- 11 Sep
ECB to Decide Whether to Hike Rates Amid Mounting Recession Risks
The European Central Bank is facing a tough decision on whether to hike interest rates amid mounting recession risks. The ECB has raised rates by 0.75 percentage points since July last year, but the war in Ukraine and rising energy prices are putting renewed upward pressure on inflation. The ECB is likely to pause its rate-hiking cycle at this week's meeting, but it will keep the door open for further tightening in the future if inflation continues to rise.
- 11 Sep
G20 Delhi Declaration: A roadmap to a sustainable and equitable future
The G20 Delhi Declaration is a roadmap to a more sustainable and equitable future. The declaration commits the G20 countries to accelerate the transition to clean energy and ensure energy security for all nations. It also commits the countries to working collectively to ensure that everyone has access to safe, nutritious, and affordable food. The success of the declaration will depend on the collective will and action of the G20 countries. Here are some of the key points: The declaration is a significant step towards addressing two of the most critical challenges facing humanity: energy and agriculture. It has the potential to create over 30 million jobs globally in the renewable energy sector alone by 2030 and increase global food production by 15 percent by 2040. The success of the declaration will depend on the G20 countries' willingness to implement its commitments.