Almost every Indian meal requires an onion -- one of the cooking essentials along with sugar and lentils that sweet-talking politicians use to curry favour with their voters by lowering costs. But the slump in wholesale prices meant that was not passed on to the consumer -- or voter, from the politicians' viewpoint.
Stellantis chief executive Carlos Tavares has defended his 36.5 million euro ($38.75 million) pay package ahead of a vote Tuesday by the car giant's shareholders.
Gulf states are grappling with the widening Middle East conflict as hostilities between Iran and Israel threaten their security and ambitious plans to reshape their economies. The Gulf countries share an "overall realisation that conflict is bad for business and avoiding conflict comes now almost at any cost", said King's College London Middle East analyst Andreas Krieg.
Asian stocks fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after Israel's army chief vowed a response to Iran's unprecedented attack on his country at the weekend. Oil prices rose in Asian trade, having slipped Monday on hopes for a de-escalation following US calls for Israeli Prime Minister Benjamin Netanyahu to "take the win" and forgo a counterattack.
The final bill for the Paris Olympics is still unknown but, depending on the point of view, are likely to be expensive compared to original estimates or cheap, when set against other recent Games. Oudea-Castera also argued that compared to the other Summer Olympics this millennium, even a final total bill close to 10 billion euros would be cheap.
China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer activity. It reflects "the fundamental policy shift from a focus on (the) consumer market and service sector to... industrial growth", she added.
Pakistan has initiated discussions with the IMF over a new multi-billion dollar loan agreement to support its economic reform program, its new finance minister told AFP on Monday.
Swiss watchmakers are increasingly turning their sights towards India thanks to a new free trade agreement that is due to gradually open the doors for luxury timepiece exports.
Latin American metal workers are clamoring for higher import tariffs as cheap Chinese steel floods the region, threatening hundreds of thousands of jobs linked to the industry. As the pressure increases, steel plant bosses and workers in countries like Chile and Brazil -- the top producer in the region and number nine in the world -- are pressing governments for higher import tariffs.
The number of ships allowed through the drought-hit Panama Canal each day will be increased thanks to signs of an improvement in water levels, authorities said Monday. The Panama Canal Authority said Monday that it had informed clients it would gradually allow up to 32 ships through per day, compared with a limit of 27 announced a month ago.
Economy
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