Labor unions in India started a two-day strike on Monday to protest against the government's "anti-worker" policies. "We expect more than 200 million employees throughout the country to join the strike on March 28 and 29 to oppose the government's policies," said Amarjit Kaur, general secretary of the All India Congress of Trade Unions, according to the PTI newspaper. Members of unions from a...

The United States and the European Union will intensify their efforts to guarantee that Russia does not utilize digital currency to circumvent Western sanctions imposed in response to the events in Ukraine. President Joe Biden of the United States and European Commission President Ursula von der Leyen issued a joint statement on the subject. "We plan to announce tighter collaboration in...

The Chinese authorities intend to take measures in response to the withdrawal of licenses from its companies in the United States. China will respond to the revocation of licenses from its telecommunications companies in the United States, Chinese authorities said. Earlier, Washington had withdrawn licenses from China Pacific Networks, its subsidiary ComNet, as well as the U.S. unit of China...

The Argentine authorities were able to postpone the deadline for $2 billion payment to the Paris Club of creditors, which was expiring at the end of the month, the newspaper La Nacion reported citing sources. A year ago, the parties agreed that until March 31, 2022, Argentina would have to decide whether to restructure the debt. "The Argentine government was able to extend the $2 billion...

The US will not negotiate on exceptions to sanctions against Russia to save the JCPOA. The Wall Street Journal reported this, citing a U.S. official. The Wall Street Journal pointed out that the U.S. will not discuss exceptions to "Ukraine-related" sanctions against Russia to "save" the JCPOA. Moreover. Washington will try to conclude an alternative agreement from which Russia will be excluded if...

Industrial production in the UK rose 0.7% in January against December, according to the country's national statistics bureau. Analysts polled by DailyFX thought the figure rose only 0.1% in monthly terms. On an annualized basis, the figure grew by 2.3 percent, while a 1.9 percent increase was expected. In December, U.K. industrial production rose 0.3% month-on-month and 0.4% year-on-year....

Chinese authorities have allocated 1.6 billion yuan (about $253 million) to support stable wheat production, according to information posted on the website of China's Ministry of Finance. The allocated funds will be used to support winter wheat production in several provinces, to prevent and control major crop diseases and insect pests. The funds will also go to combat the effects of extreme...

The Executive Board of the International Monetary Fund has approved an emergency financial assistance of $1.4 billion for Ukraine, the IMF said in a statement. "The Executive Board of the International Monetary Fund today approved $1.4 billion ($1,005.9 million special drawing rights). This was to help meet emergency financial needs and offset the economic impact of the war," the document...

Aggregate GDP of 19 eurozone countries, according to final estimates, in the fourth quarter rose by 4.6% year on year and by 0.3% - in quarterly terms, said the European statistical agency Eurostat. The figures were in line with the forecast of analysts surveyed by Daily FX and preliminary estimates. GDP in the European Union in the fourth quarter, also according to final estimates, rose by...