International Economic
Biden administration approves first major offshore wind farm in US
The Biden administration has given the green light for the construction and operation of the 800 megawatt (MW) Vineyard Wind 1 project, the first major offshore wind farm in the US.
MoneyGram to let crypto holders cash in investments
MoneyGram is teaming up with cryptocurrency exchange Coinme to allow crypto holders to cash in their investments at locations across the US.
US CPI rises at fastest pace in over a decade
April's consumer price index rose 4. 2% year-on-year, according to the Labor Department, ahead of estimates for a print of 3. 6% and the fastest pace of increase since September 2008.
Business leaders call on G7 to 'seize the moment'
Business organisations from some of the world’s richest economies have called on G7 leaders to collaborate closely as they rebuild the global economy post Covid-19 and tackle the "seismic" challenges that lie ahead.
Chinese narrow money supply shrinks in April
China's money supply growth slowed quickly last month as economic authorities tightened monetary and fiscal policy.
European Commission upgrades growth forecasts
The European Commission upgraded its forecasts for growth on Wednesday, citing fiscal support, progress in the Covid-19 vaccination programme and easing restrictions.
Eurozone industrial production disappoints in March
Industrial production nudged only marginally higher in the Eurozone at the end of the first quarter, coming in well below forecasts, official data showed on Wednesday.
US removes Xiaomi from blacklist
The US Department of Defence announced it would be remove Chinese tech company Xiaomi from a government blacklist.