Dozens of miles inland from the English Channel, the Seine River port of Rouen is bustling with shipments of wheat, barley and other grains, a boom fuelled by the Russian chokehold on Ukraine's agriculture exports.. Rouen is likely to keep reaping profits if the fighting continues to hinder Ukraine's grain exports.
US Treasury Secretary Janet Yellen said Thursday that sanctions were hurting Russia badly, as she and other G7 finance chiefs gathered to discuss further measures on the eve of the first anniversary of the Ukraine invasion.. The comments came before a meeting of Group of Seven finance ministers in Bengaluru on Thursday to discuss further sanctions and more financial help for Ukraine.
Hong Kong's stock exchange last year saw the fewest new listings in more than a decade, it said Thursday as the city struggles to emerge from pandemic isolation and kickstart an economic recovery.. Before the pandemic, Hong Kong's bourse was often crowned as the top IPO venue in the world, drawing more than 100 new listings annually between 2013 and 2020.
Group of Seven finance ministers were due to discuss on Thursday possible fresh sanctions against Moscow and more support for Ukraine, a day ahead of the first anniversary of the Russian invasion.. Any discussion on Ukraine is awkward for host India, which has not condemned the invasion.
Cash-strapped Sri Lanka on Thursday announced its first major foreign investment since it declared bankruptcy, approving a $442 million wind power project by India's scandal-hit Adani group.. The project comes after Sri Lanka awarded Adani a $700 million strategic port terminal project in Colombo in 2021.
In the dead of night on a bridge in southern China, around two dozen livestreamers sat crooning and chatting into microphones, their identical ring lights spaced a few metres apart in glowing rows.. Livestreaming on apps like Douyin, which said it had 600 million users in 2020, is a popular way to make money in China.
Markets were mixed Thursday, with little buying enthusiasm after minutes from a Federal Reserve policy meeting indicated interest rates will likely keep rising longer than previously feared.. "Almost all participants agreed that it was appropriate to raise the target rate for the federal funds rate 25 basis points at this meeting."
With rents soaring and properties selling fast, the expatriate hub of Dubai is in the throes of a housing boom bolstered by rich emigres that has buoyed investors and burdened tenants.. But the housing boom has made it more expensive for them to live in the city.
The screech of chainsaws echoes through a Bosnian forest edged by snowy peaks, where lumber is to be crafted into high-end furniture to adorn European or South Korean homes.. Eldin Sabeta, head of sales at Standard Furniture Factory -- one of the country's largest exporters, said Bosnian producers have consistently crafted superb products at more affordable prices compared to many competitors.
The World Bank said Wednesday it hopes to find a successor by early May to chief David Malpass, who has announced he will step down nearly a year early.. A week ago, he made a surprise announcement that he would leave his post nearly a year before his term was due to expire in 2024.
