Economy
World / Countries / MNCs
Beijing: Since 1961, reliable statistics have been kept. This summer has been the driest and warmest in China. A drought developed as a result of the intense weather, and it is still getting worse. more
European investments in China slowly decreasing

Beijing: European corporate investment in China is slackening as the country’s real estate market is slumping, and consumer spending is drying up due to the stringent COVID-19 polic ...

As global economic crises ‘pile up’, Ghanaian leader says it's time for urgent attention

New York: It was doubtful that any generation of Earth’s inhabitants has ever witnessed “such a perfect storm of global economic chaos, a war with global consequences, and an ...

Renewable energy jobs rise by 700,000 in a year, to nearly 13 million

New York: Worldwide employment in the renewable energy sector reached 12.7 million last year, a jump of 700,000 new jobs in just 12 months, despite the lingering effects of COVID-19 and t ...

Afghanistan to auction $12m to stabilize currency

Kabul: Afghanistan's Da Afghanistan Bank (DAB) said on Wednesday that it has put in auction 12 million US dollars as part of efforts to keep the local currency afghani stable.

Financing education, imperative for 'peaceful, prosperous, stable societies’ – UN chief

New York: Education systems around the world need “more, not less money” the UN chief told journalists on Saturday during a joint press stakeout on the Transforming Education ...

COVID-19 lockdown: China’s smartphone shipments tumble 31% in July

Beijing: China's lack of major smartphone releases and weak consumer sentiment led to a plunge of shipment of the gadget by 31 percent in July, media reports said.

Sri Lanka: GDP shrinks 8.4 pc in 2Q

Sri Lanka's economy has officially entered into a period of recession with back-to-back negative growth rates in the first and second quarters amid unending economic and political tur ...

Human rights: Inflation threatens everyone’s right to development

Rising global inflation is expected to hit emerging and developing economies particularly hard this year, adding to a “confluence of crises” that threatens us all, the UN&rsqu ...

German politician says Sri Lanka is the most glaring example of how BRI debt trap can ruin a nation

Berlin: German politician Jo Leinen, who is also a former Minister of Environment and Member of the European Parliament, has said Sri Lanka might be the most glaring example of how the BR ...