economy

China factory activity shrinks for first time since February 2020

Chinese factory activity contracted in September for the first time since the height of its initial coronavirus outbreak in February…

Vietnam’s economy suffers record contraction in Q3

HANOI, Vietnam (AFP) -- Vietnam's economy suffered its heaviest contraction on record in the third quarter, officials said Wednesday, after…

Argentina makes $1.9 billion debt payment to IMF

BUENOS AIRES, Argentina (AFP) -- Argentina on Wednesday made a nearly $1.9 billion payment toward a $44 billion loan from…

ADB cuts Asia growth forecast on slow Covid vaccine rollout

MANILA, Philippines (AFP) -- The Asian Development Bank warned of "lasting scars" from the coronavirus pandemic as it cut its…

UK inflation strikes nine-year peak as economy reopens

by Roland JACKSON LONDON, United Kingdom (AFP) -- British annual inflation spiked in August to a nine-year peak on the…

In world first, bitcoin becomes legal tender in El Salvador

by Carlos Mario Marquez and Moises Avila SAN SALVADOR, El Salvador (AFP) -- El Salvador on Tuesday became the first…

UAE loosens residency requirements with ‘green visa’

DUBAI, United Arab Emirates (AFP) -- The UAE announced a new visa Sunday allowing foreigners to work in the country…

‘Silent crisis’ looms as US to end Covid aid for millions of jobless

  by Chris Stein Agence France Presse WASHINGTON, United States (AFP) -- Spending less on food. Drawing down on retirement…

Sri Lanka raids sugar stocks as food shortages bite

COLOMBO, Sri Lanka (AFP) -- Sri Lankan government officials on Wednesday raided private warehouses to seize thousands of tonnes of…

Asian markets fluctuate as traders weigh recovery against Delta

HONG KONG, China (AFP) --- Asian markets were mixed Wednesday as investors tried to assess whether the global recovery will…

Sri Lanka declares food emergency as forex crisis worsens

COLOMBO, Sri Lanka (AFP) -- Sri Lanka on Tuesday declared a state of emergency over food shortages as private banks…

UK unemployment dips as economy reopens

LONDON, United Kingdom (AFP) -- Britain's unemployment rate dipped in the second quarter on reopening of the economy that has…

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