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PM Drew highlights achievements of his achievements during SKNLP Conference

The Prime Minister of the island nation of St Kitts and Nevis, Dr Terrance Drew has reaffirmed that the motto of of St Kitts-Nevis Labour Party (SKNLP) “For the good that we can do” must remain forefront of every deliberation as well as each action, in pursuit of “Social justice for all” by all his 9-months old administration of SKNLP.

463 days of Russia-Ukraine war: Ukrainian ministry releases list of losses suffered by Russian army

The war between the neighbouring nations of Russia and Ukraine has taken entry into the 463 day. It is to be noted that the war between the neighbouring nations of Russia and Ukraine have been erupted on the morning of February 24, 2022.

India becomes 1st nation for regulating anti-tobacco warnings over OTT platforms

The Regional Director of the World Health Organization South-East Asia Region, Dr Poonam Khetrapal Singh, has extended congratulations to India on becoming the first nation across the globe for regulating anti-tobacco warnings over OTT platforms and also appreciated the firm leadership of the nation for this landmark step.

Ukraine war, Western financial sanctions against Russia adds to Belgium inflation: Reports

WorldRussiaUkraine war, Western financial sanctions against Russia adds to Belgium inflation: Reports
The war in Ukraine, coupled with Western financial and trade sanctions against Russia in response, are adding to Belgium’s inflation pressures, according to the most recent report from the National Bank of Belgium (NBB).
“Just as there were some signs of weakening headwinds, with the global number of COVID-19 cases coming down from the Omicron peak and supply chain bottlenecks apparently easing, a war broke out with the Russian invasion of Ukraine,” the report lamented.
The war and resulting sanctions are likely to affect the global and especially the European economic outlook through bottlenecks in global supply chains – which occured due to the pandemic and are now being seen again – along with rising energy and commodity prices and potential amplification effects in financial markets.
“In its March 2022 interim report, the OECD estimates that global economic growth could be more than one percentage point lower this year than was projected before the conflict,” NBB’s report warned.
While the euro area economy grew by 0.3% in the fourth quarter of last year (bringing annual growth in 2021 up to 5.3%), the outlook for the future is now uncertain in the face of the war.
Belgian companies have already been hit hard by supply chain issues, and projections are being downgraded.
“The Ukraine war will only weigh on the end of the quarter, whereas growth at the start of the year was still pushed up by the improved health situation and supply chains,” NBB wrote.
But while Belgian inflation forecasts have been revised upwards, the country is still doing better than many others in the bloc.
“In Belgium, economic activity expanded by 0.5% in the fourth quarter, somewhat stronger than euro area growth,” NBB reported.
“Growth was also higher than envisaged in the previous Business Cycle Monitor because the direct impact of the new wave of coronavirus, along with the restrictions it brought with it, were less severe than anticipated.”

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