Economy

European Union Vows to Cut Hungary Funding over Corruption

HUNGARY: The European Union's executive on Sunday recommended suspending around 7.5 billion euros in funding to Hungary over corruption, the first such case in...

Sri Lankan Crisis Pushes Tamilians Deeper in Their Miseries

SRI LANKA/INDIA: Under the blazing sun, the 44-year-old Tamil labourer tended to his rented piece of groundnut field in Sri Lanka, pounding the ground...

ACC Acquisition: Adani is Now the Second Largest Cement Manufacturer of India

INDIA: Adani Group completes the acquisition of ACC Ltd. through Ambuja Cements Ltd. to begin another chapter in the history of India's oldest continuously...

Forex Reserves Have Fallen over $80 Billion Since Ukraine Crisis

INDIA: India's foreign exchange reserves have plummeted by more than $80 billion since the Ukraine crisis, falling by more than $2 billion in the...

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