Indian retail inflation falls slightly but stays above 7% The retail inflation rate in India fell slightly to 7.01% in June, down from May’s figure of 7.04%, but price rises exceeded the Reserve Bank of India’s (RBI) upper limit of 6% for the sixth month, staying above 7% for the third straight month. Rural inflation […]
China looks to boost growth after Q2 slowdown The Chinese government’s economic policies will protect the country from negative growth and help promote the economy’s recovery, leading economists have said. The latest figures show that China’s economic expansion slowed to 0.4% year-on-year in the second quarter of this year, mainly because of the resurgence of […]
UAE firms incentivised to employ more Emirate citizens The UAE is to cut some employment permit fees for private sector companies that exceed Emiratisation targets – that is those that employ at least 2% of Emirate citizens in their workforce. This means that companies that go above and beyond what is legally required will pay […]
China sees small improvements in key economic sectors China’s small and medium-sized forms performed marginally better in June compared with the previous month, on the back of better containment of the COVID-19 pandemic and a package of stimulus policy measures. The latest data shows a small improvement over May’s figures, and experts say a gradual […]
Malaysian central bank to hike rates again in September, says analysts As was widely predicted, Malaysian central bank raised interest rates by 25 basis points on 6 July to 2.25%, the first consecutive monthly rise in more than a decade, as it bids to tackle rising inflation and support the ringgit. The move immediately prompted […]
India puts emphasis on e-payments with new initiative The Reserve Bank of India (RBI) has published a new document outlining how the country can achieve a tripling of the number of e-payments and establish India as “a powerhouse of payments globally”. The RBI’s ‘Payments Vision 2025’ document also outlines plans to ring-fence domestic payment […]
India seeks to expand markets with EU deal India and the European Union (EU) have formally relaunched negotiations over a free trade agreement after a nine-year impasse, with the aim of finalising a deal by the end of 2023. India’s Commerce and Industry Minister, Piyush Goyal, said that the India-EU trade pact can help […]
Dubai launches commercial initiative on five continents Dubai has launched a new initiative to establish 50 commercial offices representing the emirate in five continents during the next few years. The ‘Dubai Global’ scheme aims to strengthen its position as one of the best business hubs in the world, in addition to supporting companies based in […]
Students staying away from the classroom, survey finds. Student attendance and in-class participation remain at far lower levels than before the pandemic, according to a global survey by the Times Higher Education (THE). Three-quarters (76%) of respondents say they have seen lower numbers of students turning up to lectures despite the easing of Covid-19 restrictions, […]
