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

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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

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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

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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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