World Economy

Economic sentiment tipped to slump as rate hike looms

Berlin - Stagflation and interest rates fears are expected to have resulted in a raft of key surveys showing a fall in European economic sentiment, lead by a drop in German business confidence with

Surging German factory prices add to interest rate pressures

Berlin  - The prospects grew Friday of the European Central Bank delivering a rate hike next month after new German figures showed soaring energy costs leading to renewed price pressures in Europe'

French economy predicted to slow down significantly

French economy predicted to slow down significantlyPar

Vietnam to increase rice exports to 4.5 million tons this year

Hanoi  - Vietnam has told local rice exporters to boost exports, reversing its decision in March to stop signing new contracts and to cap rice exports this year at 3.5 million tons, officials said

Venezuela to nationalize cement firms

Caracas - Venezuela's nationalization policy has now moved to the cement sector, with a government decree effective Thursday that requires cement plants six months to transfer a 60 per cent stake t

EU plans emergency aid on food, fuel prices

Brussels  - The European Union is to launch emergency aid measures for the EU citizens and industries hit hardest by soaring food and fuel prices, the head of the bloc's executive said Friday.

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