China’s consumer prices climb as Covid prompts food stockpiling

China's consumer prices climb as Covid prompts food stockpiling

Fresh vegetable prices rose by 24% year-on-year in April as consumers stocked up to prepare for potential stay-home orders. Pictured here is a delivery driver for Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | dpa | Getty Images BEIJING — China’s consumer and producer prices rose more than expected in … Read more

Open to close after Wall Street sell-off

Open to close after Wall Street sell-off

The pan-European Stoxx 600 fell 1% in early trade, with retail stocks shedding 1.5% to lead losses as almost all sectors and major Bourses slide into negative territory. Oil and gas stocks gained 0.7%. The Dow Jones Industrial Average plunged more than 1,000 points and the Nasdaq Composite fell nearly 5% on Thursday, erasing Wednesday’s … Read more

Orsted moves forward with plans to grow corals on wind turbines

Orsted moves forward with plans to grow corals on wind turbines

Alongside their natural beauty, coral reefs have an important role to play in the natural world. According to the National Oceanic and Atmospheric Administration, around one quarter of the ocean’s fish rely on healthy coral reefs. Reinhard Dirscherl | Ullstein Bild | Getty Images Danish energy firm Orsted plans to try growing corals on the … Read more

LIC, India’s largest-ever IPO, will test foreign investor appetite

LIC, India's largest-ever IPO, will test foreign investor appetite

The LIC logo looms above a couple of passersby in Mumbai in India last week. The IPO of the biggest payer in life insurance in the country is expected to fetch $2.7 billion in the country’s biggest IPO so far. Punish Paranjpe | dpa | Getty Images The dominant player in India’s life insurance market, … Read more

Australia’s interest rate decision May 2022

Australia's interest rate decision May 2022

Australia’s consumer price index jumped 2.1% for the first quarter in 2022, with prices of food, petrol and other consumer goods all surging. Ian Waldie | Bloomberg | Getty Images Australia hiked its interest rate for the first time in more than a decade, a widely expected move as consumer prices surge. Its central bank … Read more