Following concerns that its decision to limit wheat exports could worsen the global food supply situation in the aftermath of the Ukraine war, India has defended its decision to import a ban on export of the grain.   "If everyone starts to impose export restrictions... that would worsen the...

Fearing that local authorities may impose a restriction on the sale of the wheat outside the nation, global traders are increasing their purchases of Indian rice, according to Reuters, which cited sources. The Indian government had previously imposed a similar ban on the export of wheat. In...

The European Union has established a duty-free system for Ukrainian goods that will last until June 5, 2023. This is stated in the official gazette of the European Union. "This regime takes effect the next day after it is published in the EU's official gazette. It will remain in effect until June...

Citigroup Inc Chief Executive Jane Fraser said on Friday that Europe was more likely than the United States to enter a recession, joining other major bank CEOs this week in warning about the global economy's health.   Fraser, the CEO of the third-largest and most globally focused bank in the...

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...