Crisis-hit Sri Lanka's inflation hit an eleventh consecutive monthly record in August, official data showed on Wednesday, rising to 64.3 percent as the International Monetary Fund extended bailout talks by one more day.. The CCPI figures were released hours after the IMF said it had extended by a day official-level talks with the Sri Lankan government on a possible bailout.
Canada's economy accelerated in the second quarter of 2022, benefitting from higher commodity prices after emerging from pandemic lockdowns to post annualized growth of 3.3 percent, the government statistical agency said Wednesday.. Quarter to quarter, the economy grew 0.8 percent.
The independent US senator Bernie Sanders on Wednesday gave his backing to striking British railway workers, adding an international dimension to the growing push for higher wages in the UK. The influential progressive lawmaker was slated to join members of the RMT union at a rally for transport workers in London on Wednesday night.. - 'Summer of discontent' - On Wednesday, the TSSA union representing transport and travel sector workers, announced a 24-hour strike by train drivers on September 26-27.
Britain on Wednesday banned an advertisement from consumer goods group Unilever over "misleading" environmental claims for its laundry detergent brand Persil.. The Advertising Standards Authority (ASA) said the television advert, which claimed Persil was "kinder to our planet", had failed to demonstrate environmental benefits.
A post-pandemic rebound saw India's economy grow 13.5 percent in the June quarter, official figures showed Wednesday, but inflation and other headwinds signal a looming slowdown in Asia's third-largest economy.. But Wednesday's result is lower than the 16.2 percent forecast by India's central bank, and other economists expect headwinds to buffet the economy and dampen growth into the next year.
Russia's default on its international debt was fully acknowledged Wednesday by a little-known panel of financial firms when they set a date for the procedure to compensate insured investors.. But as Western ratings agencies were no longer able to rate Russian debt under Western sanctions, an official determination on whether Russia had defaulted and therefore payment of insurance claims could go forward, fell to the CDDC. Based in London, the CDDC is made up of 15 leading banks and financial firms that field requests from investors who want to know whether a missed debt payment constitutes a "credit event".
The eurozone inflation rate hit a new record in August, official data showed on Wednesday, increasing pressure on the European Central Bank to hike rates to tame Ukraine war-fuelled prices.. Economist Jack Allen-Reynolds of Capital Economics warned that the eurozone inflation rate could hit 10 percent by the end of the year, even if the bank hikes rates.
Shares in Chinese electric carmaker BYD plunged on Wednesday after its largest backer, Warren Buffett's Berkshire Hathaway, reduced its stake amid speculation of a potential exit.. Berkshire first bought 225 million BYD shares in 2008 and has been the biggest stakeholder in the company, now China's largest EV manufacturer and a major rival to Tesla.
A Mexican woman whose links to drug traffickers earned her the nickname "Queen of the Pacific" is demanding compensation from Netflix for an award-winning show that she says is based on her life.. "La Reina del Sur" is based on the novel with the same name by Spanish writer Arturo Perez-Reverte about a Mexican woman with links to drug lords.
In the heart of Bethlehem, in the occupied West Bank, Palestinians with learning disabilities are front and centre at a new boutique hotel welcoming guests from across the globe.. Around five percent of Palestinians in the West Bank have a learning or physical disability, the Palestinian Central Bureau of Statistics estimates.
