Slower global demand pulls down developing Asia’s growth prospects — ADB

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Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions, according to a new Asian Development Bank (ADB) report. The latest Asian Development Outlook (ADO) 2019, ADB’s flagship economic publication, forecasts that growth in the region will soften […]

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U.S. to lead global oil supply growth, no peak in oil demand in sight – IEA

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The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the International Energy Agency’s (IEA) annual oil market forecast. By the end of the forecast, oil exports from the United States will […]

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India’s retaliatory tariffs to hit US exports worth $900 million – report

India’s proposed retaliatory tariffs against US agricultural products including apples, almonds and lentils will have an adverse impact on American exports worth nearly $900 million, according to the latest US Congressional report. India last year announced higher import duties on many US products like apples, almonds, walnuts, chickpeas and lentils in retaliation to President Donald […]

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Global carbon emissions reached record high in 2017, says UN agency

Carbon emissions reached a record high in 2017, increasing for the first time in four years, according to a United Nations Environment Programme (UNEP) report. The dismal numbers have prompted the organization to encourage countries to triple their efforts to deliver on the Paris Agreement. The 2015 agreement aims to combat the threats of climate […]

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Chinese revision sees hike in global rice supplies

Global 2018/19 rice supplies are seen increasing by 17.7 million tons to 651.4 million, mostly due to revisions for China, the U.S. Department of Agriculture (USDA) said in its latest monthly report. USDA incorporated China’s rice production revisions from 2007/08 through 2017/18, which consequently raised its supplies over this multi-year period. “The cumulative increases in […]

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