Buoyed by high oil prices, the bosses of the biggest explorers this week laid out a vision for the energy transition that hinges on more fossil-fuel investment rather than less. The World Petroleum Congress in Houston, an industry showcase, saw last-minute cancellations due to the Omicron variant, but it didn’t […]

Citing inflation developments and further improvement in the labor market, the Federal Reserve on Wednesday announced its widely expected decision to accelerate the pace of reductions to its asset purchases program. The Fed said it has decided to reduce the monthly pace of its net asset purchases by $30 billion […]

Federal Reserve officials have intensified their battle against the hottest inflation in a generation by shifting to an earlier end of their asset-buying program and signalling they favour raising interest rates in 2022 at a faster pace than economists were expecting. Heralding one of the most hawkish policy pivots in […]

‘Demand outlook upbeat going into 2022 on easing COVID impact, reopening’ India’s fuel consumption fell in November after scaling a seven-month peak in the preceding month, government data showed, as demand eased in the world’s third-biggest oil consumer after the festival season. Fuel consumption, a proxy for oil demand, totalled […]

A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much less than expected in the month of November. The report said non-farm payroll employment rose by 210,000 jobs in November after surging by an upwardly revised 546,000 jobs in October. Economists […]

Germany’s economic confidence weakened in December as supply bottlenecks continue to weigh on production and retail sales, survey results from the ZEW – Leibniz Centre for European Economic Research showed on Tuesday. The ZEW Indicator of Economic Sentiment fell 1.8 points to 29.9 in December. Nonetheless, the score remained above […]

Fund likely to downgrade global economic projections as new virus variant could ‘dent confidence’ Global economic growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina Georgieva said on Friday. “A new variant that […]

CGST refers to Central Goods and Services Tax, SGST (State Goods and Service Tax) and IGST (Integrated Goods and Services Tax) Goods and Services Tax (GST) collections jumped to over ₹1.31 lakh crore in November, the second highest since its implementation in July 2017, in line with the trend in […]

Eurozone inflation accelerated more than expected to a record high in November driven by higher energy prices, flash estimate from Eurostat showed on Tuesday. Annual inflation advanced to 4.9 percent in November from 4.1 percent in October. The rate was above the expected level of 4.5 percent. Likewise, core inflation […]

One of the darker arts of politics involves manoeuvring to ensure that election campaigns focus on issues that favour my side over yours, regardless of whether these are the issues most likely to be pertinent to the nation’s needs over the next three years. Because the pollies believe us all […]