economy

Germany in recession as inflation, higher interest bite

BERLIN, May 25, 2023 (AFP) - Germany fell into a recession around the turn of the year, official figures published…

UK inflation slides to 13-month low, stays elevated

LONDON, May 24, 2023 (AFP) - Britain's annual inflation rate struck a 13-month low in April, official data showed Wednesday,…

What happens if the US fails to raise its debt ceiling?

  By Beiyi SEOW, Daniel AVIS Agence France-Presse WASHINGTON, United States (AFP) -- President Joe Biden and Republicans in Congress…

Biden cuts back Asia tour as hopes rise of debt deal

By Daniel AVIS Agence France-Presse WASHINGTON, United States (AFP) -- Joe Biden and opposition Republican leaders on Tuesday offered hope…

Argentina annual inflation exceeds 108 percent in April

BUENOS AIRES, May 12, 2023 (AFP) - Inflation in Argentina reached 108.8 percent in the 12 months to April, a…

Debt ceiling talks postponed until next week: W.House

WASHINGTON, May 11, 2023 (AFP) - Crunch talks between US President Joe Biden and senior Republicans have been postponed until…

Biden administration warns China hopes for US debt ‘chaos’

WASHINGTON, United States -- The Biden administration on Thursday warned that superpower rival China would "love" to see Washington fail…

Singapore ‘should avoid economic contraction’: PM

Singapore is expected to post slower economic growth this year but it "should avoid an outright contraction", Prime Minister Lee…

JPMorgan buys First Republic after regulators seize control

New York, United States | AFP | Monday 5/1/2023 US financial authorities seized California's troubled First Republic Bank on Monday…

Bank of Japan maintains monetary easing but plans review

by Hiroshi HIYAMA / Kyoko HASEGAWA The Bank of Japan announced a review of its longstanding monetary easing measures on…

US growth cools in first quarter as recession fears deepen

WASHINGTON, April 27, 2023 (AFP) - US economic growth lost steam in the first quarter this year, said the Commerce…

Argentina to pay for Chinese imports in yuan instead of dollars

BUENOS AIRES, Argentina (AFP) -- Argentina will pay for Chinese imports in yuan instead of US dollars in order to…

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