Following supply shocks and rising prices caused by the crisis in Ukraine, Indian Prime Minister Narendra Modi told US President Joe Biden last week that India was ready to transport food to the rest of the world. India has “enough food” for its 1.4 billion people, according to Modi, and it is “ready to offer…
Poland’s health minister announced on Tuesday that it will not accept or pay for more doses of COVID-19 vaccine under the European Union’s supply contract, laying the groundwork for a legal battle with makers. During the coronavirus pandemic, Poland and other EU members received COVID-19 vaccines under supply contracts negotiated by the European Commission with…
Sri Lanka’s president proclaimed a state of emergency in the island nation on Friday, a day after angry protestors demanded his resignation near his home and as plans were being prepared for a nationwide rally over the country’s worst economic crisis in recent memory. President Gotabaya Rajapaksa used parts of the Public Security Ordinance to…
Germany and Austria have activated emergency plans in the event of a gas supply disruption due to a payment dispute with Russia. From March 31, Russia demanded that “unfriendly” countries pay for its gas in roubles, but the EU, which primarily pays in euros, rejected the proposal. Moscow appeared to soften its stance later, indicating…
As China battles its greatest Covid-19 epidemic since the pandemic began, consumption is expected to be the hardest hurt, while producers find methods to keep producing. Mainland China reported a drop in new confirmed cases for the second day in a row on Wednesday. According to National Health Commission data, the 1,226 new locally transmitted…
According to a leaked Ericsson report acquired by BBC News Arabic, the telecoms operator Ericsson placed contractors’ lives in danger by insisting they continue working in area controlled by the Islamic State [IS] organisation in Iraq. According to the report, this culminated in their kidnapping by IS fighters. Ericsson is one of the world’s largest…
Growth of one of the Asian emerging economies, Thailand, in the fourth quarter was faster than projected, thanks to strong exports and a resurgence in domestic activity following the lifting of coronavirus restrictions and the reopening of borders to foreign tourists. The government kept its economic growth forecast at 3.5 per cent to 4.5 percent, citing…
The planned takeover of SoftBank’s Arm by Nvidia has fallen through due to “significant regulatory challenges,” according to a joint statement released by the two companies on Tuesday. The acquisition was first disclosed in 2020, and it was valued at $40 billion in Nvidia shares and cash at the time. Arm will now prepare for a…
There have already been dozens of cases of a novel Covid subvariant that is even more contagious than the previously highly transmissible omicron variant over nearly half of the United States. According to a global data system that tracks Covid variations, nearly half of US states have confirmed the presence of BA.2, with at least…
Higher energy costs, rising demand, and supply chain concerns drove up consumer prices in December, pushing the UK inflation rate to a 30-year high. Inflation rose to 5.4 per cent on an annual basis, the highest level since March 1992, and up from 5.1 per cent in November, which was also a decade high. Reuters…
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