 27-nation bloc resumed negotiations on June 17, after a gap of over eight years, on the proposed agreements on trade, investments and Geographical Indications (GI). The first.

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Volvo Cars to build $1.25 billion EV plant in Slovakia

OSLO (Reuters) -Volvo Car Group will invest 1.2 billion euros ($1.25 billion) to build an electric vehicle plant in Slovakia as part of its expansion plans, the Sweden-based automaker said.

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Another inflation record firms case for bigger ECB rate hikes

FRANKFURT (Reuters) – Euro zone inflation hit yet another record high in June as price pressures broadened, and its peak could still be months away, firming the case for rapid.

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Chipmakers drag European equities lower ahead of inflation data

By Devik Jain (Reuters) -European shares fell on Friday, with semiconductor stocks leading the slide following tepid outlook from U.S. memory-chip firm Micron Technology (NASDAQ:MU), while investors awaited euro zone.

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GST collections up 56% to Rs 1.44 lakh crore in June: FM Nirmala Sitharaman

Sitharaman said Rs 1.4 lakh crore is the “rough bottom line” now for GST collections. The Goods and Services Tax (GST) revenue in June rose to Rs 1.44 lakh crore,.

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Amid price pressure, India’s manufacturing sector activity eases to nine-month low in June

The June PMI data pointed to an improvement in overall operating conditions for the twelfth straight month. In PMI parlance, a print above 50 means expansion while a score below.

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Asia’s factories feeble despite China bounce, feeds global recession fears

By Leika Kihara TOKYO (Reuters) -Asia’s manufacturing activity stalled in June as many companies were hit by supply disruptions caused by China’s strict COVID-19 lockdowns, while sharp economic slowdown risks.

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Analysis-Japan widens FX watch to include risk of yen spike as U.S. recession fears mount

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japanese policymakers worried about the yen sliding lower are increasingly also having to watch out for it rebounding, officials told Reuters,.

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Indonesia central bank in no rush to hike rates as inflation hits 5-yr high

By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s central bank is in no rush to hike interest rates, its governor said on Friday, even as June consumer prices.

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Some IMF staff work ‘unduly influenced’ despite strong safeguards – report

WASHINGTON (Reuters) – Nearly 20% of International Monetary Fund staff say their work has been “unduly influenced” by supervisors, according to an internal survey released on Thursday as part of.

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