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Three people died, four injured and one went missing after torrential rains swept through northern and central provinces of Vietnam as of 5pm on Sunday (Oct 17), according to the Standing Office of the National Steering Committee for Natural Disaster Prevention and Control.
LONDON: A global energy crunch is expected to boost oil demand by 500,000 barrels per day (bpd) and could stoke inflation and slow the world's recovery from the COVID-19 pandemic, the International Energy Agency (IEA) said on Thursday.
(Bloomberg) --Shortages of natural gas in Europe and Asia are boosting demand for oil, deepening what was already a sizable supply deficit in crude markets, the International Energy Agency said.
KUALA LUMPUR: Asia-Pacific monetary authorities will likely continue to partner with commercial banks if, and when, they roll out central bank digital currencies (CBDCs), S&P Global Ratings said on Tuesday.
A surging US dollar signals for some the clearest sign of an ebbing money tide and an abrupt slowdown of the world economy over the remainder of 2021 at least.
China’s power crisis – prompted by emission targets, spiralling coal prices – infuriates global firms, pushes up manufacturing costs
Some 30 listed companies have issued warnings this month – up from four in August, warning that the power cuts have negatively impacted production and profitsHong Kong-listed apparel supply chain manager Lever Style says the power cuts may force companies to rethink their garment production plans in China
HONG KONG (AFP):Asian markets mostly rose Thursday (Sept 30) after the previous day's retreat, though investors continue to fret that surging inflation will lead to interest rate hikes, while the debt stand-off in Washington and prospect of a historic US default was also fraying nerves.
NEW YORK: Oil prices slipped on Wednesday after U.S. crude inventories rose by more than anticipated, even as OPEC plans to maintain its deliberate approach to adding supply to the market.
TOKYO: Oil prices fell on Wednesday after U.S. crude inventories unexpectedly rose as doubts over demand resurfaced, with COVID-19 cases continuing to increase worldwide and some regions facing gasoline shortages.