By Federica Urso and Mark John (Reuters) – Degrowth – the idea that a finite planet cannot sustain ever-increasing consumption – is about the closest you can get to a heresy in economics, where growth is widely held as the best route to prosperity. But, as climate change accelerates and supply chain disruptions offer rich-world …
Analysis-Climate change, scarcity chip away at degrowth taboo Read More »
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – Ukraine’s creditors vote this week on a government proposal to defer payments on the war-torn country’s international bonds for 24 months as Kyiv hopes to swerve a $20 billion messy default. Bondholders have until 5 p.m. New York time (2100 GMT) on Tuesday to decide …
Ukraine faces key test on debt freeze plan in bid to avoid messy default Read More »
By Duncan Miriri and Karin Strohecker NAIROBI (Reuters) – Millions of Kenyans will head to the polls on Tuesday to pick a new president in a fiercely contested election that pitches veteran opposition leader Raila Odinga against Deputy President William Ruto. President Uhuru Kenyatta is not running due to term limits but is backing Odinga. …
Explainer-What is at stake for investors in Kenya’s elections? Read More »
By David Ljunggren (Reuters) -A foreign-flagged ship arrived in Ukraine on Saturday for the first time since the war started in February, and will be loaded with grain, Ukrainian Infrastructure Minister Oleksandr Kubrakov said. Ukraine is starting to resume grain exports in an effort overseen by a Joint Coordination Centre in Istanbul where Russian, Ukrainian, …
First foreign-flagged ship arrives in Ukraine since Feb, awaits grain load Read More »
BUENOS AIRES (Reuters) – Analysts polled by Argentina’s central bank sharply raised their inflation estimate for 2022 to 90.2%, up 16.2 percentage points from the previous month’s forecast, according to a survey published on Friday. The bank’s monthly Market Expectations Survey (REM) shows July’s monthly inflation at 7.5%. A source from Argentina’s economy ministry told …
Analysts expect Argentina’s inflation to reach 90.2% in 2022 Read More »
(Reuters) – The Moscow Exchange on Friday said it would not be able to meet a promise to allow access to its stock market next week to clients from “friendly” jurisdictions, those which have not deployed sanctions against Russia. In July, the exchange said non-residents from countries that have not imposed sanctions would be permitted …
Moscow Exchange delays access for non-residents from ‘friendly’ countries Read More »
By Eliana Raszewski and Lucila Sigal BUENOS AIRES (Reuters) – Asked about Sergio Massa, Argentina’s new “superminister” for the economy, many Argentines perceive him as an opportunistic politician with limitless ambition. But Massa’s political acumen, honed over four decades of party-hopping activism, is also widely seen as key to rescuing Argentina’s economy, which has been …
Argentina’s ambitious ‘superminister’ takes on economic crisis Read More »
LIMA (Reuters) – Analysts and market participants in Peru raised their expectations for the Andean country’s 2022 inflation on Friday, a monthly central bank survey showed, saying they now forecast an increase of between 6.5% and 7.5%, against a 6% to 7% rise previously projected. Annual inflation in Peru, the world’s second-largest copper producer, reached …
Analysts raise expectations for Peru’s 2022 inflation – central bank poll Read More »
LONDON (Reuters) – British employers slowed their hiring via recruitment agencies by the most in 17 months in July as they worried increasingly about the outlook for the economy, a survey showed on Friday. With the Bank of England now warning of a recession between late 2022 and early 2023, hiring of temporary workers outgrew …
UK recruiters report slowest hiring rise in 17 months, REC says Read More »
LONDON (Reuters) -House prices in Britain fell the first time in more than a year in July in monthly terms and the market is likely to weaken further as interest rates go up and the cost-of-living squeeze tightens, mortgage lender Halifax said on Friday. Prices, which recently hit record highs, edged down by 0.1% from …
UK house prices fall for first time in 13 months, Halifax says Read More »
