economy

Lebanese pound hits historic low of 100,000 to dollar

The Lebanese pound sank to a historic low against the dollar on the parallel market Tuesday, the latest sombre milestone…

US worries China will use supply chains as weapon

WASHINGTON, United States (AFP) -- The United States increasingly worries that China will use its power in global supply chains…

Bank of Japan’s next chief says monetary easing ‘appropriate’

TOKYO, Japan (AFP) -- The Bank of Japan's long-standing monetary easing policies are "appropriate", its next governor Kazuo Ueda told…

BTS agency becomes biggest shareholder of K-pop industry rival SM

Seoul, South Korea | AFP | Wednesday 2/22/2023 K-pop supergroup BTS' management agency HYBE said Wednesday it had become the…

Regions in US, China most at risk for climate damage: report

PARIS, France (AFP) -- Major industrial and economic centers in China and the United States are among the most vulnerable…

Chinese tech billionaire goes missing: company

Beijing, China | AFP | Friday 2/17/2023 The Chinese billionaire chairman of investment bank China Renaissance has gone missing, the…

Bankrupt Sri Lanka hikes power prices again for IMF deal

Colombo, Sri Lanka | AFP | Thursday 2/16/2023 Sri Lanka's electricity board hiked consumer rates by up to 275 percent,…

Nigerian president moves to ease cash crisis

  Lagos, Nigeria | AFP | Thursday 2/16/2023 Nigeria's President Muhammadu Buhari on Thursday defended a currency swap that sparked…

US inflation eases in January but kept high by rent, energy costs

Washington, United States | AFP | US consumer inflation cooled slightly in January but the figure remains markedly above policymakers'…

Japan GDP rebounds less than expected in fourth quarter

Tokyo, Japan | AFP | Tuesday 2/14/2023 Japan's economy expanded just 0.2 percent in the last quarter of 2022, a…

Sri Lanka bankruptcy to last until 2026: president

Sri Lanka's president said Wednesday the island nation will remain bankrupt for at least three more years as he works…

Developing story: US economy better positioned to grow than any ‘on Earth:’ Biden

Washington, United States | AFP | President Joe Biden said in an address to Congress Tuesday that the US economy…

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