Ray ban india price

G7 leaders gathering for lunch at the Schloss Elmau hotel in Elmau, Germany on Monday (June 27). The G7 leaders have also agreed to take a more coordinated approach to challenging China's 'market-distorting' practices in global trade. (Photo by Susan Walsh/Pool via Reuters) - A + A SCHLOSS ELMAU (June 28): The Group of Seven (G7) economic powers have agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain price, they said on Tuesday. "We invite all like-minded countries to consider joining us in our actions," the G7 leaders said in the communique. The war in Ukraine and its dramatic economic fallout, in particular soaring food and energy inflation, has dominated this year's summit of the group of rich democracies at a castle resort in the Bavarian Alps. The G7 is looking at price caps as a way to prevent Moscow profiting from its invasion of Ukraine, which has sharply raised energy prices, taking the sting out of Western … [Read more...] about G7 agrees to explore cap on Russian oil price — communique

Issues ranging from differences in the nature and availability of data in India and an uncertain global and domestic economic outlook loom as hurdles in the Reserve Bank of India (RBI) adopting a Federal Reserve -style “dot plot,” economists say. The dot plot is a chart that records each Fed official’s projection for the US central bank’s key short-term interest rate. The dots reflect what each thinks will be the appropriate midpoint of the Fed Funds Rate at the end of each calendar year three years into the future should the economy behave as they expect. "The dot plot is a good policy guidance to the market on what lies ahead and hence helps in minimising volatility,” Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, said. “However, in this highly uncertain environment when sources of inflation are mostly idiosyncratic and supply-led, a Fed-like guidance of three-to-four years does not seem feasible.” The debate on whether India should adopt a dot plot-like … [Read more...] about Can India adopt a Fed-style dot plot for interest rates? Not yet, say experts

- A + A KUALA LUMPUR (June 28): Poh Huat Resources Holdings Bhd's net profit for the second quarter ended April 30, 2022 (2QFY22) jumped 81.75% to RM23.08 million from RM12.7 million in the same period last year, mainly driven by higher furniture shipments from Malaysia. Quarterly revenue grew 12.57% to RM186.34 million from RM165.53 million, as production activities for both the group's operations in Malaysia and Vietnam continued to do well on the back of sustained orders from its customers in North America. "In particular, our Malaysia operations registered strong growth compared to the previous year's corresponding quarter as we ramped up production to clear order backlogs following the resumption of production after MCO 3.0 (Movement Control Order 3.0). Our Vietnam operations also registered higher shipment, albeit at a more modest level," Poh Huat said. As such, its earnings per share almost doubled to 8.71 sen from 4.79 sen previously, its bourse filing … [Read more...] about After 82% jump in 2Q profit, Poh Huat sees signs of demand slowdown in US amid soaring prices

By ZEKE MILLER and GEIR MOULSON ELMAU, Germany (AP) — Leaders of the world’s biggest developed economies said Tuesday they would explore far-reaching steps to cap Russia’s income from oil sales that are financing its invasion of Ukraine and struck a united stance to support Kyiv for “as long as it takes” as the war grinds on. The final statement from the Group of Seven summit in Germany underlined their intent to impose “severe and immediate economic costs” on Russia. It left out key details on how fossil fuel price caps would work in practice, setting up more discussion in the weeks ahead to “explore … the feasibility” of measures to bar imports of Russian oil above a certain level. That would hit a key Russian source of income and, in theory, help relieve the energy price spikes and inflation afflicting the global economy as a result of the war. “We remain steadfast in our commitment to our unprecedented coordination on sanctions for as long as necessary, acting in … [Read more...] about G-7 leaders united behind Ukraine, aim at Kremlin oil money

Share to Twitter Share to Linkedin Topline The Group of Seven nations (G-7) outlined plans for the reconstruction of Ukraine, resolving the global food security crisis, securing energy supply and tackling climate change as a two-day summit of the countries’ leaders in Germany concluded on Tuesday. Key Facts In a summary of its official communiqué issued after the summit, the G-7 reaffirmed its support for Ukraine’s “courageous” defense of its “sovereignty and territorial integrity” and vowed to punish Russia further by coordinating more sanctions and reducing its revenue from energy exports. The G-7 nations pledged a total of $29.5 billion in financial aid for Ukraine’s reconstruction in 2022, plans for which will be made in partnership with Kyiv through an international reconstruction conference. Blaming Russia’s invasion for steep energy prices around the globe, the leaders said they will take immediate steps to secure energy supply … [Read more...] about G-7 Pledges Billions To Help Ukraine Rebuild And Reveals Plan To Tackle Food Security As Summit Ends

- A + A BERLIN/BRUSSELS (June 28): Leaders of the world's most advanced economies have agreed to start a Climate Club in which members agree on joint rules and standards in the fight against global warming with the hope that it will avoid spats over green tariffs. The Group of Seven (G7) nations reached a deal on the issue at a three-day summit in Bavaria, Germany that ended on Tuesday. It is a significant achievement for German Chancellor Olaf Scholz, who has made better coordination on climate protection measures a key theme of his G7 presidency. "We note with concern that currently neither global climate ambition nor implementation is sufficient to achieve the goals of the Paris Agreement," the final G7 leaders said in a statement. The Climate Club will address that by "accelerating climate action and increasing ambition, with a particular focus on the industry sector". Scholz has argued that the Climate Club would help eliminate a chaotic patchwork of national … [Read more...] about G7 launches Climate Club in attempt to avoid green trade wars

Share to Twitter Share to Linkedin Topline Russian President Vladimir Putin plans to participate in this year’s Group of 20 Summit, the Kremlin said Monday, setting up a potentially dramatic first meeting between Putin and his critics since he ordered the invasion of Ukraine in February. Key Facts Yuri Asharov, an advisor to Putin, confirmed the plans to Russian state media but said it is still being determined whether Putin will travel to the summit in-person, citing Covid-19 concerns. The G20 Summit will be held in Bali, Indonesia, over November 15 and16 and will bring together leaders from 19 countries and the European Union. Indonesian President Joko Wodido said in April he invited Putin to the summit and also extended a special invite to Ukrainian President Volodymyr Zelensky, whose country isn’t a member of G20. The meeting would be the first known contact between Putin and Zelensky or President Joe Biden or since the war … [Read more...] about Russia Says Putin Will Be Part Of G20 Summit—Setting Stage For Showdown With Western Leaders