Asia coal prices hit record on hot global competition for fuel

A worsening global fuel shortage catapulted Asia’s coal benchmark to a record, threatening to boost power bills and add to inflation woes. Spot physical coal at Australia’s Newcastle port jumped 3.4% to a record $ 402.50 a tonne on Friday, according to a biweekly index compiled by IHS Markit seen by Bloomberg. That’s the first time the highly watched spot index […]

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Growth in aquaculture drives global fish production to record high – report


Significant growth in aquaculture has driven global fisheries and aquaculture production to a record high as aquatic foods make an increasingly critical contribution to food security and nutrition in the 21st century, according to a new report from the UN Food and Agriculture Organization (FAO).   The 2022 edition of The State of World Fisheries […]

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Asia growth slows on commodities, Covid and rising interest rates


Economic growth in Asia and the Pacific is poised to slow more than previously estimated this year amid headwinds from the war in Ukraine, a resurgent pandemic, and tightening global financial conditions, the International Monetary Fund (IMF) said. “Regional gross domestic product will expand by 4.9 percent, 0.5 percentage points less than we forecast in […]

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Developing Asia economies set to grow 5.2% this year amid global uncertainty


Developing Asia’s economies are forecast to grow 5.2% this year and 5.3% in 2023, thanks to a robust recovery in domestic demand and continued expansion in exports. However, uncertainties stemming from the Russian invasion of Ukraine, the continuing coronavirus disease (COVID-19) pandemic, and tightening by the United States Federal Reserve pose risks to the outlook. […]

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