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Turkish lira rally reined in as investors question lending curbs
The lira firmed versus the dollar on Monday then lost some of its gains as investors raised questions about Turkey's latest move to boost the currency by restricting lira lending to many companies with more than $1 million in forex.
Sri Lanka electricity firm seeks 835% price rise
Sri Lanka's heavily loss-making state-run electricity monopoly asked for a shocking price rise of over 800 percent for its poorest customers with the bankrupt nation out of fuel, regulators said Monday.
India, EU resume free trade talks after nine-year gap
India and the European Union resumed talks Monday on a free-trade deal after a nine-year gap, as Western countries seek to wean New Delhi off its close economic ties to Russia.
Wall Street set to extend bounce as inflation fears ease
Wall Street's main indexes were set to open higher on Monday and extend gains from the previous week after a slide in commodity prices allayed concerns about an overly aggressive Federal Reserve that is seeking to tame inflation.
European stocks hit two-week high as commodities rebound
European shares on Monday jumped to their highest level in two weeks, underpinned by miners and oil stocks, as an easing of COVID-19 restrictions in China boosted commodity prices.
Central banks must act quickly on inflation, says BIS
Central banks must not let inflation become entrenched as the threat of stagflation looms over the global economy, the Bank for International Settlements (BIS) warned Sunday in its annual economic report.
French energy giants urge consumers to cut back
Consumers should start cutting back on their energy use immediately, the bosses of France's three big energy companies urged Sunday, warning of social tensions next winter unless reserves are replenished.
Johnson says wants to protect British steelmakers from energy costs
British Prime Minister Boris Johnson said on Sunday it was reasonable to consider ways of protecting British steelmakers against surging energy costs which are less of a problem for their competitors from other countries.
Zimbabwe plans to hike interest rate to 190% as inflation shoots past 191% in June
Zimbabwe’s central bank plans to more than double the benchmark interest rate – already the highest in the world – to 190 percent, a member of the bank’s Monetary Policy Committee (MPC) said, as it seeks to put a brake on soaring inflation.
Fresh transport strikes hit UK, mainland Europe
Britain's railway system once again came to a virtual standstill on Saturday and flights in Europe were disrupted as strikes in the travel sector hit the continent.
U.N. chief warns of ‘catastrophe’ from global food shortage
The head of the United Nations warned Friday that the world faces “catastrophe” because of the growing shortage of food around the globe.
Dutch natural gas storage facilities 50% filled for winter
Dutch natural gas storage facilities have been filled to 50% of their capacity, data from Gas Infrastructure Europe showed on Saturday, about two months earlier than in 2021 and helping prepare for peak winter demand.
IMF board concludes reviews for Ecuador, unlocking $1b
The International Monetary Fund executive board said Friday it had concluded its fourth and fifth reviews for Ecuador's 27-month Extended Fund Facility (EFF), allowing for the immediate disbursement of about $1 billion.
Oil up more than $1 but set for second weekly drop on recession fears
Oil rose by more than $1 a barrel on Friday supported by tight supply, although crude was heading for a second weekly fall on concern that rising interest rates could push the world economy into recession.
Norway central bank makes largest rate hike in two decades
Norway's central bank raised its benchmark interest rate by 50 basis points on Thursday, its largest single hike since 2002 and did not rule out making further increases of this size as the country seeks to control inflation.

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