Supreme Court ruling casts cloud over US leadership in global climate fight

UNITED NATIONS, June 30 (Reuters) – A Supreme Court ruling on Thursday limiting Washington’s authority to reduce carbon output from power plants will hurt global efforts to fight climate change by slowing America’s emissions cuts and undermining US leadership efforts on the international stage, according to diplomats. The conservative court’s 6-3 ruling, the latest in … Read more

IMF still has concerns over Pakistan budget, finance minister says

IMF concerns over fuel subsidies, current account, direct taxes Adjustments can be made to bring IMF onboard – minister Pakistan hopes for staff level agreement with IMF this month ISLAMABAD, June 11 (Reuters) – Pakistan’s finance minister said on Saturday that the International Monetary Fund (IMF) has expressed concern about the country’s recently unveiled budget, … Read more

Macron, Bloomberg seek better monitoring of business climate action

French President Emmanuel Macron welcomes special envoy to the United Nations for climate change Michael Bloomberg as he arrives for a lunch at the Elysee Palace as part of the One Planet Summit in Paris, France, December 12, 2017. REUTERS / Philippe Wojazer Register now for FREE unlimited access to Reuters.com Register PARIS, June 3 … Read more

Shanghai heading out of lockdown but China still lost in economic gloom

Shanghai set to lift COVID-19 lockdown on June 1 Government officials express concern about broader economy Analysts expect more aggressive economic support soon BEIJING, May 26 (Reuters) – Pandemic-hit Shanghai, China’s financial hub, unveiled more post-lockdown plans on Thursday as it moves towards a return to normalcy, but a country-wide economic recovery is still a … Read more

Sri Lanka prime minister retains finance minister portfolio

COLOMBO, May 25 (Reuters) – Sri Lanka’s Prime Minister Ranil Wickremesinghe will hold dual charge as finance minister, the president’s office announced on Wednesday, and will lead talks with the International Monetary Fund (IMF) for a bailout for the crisis -hit nation . “Prime Minister Ranil Wickremesinghe was sworn in as finance, economic stabilization and … Read more

Pakistan opens talks with IMF to resume suspended funds for battered economy

ISLAMABAD, May 18 (Reuters) – Pakistan opened much delayed talks with the International Monetary Fund (IMF) on Wednesday to resume a seventh review of the $ 6 billion rescue package agreed in 2019. “Talks with the IMF mission started today,” a statement from the finance ministry said. It said a team led by Finance Minister … Read more

Shanghai aims to reopen more businesses shut down by COVID, Beijing battles on

Shanghai malls, shops to gradually resume in-store operations Some Beijing districts extend work-from-home guidance Shanghai lockdown frustrates, infuriates residents Curbs have rattled global supply chains SHANGHAI / BEIJING, May 15 (Reuters) – Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks … Read more