MANILA, Dec 14, 2021 (AFP) – The Asian Development Bank warned Tuesday that the highly mutated Omicron coronavirus variant could have a “substantial” economic impact, as it trimmed its 2021 and 2022 growth forecasts for developing Asia. Despite a sharp drop in infections and increased vaccination across the region stretching from the Cook Islands in the … Read more
FRANKFURT: German exports fell for the second month in a row in September, as Europe’s top economy grapples with global supply shortages, official data showed on Tuesday. Germany exported 112.3 billion euros ($130.2 billion) worth of goods in September, adjusted for the season, a 0.7 per cent drop from the previous month, according to federal statistics … Read more
RIYADH: Global supply chains need to be rethought to reduce the impacts of humanitarian or geopolitical crises, Arab News quoted France’s foreign trade minister, as telling the Future Investment Initiative Forum in Riyadh. Franck Riester highlighted the health, energy and food sectors, in particular, as areas where the current system is susceptible to fluctuations, such … Read more
