Economy
World / Countries / MNCs
Washington: As the US faces a potential debt default, President Joe Biden and his Republican opponents have reached an in-principle agreement to raise the US debt ceiling to avert a default, media reports said. more
African free trade area could spur sustainable growth: UN chief

New York: The robust growth that many African countries experienced before COVID-19 was lost to the pandemic, UN Secretary-General António Guterres said on Wednesday, highlighting ...

China facing large income gap between its rich, poor: Report

Beijing: China is facing a large income gap between its poor and rich, shows the country’s income distribution statistics, according to The Times of Israel.

China witnessing a rise in youth joblessness crisis

Beijing: China's youth unemployment rate has increased and the latest data shows that the jobless rate for people aged between 16 and 24 is over 20 percent now.

Macro-economic management policy of Bangladesh is prudent enough to avoid China's debt trap: Expert

Beijing/Dhaka: A top foreign policy analyst feels that the macro-economic management policy of Bangladesh is prudent enough to avoid China's debt trap.

Facebook fined 1.2 billion euro over mishandling of users' data

Brussels: Following the EDPB’s binding dispute resolution decision of Apr 13, Meta Platforms Ireland Limited (Meta IE) was issued a 1.2 billion euro fine following an inquiry into i ...

Post-pandemic world economy still feeling COVID-19’s sting

New York: Prospects for a robust global economic recovery remain dim as the lingering effects of the COVID-19 pandemic carry on, according to the UN’s latest World Economic Situatio ...

Vodafone plans to slash 11,000 jobs over next three years

Telecom major Vodafone on Tuesday said it might cut 11,000 jobs over three years.

Smartphone gloom: China's Oppo to stop chip development

Beijing: Popular Chinese smartphone maker Oppo has cited the uncertainty in the global economy and the gloomy smartphone market as the reason behind its decision to shut down its semicond ...

Elon Musk officially names Linda Yaccarino as Twitter CEO

Elon Musk on Friday officially named longtime media executive Linda Yaccarino as the new CEO of Twitter, a crucial move announced by him since buying the micro-blogging site.