Ben & Jerry’s to officially return to Israeli settlements after Unilever decision
Unilever announced Wednesday it has sold its Ben & Jerry’s interests in Israel to a locally based licensee, clearing the way for renewed ice cream sales in West Bank settlements.
Russia mulls FX interventions to tame ruble’s rise
Russia’s finance minister said Wednesday the government could use excess energy revenues for foreign currency interventions to rein in the ruble, which has surged to a seven-year high.
Blocked Russian payments: what impact for Moscow and creditors?
Russia acknowledged Monday that two interest payments on its debt didn’t make it to creditors, an event which could be considered a default, even if
GlobalWafers announces plans for massive US plant
Taiwan’s GlobalWafers on Monday unveiled plans to establish a massive plant in northern Texas to produce a component vital to making semiconductors with an investment
Sri Lanka banks on ‘Casino King’ to woo investors
Cash-strapped Sri Lanka’s president Friday appointed the island’s biggest casino operator Dhammika Perera as Investment minister with responsibility over a Chinese-funded tax-free enclave in the
US recession would be ‘necessary price’ to defeat inflation: IMF chief
by Heather SCOTT With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn,
Major US banks can weather severe economic downturn: Fed
The largest banks operating in the US market have sufficient resources to withstand a severe economic downturn and continue providing financing to American families and
US Fed chair admits recession a ‘possibility’ after rate hikes
by Heather SCOTT The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation could eventually trigger a recession,
Spain bets on green hydrogen in clean energy push
by Valentin BONTEMPS As Europe seeks to move way from fossil fuels, Spain is racing ahead in developing green hydrogen, aided by a growing wind
Dead rivers: The cost of Bangladesh’s garment-driven economic boom
by Sam JAHAN Bangladeshi ferryman Kalu Molla began working on the Buriganga river before the patchwork of slums on its banks gave way to garment
