The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds. Most worrisome: the lack of
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India’s economy expanded faster than expected in the three months to March 31, before a resurgent coronavirus pandemic unleashed a new wave of challenges.
Gross domestic product rose 1.6 per cent from a year earlier during the quarter, the Statistics Ministry said Monday. That was faster than the 1 per cent median estimate in a Bloomberg survey of economists.
The number marks the second straight quarter of expansion following a rare recession, which tipped the economy into an unprecedented 7.3 per cent contraction for the full fiscal year that ended in March. That compares with a median 7.5 per cent decline estimated in a Bloomberg survey.
British finance minister Rishi Sunak called for more progress on ensuring financial markets support lower greenhouse gas emissions, after speaking with other finance ministers and central bankers from the G7 group of rich nations on Friday. Britain's finance ministry said Sunak sought consistent international rules on how companies report their climate impact, so investors can