Author name: The News Craving

Published by Reuters (Corrects to change keyword search for media clients to GLOBAL-ECONOMY/(WRAPUP 2), no changes to text) By Leika Kihara TOKYO (Reuters) -Asia’s manufacturing activity broadly stagnated in September as pandemic-induced factory shutdowns and signs of slowing Chinese growth weighed on the region’s economies, surveys showed on Friday. Countries where large outbreaks of the […]

Published by Reuters By Sudarshan Varadhan CHENNAI (Reuters) – Indian utilities are scrambling to secure coal supplies as inventories hit critical lows after a surge in power demand from industries and sluggish imports due to record global prices push power plants to the brink. Over half of India’s 135 coal-fired power plants have fuel stocks

Published by Reuters (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September in a collapse that has driven up food and fuel prices in an economy that has tanked since a military coup eight months ago. “This will rattle the generals as they are quite obsessed with

Published by Reuters By Gabriel Crossley and Shivani Singh SHENYANG, China (Reuters) -China on Wednesday demanded railway companies and local authorities raise their game in shipping vital coal supplies to utilities, as regions key to the world’s no. 2 economy grapple with power cuts that have crippled industrial output. The order, handed down from China’s

Published by DPA German Economy Minister Peter Altmaier, a close ally of outgoing Chancellor Angela Merkel, has congratulated the Social Democrats, the Greens and the Free Democrats on their showing in Sunday’s election, which produced a severe loss for his own centre-right party. The conservatives do not have a mandate to pursue coalition talks, he

Published by Reuters By Michael Holden LONDON (Reuters) -Britain put the army on standby to deliver fuel from Tuesday after an acute shortage of truckers triggered panic buying that left fuel pumps dry across the land and raised fears that hospitals would be left without doctors and nurses. Queues of drivers snaked back from those

Published by DPA The Social Democrats have won the regional election in the German capital Berlin, a city-state that has its own parliament. The SPD and its top candidate Franziska Giffey netted 21.4 per cent of the vote on Sunday, the election commission said after 100 per cent of votes were counted. A three-way coalition

Published by Reuters By Linda Sieg TOKYO (Reuters) – Japan’s ruling party votes on Wednesday for the country’s next prime minister in an election that has turned into the most unpredictable race since Shinzo Abe made a surprise comeback almost a decade ago, defeating a popular rival in a runoff. The winner of the Sept.