Mint reported, citing government officials, that India may soon initiate discussions with Russia, Australia, Indonesia, and South Africa to import coal at a subsidized rate as an emergency measure to avert fuel shortages at the country's power plants and develop reserves. "The government is...

A top airline industry official pleaded for calm amid recent travel congestion at several airports as people start flying following the epidemic, blaming the backlog on temporary delays in gaining clearances for new employees.   Long lines have formed at certain British airports, as...

In May, inflation in 19 eurozone countries reached an all-time high of 8.1%, up from 7.4% in April. Energy, which increased by nearly 40% in May, was the main cause of the inflation acceleration. According to preliminary calculations, annual inflation in 19 eurozone countries grew to an all-time...

Inflation in the eurozone jumped to another record high in May, increasing government bond yields as markets interpreted the data as a challenge to the European Central Bank's assumption that gradual interest rate hikes beginning in July will be sufficient to slow fast price growth.  ...

China's lack of expertise with difficult debt restructurings, as well as delayed coordination among its state lenders, is delaying debt relief for Zambia, a test case for the top emerging market creditor, according to reports quoting sources with knowledge of the matter.   Zambia became the...

According to analysts questioned by CNBC, the global economy will have challenges in the next months, but a possibility of a recession is premature and implausible. Higher expenses and slower economic growth are among the biggest issues which the global economy is facing during the next year and a...

Battery metal prices, such as lithium, cobalt, and nickel, are expected to fall over the next two years due to oversupply induced by green energy investors, says Goldman Sachs. According to Bloomberg, prices for three essential battery metals - cobalt, lithium, and nickel - will plummet in the next...

Major U.S. retailers who recently hurried to resupply shelves due to inventory shortages said this week that their stores are again overflowing with merchandise, and some are even discounting unsold items, which was unfathomable only a few months ago.   It's an indication that, in the face...

Energy security has become a primary worry for importers, according to energy executives, as expectations of tighter gas supply and volatile prices in the coming years put buyers on edge and stymie the push toward decarbonisation.   Europe is importing record amounts of liquefied natural gas...