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WHEN the World Health Organisation announced last year that Covid-19 had turned into a pandemic, many countries around the world, including Malaysia decided to impose a lockdown to help control the spread of the virus.
FRANKFURT: This time, it may be more than just another false dawn for European bank stocks.
JAKARTA: Indonesia aims to extend a luxury tax break on the sale of sedans and two-wheel drive cars with engine power of less than 1,500cc to August to support its pandemic-hit automotive industry, the industry ministry said yesterday.
Commodity prices expected to continue rising for three years before normalising
FROM spikes in Americans’ cost of living to surging factory-gate prices in China, inflation is stirring in all corners of the globe. Monetary chieftains, meanwhile, are sticking to their guns, stressing the spurt is temporary.
CHICAGO: Investors are not freaking out over a spike in US inflation in the past two months, showing confidence that the Federal Reserve is deftly handling a rebound in economic growth even as it leaves markets guessing about how it defines “transitory” when it talks about price increases.
LONDON: A rapid and chaotic energy transition would leave Europe’s biggest banks in financial peril comparable to the subprime crisis that United States lenders faced in 2008.
HAUNTED by memories of past United States interest rate hikes, the world’s central banks are laying the groundwork for a transition to life with less global stimulus, with many countries already signalling moves to the exit.
TOKYO/JOHANNESBURG/LONDON: Haunted by memories of past U.S. interest rate hikes, the world's central banks are laying the groundwork for a transition to life with less global stimulus, with many countries already signalling moves to the exit.