Finance ministers from the Group of 20 industrialized nations will begin a two-day meeting in Jakarta, Indonesia, on Thursday as many poorer nations deal with a growing debt crisis. The…
more ...Poorer Nations Face ‘Lost Decade’ Over COVID-19 Debt Crisis, UN Warns
Finance ministers from the Group of 20 industrialized nations began a two-day meeting in Jakarta, Indonesia, Thursday, amid a growing debt crisis. The coronavirus pandemic has seen many poorer countries…
more ...Accounting Firm: Trump Financial Statements Aren’t Reliable
The accounting firm that prepared former President Donald Trump’s annual financial statements says the documents, used to secure lucrative loans and burnish Trump’s image as a wealthy businessman, “should no…
more ...Japan’s Kirin Brewery to Withdraw From Myanmar
Japanese drinks giant Kirin said Monday it would withdraw from Myanmar, after a failed bid to disentangle its operations from a joint venture with a junta-owned company after last year’s…
more ...Super Bowl Ads Look Toward the Future — and the Past
Super Bowl advertisers this year want Americans to forget about pandemic woes and focus on the future: of electric vehicles, mind reading Alexas, robots and cryptocurrency — and also to…
more ...Botswana Offers Start-Up Wildlife Stock to Farmers to Boost Agro-Tourism
In a bid to boost agro-tourism, the Botswana government is offering wildlife start-up stock to farmers to keep in their ploughing fields. The government says the move will give locals…
more ...Karzai: US Money Seizure ‘Atrocity’ Against Afghans
Afghanistan’s former president, Hamid Karzai, joined the Taliban rulers Sunday in urging the United States to review its decision to allow half of the roughly $7 billion in his country’s…
more ...Digital Lending Shakes Up Cambodia’s Over-indebted Banking Sector
A new report found that Cambodia had 2.8 million loans for 3.6 million households, totaling $11.8 billion, with an average “microloan” size of $4,280, higher than the annual income of…
more ...EU Chief Announces $172 Million Investment for Africa
European Commission President Ursula von der Leyen Thursday announced a more than $172 billion investment plan for Africa, as part of the European Union’s Global Gateway infrastructure initiative. Von der…
more ...Trucker-Led Protest Threatens Business in Canada, US
A trucker-led protest of coronavirus vaccine mandates that is blocking traffic at a key bridge linking the United States and Canada picked up urgency as it threatens to dampen business…
more ...Trudeau Slams Trucker Protests as Copycat Convoys Spread
Canadian Prime Minister Justin Trudeau lambasted trucker-led protests that have shut down central Ottawa in anger at COVID-19 health rules, as France and New Zealand moved Thursday to stop their…
more ...COVID-19 Truck Blockade in Canada Shuts Down Auto Plants
A blockade of the bridge between Canada and Detroit by protesters demanding an end to Canada’s COVID-19 restrictions forced the shutdown Wednesday of a Ford plant and began to have…
more ...US Trade Deficit Hits Record, Reflecting Strong Economic Growth
The United States posted its largest ever full-year trade deficit in the 12 months ending in December, according to data released by the Commerce Department on Tuesday, signaling continued strong…
more ...Biden Touts ‘American Manufacturing Comeback,’ New Tennessee Plant
President Joe Biden on Tuesday announced that an Australian company that makes chargers for electric vehicles will build a manufacturing facility in Tennessee, while reiterating his commitment to make the…
more ...US Economy Defies Omicron and Adds 467,000 Jobs in January
In a surprising burst of hiring, America’s employers added a robust 467,000 jobs last month, a sign of the economy’s resilience in the face of a wave of omicron infections. …
more ...NATO Chief Stoltenberg Appointed to Run Norway’s Central Bank
Norway’s central bank, Norges Bank, announced Friday it has appointed NATO Secretary-General Jens Stoltenberg to take over as its next governor after his term leading the military alliance ends later…
more ...Mali Government Blames Sanctions for Treasury Bonds Default
Mali has failed to meet debt payments of some $40 million in treasury bonds, blaming sanctions imposed on the country’s military junta by West African bloc ECOWAS. The Malian Economy…
more ...China, COVID-19, Lunar New Year: Perfect Storm for Supply Chain Delays
The most recent COVID-19 cases in China have put even more stress on an already strained supply chain, causing delays in the shipping of everyday items to the United States.…
more ...US National Debt Tops $30 Trillion for First Time in History
The Treasury Department this week reported that the total national debt of the United States surpassed $30 trillion for the first time in history, an amount equal to nearly 130%…
more ...South Africa Luxury Housing Market Sees Boom in Demand
South Africa’s luxury housing dealers say the market is booming despite the economic damage from the coronavirus pandemic. Real estate agents say the need to work from home and have…
more ...India Projects Strong Economic Rebound After Pandemic
India’s government has pledged to spend billions of dollars on public infrastructure to reboot an economy that is bouncing back from the massive contraction it suffered during the novel coronavirus…
more ...Malaysian Businesses Pivot Amid Tourism Decline
At the W Kuala Lumpur hotel, high tea sets are prepared for delivery to customers celebrating the upcoming Chinese New Year. Inside are meats such as rolled smoked duck as…
more ...Iran Supreme Leader Says ‘Wrong Decisions’ Have Hurt Economy
Iran’s Supreme Leader Ali Khamenei said Sunday that the country’s poor economic situation was not only due to international sanctions but also to government mismanagement. “Wrong decisions and shortcomings” were…
more ...Violent Protests Highlight India’s Grim Unemployment Situation
Violent protests by job seekers that gripped two Indian states this week have turned the spotlight on India’s unemployment crisis, especially among young and educated people, economists say. Angry mobs…
more ...Consumer Spending Drops as Inflation Continues to Rise
A key inflation indicator was up 5.8% over last year, the Commerce Department said Friday. It was the indicator’s highest jump since 1982. The rise came in the government’s personal…
more ...US Congress Considers Bills to Boost Competition with China
With President Joe Biden’s broader domestic agenda stymied in the Senate, Democratic leaders in Congress have begun looking for legislative victories elsewhere, with a new focus on improving the U.S.…
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