Afghanistan’s Taliban announced Thursday they have signed more than $6.5 billion worth of mining contracts with local and foreign companies from China, Iran, Turkey and Britain. Shahabuddin Dilawar, the Taliban…
more ...US Commerce Secretary Wraps Up China Visit With Commitments for More Talks
U.S. Commerce Secretary Gina Raimondo wrapped up a four-day visit to China on Wednesday in the latest move by U.S. President Joe Biden’s administration to stabilize commercial and trade links…
more ...Chinese Demand for Steel Not as Dire as Data Suggests, Brazil Miner Says
Brazilian mining company Vale SA sees declining steel demand in China, the world’s largest producer, but the situation is not as dire as some indicators suggest, the company’s vice president…
more ...Support Grows for Sustainable Development, a ‘Bioeconomy,’ in the Amazon
If all goes according to plan, in a few weeks people will be sipping a shake that Marcelo Salazar has been developing for three years, made from the Amazon jungle’s…
more ...Thailand’s Droughts Could Damage Economy, Increase Poverty, Experts Say
Record-breaking temperatures, reduced rainfall and changes in the natural climate are set to damage Thailand’s economy and increase poverty, experts say. Thailand is suffering from droughts caused by the El…
more ...Trump, Biden Policies Shifted Trade from China, Study Shows
U.S. trade has shifted away from China due to policies enacted by the Biden and Trump administrations, but U.S. reliance on China-linked supply chains has not necessarily been reduced and…
more ...Protests in Syria’s Southern Druze Enclave Appear To Be Gaining Momentum
A crowd of what appeared to be several hundred protesters in the southern Druze city of Suwaida, Syria, chanted slogans targeting the Syrian government Saturday on the seventh day of…
more ...Fed’s Powell: Higher Rates May Be Needed, Will Move ‘Carefully’
The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as…
more ...China Tries To Defuse Economic Fears After Developer’s Debt Struggle
China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their…
more ...Evergrande Seeks US Court Nod for $32B Debt Overhaul as China Economic Fears Mount
Embattled developer China Evergrande Group has filed for bankruptcy protection in a U.S. court as part of one of the world’s biggest debt restructuring exercises, as anxiety grows over China’s…
more ...China’s Xi Calls for Patience Amid Economic Slump
Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said Western countries are “increasingly…
more ...Despite Improving Indicators, Biden Still Scores Low on Economy
One year after passing the Inflation Reduction Act, President Joe Biden is in Wisconsin touting the success of his ‘Bidenomics.’ But despite legislative wins and improving economic indicators, the president…
more ...China Cuts Key Rates as Weak Batch of July Data Darkens Economic Outlook
A broad array of Chinese data on Tuesday highlighted intensifying pressure on the economy from multiple fronts, prompting Beijing to cut key policy rates to shore up activity but analysts…
more ...Russia’s Ruble Hits Its Lowest Level Since Early in Ukraine War
The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy…
more ...Rising Prices for Travel Yet to Curb Wanderlust
The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings. While…
more ...Audit of Lebanon’s Central Bank Finds Misconduct, ‘Illegitimate’ Commissions
A forensic audit into Lebanon’s central bank by a New York-based company has revealed yearslong misconduct by the bank’s former governor and $111 million in “illegitimate commissions,” according to a…
more ...China’s Slide Into Deflation Raises Concerns About Economic Future
After months of concern that the Chinese economy was teetering on the brink of potentially damaging deflation, Beijing’s National Bureau of Statistics this week made it official, reporting that overall…
more ...US Consumer Prices Edged Higher in July
U.S. consumer prices edged higher in July, the government reported Thursday, but underlying data signaled that inflation is not starting to resurge in the world’s biggest economy. The Labor Department…
more ...China’s July Exports Tumble, Adding to Pressure to Shore Up Economy
China’s exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. Imports tumbled 12.4%, customs data…
more ...China Accused of ‘Hypocrisy’ as Japan Set to Release Fukushima Wastewater
Japan is due to start releasing wastewater used to cool the crippled reactors at the Fukushima nuclear plant as soon as the end of August. China has criticized the planned…
more ...US Inflation Has Steadily Cooled, Getting Down to Fed’s Target Rate Will Be Tougher
Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for…
more ...Fed Officials Sketch Case on Both Sides of Rate Debate
The contours of the debate at the heart of the Federal Reserve’s policy decision next month came into clearer view on Monday as officials outlined the case for and against…
more ...Power Prices Surge as Cost-of-Living Pressures Increase in Australia
New Australian Bureau of Statistics data reveals a record number of people are working multiple jobs as households try to keep up with the surge in the cost of living.…
more ...Biden Order Curbing Investment to China Expected Next Week, Sources Say
President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China early next week, according to people familiar with the matter.…
more ...Is China Responsible for Pakistan’s Debt Problem?
Pakistan and China are marking a decade of economic cooperation with much fanfare these days as the China-Pakistan Economic Corridor, popularly known as CPEC, completes 10 years. Experts say while…
more ...Global Food Security on APEC Meeting Agenda in Seattle
The regional economic forum APEC has begun hosting senior official and ministerial meetings in Seattle, Washington. This year, the United States will host the annual gathering as it navigates a…
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