economy

India announces $6.7 bn in cheap loans for vaccine, health firms

MUMBAI, India (AFP) -- India's central bank released $6.7 billion in cheap financing for vaccine makers, hospitals and other health…

Venezuela triples wages but still not enough to buy food

  CARACAS, Venezuela (AFP) -- Venezuela nearly tripled its minimum wage Saturday but inflation is so outrageous that that amount…

UK consumer price inflation quickens in March

LONDON, United Kingdom (AFP) -- Britain's annual inflation rate accelerated in March, official data showed Wednesday, stoking analyst fears of…

Russian government’s main task is to boost incomes: Putin

MOSCOW, Russia (AFP) -- President Vladimir Putin, whose United Russia party is deeply unpopular ahead of September elections, said Wednesday…

UK unemployment dips to 4.9%: official data

LONDON, United Kingdom (AFP) -- Britain's unemployment rate dipped to 4.9 percent in the three months to the end of…

Lebanon PM calls on Qatar to rescue nation facing ‘total collapse’

DOHA, Qatar (AFP) -- Lebanon's caretaker Prime Minister Hassan Diab called for wealthy Qatar's help during a visit to the…

France says deficits rise as Covid destroys rebound hopes

  PARIS, France (AFP) -- France's government deficit will deepen and public debt rise after a lingering Covid crisis smashed…

Saudi plans to invest $3.2 trillion to boost private sector

RIYADH, Saudi Arabia (AFP) -- Saudi Arabia announced plans Tuesday to pump $3.2 trillion in fresh investments by 2030 to…

ECOP president says ECQ extension would be too much for economy, would lead to more hungry people

Says ECQ extension not the only way to address COVID-19 rise, urges gov't to look at response of other ASEAN…

Renewed lockdowns send oil prices tumbling

NEW YORK, United States (AFP) -- Oil prices nosedived Tuesday on lower demand prospects as Europe's biggest economy Germany said…

New Zealand economy posts record decline in 2020

WELLINGTON, New Zealand (AFP) -- New Zealand's economy shrank at a record rate of 2.9 percent in 2020 due to…

US won’t reach ‘maximum employment’ this year: Powell

by Heather SCOTT WASHINGTON, United States (AFP) -- The US labor market faces a lengthy recovery and the economy will…

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