Poorer countries of the world have declined to accept tens of millions of AstraZeneca Covid-19 vaccines from the worldwide COVAX programme, according to reports citing information from a WHO document. This is the latest hint that the vaccine's short shelf life is sapping demand.  ...

Brazil's inflation rose faster than expected in March for the first time in 28 years, according to official numbers released on Friday, as rising fuel prices weighed on the economy, which was hit by an oil shock following the Ukraine conflict.   The IPCA consumer price index increased 1.62...

The world is entering a new period of greater inflation and interest rates, according to the head of the Bank for International Settlements, as deteriorating ties between the West, Russia, and China, as well as COVID after-effects, push globalisation backward.   Due to rising global energy...

Thirty-four investors with a combined asset value of more than $7 trillion have warned 17 of Europe's major businesses, including BP and Volkswagen, that they may challenge board directors over climate risk accounting.   The action is the latest attempt by investors to put pressure on...

As the country faces its worst economic crisis in decades, the governor of Sri Lanka's central bank has announced his retirement.   After all of the country's cabinet ministers resigned, Ajith Nivard Cabraal made his announcement. Angry protestors have also demanded the resignation of the...

On Friday, U.S. automakers reported a drop in domestic sales in the first quarter, as the entire sector was hit by chip shortages and supply chain delays.   Toyota, which will overtake General Motors as the top-selling automaker in the United States in 2021, outsold GM in the first quarter...

Covid-19 restrictions in China are delaying fertiliser supplies to the country's northeastern breadbasket just a month before spring planting, putting this year's corn and soybean crops at jeopardy if not resolved soon.   Fertiliser is normally made in early April and applied to fields later...

Non-fungible tokens, or NFTs, are being considered by a group of Taiwanese puppeteers as a way to help bring their traditional art form into the modern era and keep it relevant for a new audience.   NFTs are crypto assets that represent a digital item such as a picture, video, or even...

While Tesla begins production at its new German plant this month, Volkswagen is just weeks away from finalising plans for a 2 billion euro ($2.2 billion) electric vehicle (EV) factory that it hopes will catch up to its American competitor.   Tesla claims that its new Giga Berlin-Brandenburg...

The Consumer Financial Protection Bureau (CFPB) of the United States announced on Monday that it aims to create "dedicated units" inside its enforcement and supervision divisions to better discover repeat corporate violators.   Rohit Chopra, who became director of the Consumer Financial...

According to EU antitrust chief Margrethe Vestager, a deal between European Union governments and EU parliamentarians that would oblige large internet firms to do more to police the material and content published on their platforms, could be reached by next month.   Vestager had introduced...