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OIL prices are signalling the need for an urgent increase in production from Opec+ and US shale companies as the global economy and oil demand recover more rapidly than expected from the pandemic.
SYDNEY: Australia’s economy expanded faster than economists forecast in the first three months of the year, driven by the private sector as firms boosted investment and households tapped their pandemic savings war chest.
EUROPEANS are in for a costly summer that will test central bankers’ resolve on stimulus as the region’s delayed economic recovery unleashes surging demand.
BEIJING: China’s economy kept up its solid recovery in May as manufacturing activities remained elevated, but the rising prices of raw materials are putting pressure on demand and deserve attention, according to officials and experts.
A strengthening world recovery from the Covid-19 pandemic risks leaving behind many regions, fuelling inequalities across and within borders, the Organisation for Economic Cooperation and Development (OECD) said.
THE Asean Plan of Action for Energy Cooperation, the framework of energy cooperation in the region, stipulates the aspirational targets of achieving 23% renewable energy share in the total primary energy supply and 32% energy intensity reduction by 2025.
JAKARTA: The World Bank has maintained its forecast for Indonesia’s gross domestic product (GDP) growth for this year as the country lags behind some Asian economies in containing Covid-19 and in trading manufactured goods.
THE pandemic has left us a terrible mess to clear up. What policies will get us out of the huge debt that we have incurred to pay for the health, wealth and job crises?