economy

Russia’s operation in Ukraine not cause of global inflation: Putin

  Russian President Vladimir Putin said Friday that Moscow's military intervention in Ukraine was not the cause of global economic…

Is recession the only way out of US inflation scourge?

by Heather Scott  Agence France-Presse WASHINGTON, United States (AFP) -- A massive interest rate hike by the US Federal Reserve…

China factory output, retail sales weak as Covid shadow persists

BEIJING, China (AFP) -- China's factory output and retail sales remained weak in May, official data showed Wednesday, with tepid…

South Korean truckers end week-long strike

by Yelim Lee  Agence France-Presse INCHEON, South Korea (AFP) -- South Korean truck drivers will return to work Wednesday after…

Australia hikes minimum wage as inflation soars

SYDNEY , Australia (AFP) -- Australia raised the minimum wage by over five percent on Thursday, a slower-than-inflation increase as…

Keeping China fed as inflation surges brings risk for commodity prices

by Beiyi Seow Agence France-Presse BEIJING, China (AFP) -- Bedevilled by high fuel and fertilizer costs, along with a labor…

US gas price hits a record $5 a gallon: auto group

  NEW YORK, United States (AFP) -- The average price of premium gasoline at the pump has surpassed $5 a…

Australian PM says cabinet to address KFC ‘cabbage-gate’

SYDNEY, Australia (AFP) -- Australia's prime minister joked he would huddle with top officials Thursday to discuss the soaring cost…

OECD, World Bank see lower world growth due to Ukraine war’s ‘hefty price’

  by Jonathan JACOBSEN The OECD warned Wednesday that the world economy will pay a "hefty price" for Russia's invasion…

World Bank lowers global growth forecast

https://youtu.be/RV7AVJxTqdQ   World Bank on 07June issued a new forecast for the global economy, showing that global growth is expected…

World Bank slashes China growth forecast over Covid damage

  by Beiyi Seow Agence France-Presse BEIJING, China (AFP) -- The World Bank has sharply slashed its annual growth forecast…

Argentina president seeks special tax on Ukraine war windfalls

BUENOS AIRES, Argentina (AFP) -- Argentina's president vowed Monday to pursue a special tax on company profits boosted by the war…

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