Economy News

India looks to double coal output by 2020

For some this is the sound of progress. The coal mining industry is booming in India where a new mine is opened every month. In their push to compete on the global stage, Asian countries like India are increasingly looking to coal to power their economies and feed their growing energy demands. Officials in Indias coal ministry said despite a push for renewable energy sources, coal will continue to win out. Nov 21, 2015

ECB willing to act fast on rates and raise inflation as quickly as possible

The European Central Bank is ready to act quickly to boost anaemic inflation in the euro zone, its president Mario Draghi said on Friday (20 November), highlighting changes to its asset purchase programme and deposit rate as possible tools. Draghis comments offered the strongest hint yet that the ECB will unveil fresh stimulus measures at its 3 December meeting to stop inflation from falling further below its target of just under 2 percent. Nov 20, 2015
Prev 318 319 320 321 322 323 324 325 326 327 Next