economy

Indonesian economic growth rises to nine-year high

JAKARTA, Indonesia (AFP) -- Indonesia's economic growth accelerated to a nine-year high in 2022 despite global uncertainty and a final-quarter…

Egyptians hope to bag bargains at book fair as crisis bites

by Bahira Amin Agence France-Presse CAIRO, Egypt (AFP) -- Thousands of Egyptian bibliophiles weave through a labyrinthine display of books,…

Saudi Arabia captures cycling in sports charm offensive

by Jacques KLOPP Agence France-Presse AL-ULA, Saudi Arabia (AFP) -- Cycling is the newest gem in Saudi Arabia's expanding collection…

Who is India’s Adani and why is his company tanking?

The business empire of Gautam Adani has shed tens of billions of dollars in value on the back of a…

Eurozone dodges recession with weak fourth-quarter growth

  The eurozone economy will avoid a recession this winter after recording weak-but-positive growth of 0.1 percent in the fourth…

Pakistan’s economy in ‘collapse’ as IMF visits

ISLAMABAD, Pakistan (AFP) -- Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy…

China manufacturing activity rebounds in January

BEIJING, China (AFP) -- China's factory activity expanded in January after four months of contraction, official data showed Tuesday, as…

Hong Kong’s sovereign wealth fund suffers record loss

Hong Kong, China | AFP Hong Kong's half-trillion-dollar investment fund set up to defend the financial hub's currency has suffered…

US growth slows to 2.1% in 2022 as downturn fears loom

Washington, United States | AFP | Thursday 1/26/2023   The US economy grew at a slower pace in 2022, the Commerce…

South Korean economy shrinks for first time since early 2020

Seoul, South Korea | AFP | Thursday 1/26/2023 South Korea's economy shrank in October-December for the first time since the…

Philippines economy grows 7.6% despite inflation threat

MANILA, Philippines (AFP) -- The Philippines’ economic growth beat expectations last year, fuelled by strong consumer spending despite rising consumer…

Bank of Japan leaves policy unchanged, yen weakens

Tokyo, Japan (AFP) by Kyoko HASEGAWA / Sara HUSSEIN Japan's central bank left its ultra-easy monetary policy unchanged Wednesday, bucking…

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