The World Bank said on Tuesday that it had approved a $750 million budget support loan for Kenya and a sustainability-linked facility that will reduce the country's reliance on expensive domestic debt and bolster economic reforms.
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France is scrapping a two-euro charge on low-value e-commerce packages arriving from outside the European Union from July 1, when a heftier pan-European Union fee kicks in, Serge Papin, the minister for small businesses said on Tuesday.The fee will increase to 5 euros from November, Papin said, as…
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The European Union's side of a trade deal struck with the United States last year, which will remove import duties on many U.S. goods, will come into force on July 1, said a formal European Union regulatory filing.• The EU said this regulation would apply from July 1 until December 31, 2029.• "Wher…
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Macquarie-backed Vocus plans to invest around A$500 million ($343.50 million) to build a fibre network route between Sydney and Melbourne to meet the rising AI-driven data centre demand, the company said on Tuesday.The route, which Vocus said will be the country's first ducted long-haul network, wi…
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By Pablo SinhaGold prices slipped on Tuesday and were on track for their biggest monthly decline since October 2008, as uncertainty in the Middle East gave way to expectations of U.S. interest rate hikes to tame elevated inflation.Spot gold TVC:GOLD was down 0.8% at $3,985.57 per ounce, as of 0613…
Economic and business confidence is improving across the euro zone but remains below pre-war levels, and oil prices are seen remaining at relatively elevated levels for years, European Central Bank chief economist Philip Lane said on Tuesday."In terms of the overall inflation impulse, the fact that…
By Khushi Malhotra and Dharamraj DhutiaIndian government bonds rose on Tuesday, with the benchmark 10-year yield on track for its biggest monthly decline in nearly seven years, supported by lower oil prices and a pickup in foreign buying.The yield on the benchmark 6.94% 2036 bond (IN069436G=CC) was…
Thailand's cabinet on Tuesday agreed to extend cuts in ownership transfer and mortgage registration fees for another year to support the struggling property sector, the government said.The cut in the fees to 0.01% for certain properties will be effective until June 2027, it said in a statement.
By James DaveySainsbury's LSE:SBRY, Britain's second-largest supermarket group, on Tuesday joined industry leader Tesco LSE:TSCO in reporting slower underlying sales growth in its first quarter, but left its full-year profit guidance unchanged.The Middle East conflict has pushed up energy prices, w…
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By Jaspreet KalraThe Indian rupee was modestly weaker on Tuesday, but remained on course to log a quarter-on-quarter gain, its first since March 2025, as a sharp retreat in oil prices and a salvo of policy measures to draw dollar inflows snapped a spell of decline.The currency FX_IDC:USDINR last tr…
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