Economy
New York: The global hunger crisis caused by conflict – and now compounded by COVID-19 – is moving into a dangerous phase, the head of the UN World Food Programme (WFP) said on Thursday, stressing that without resources, a wave of famine could sweep the globe, overwhelming nations already weakened by years of instability. more
Indians top chart of 1.77 lakh tourists visiting Nepal in first eight months of 2020

Kathmandu: As many as 1,77,675 foreign tourists visited Nepal in the first eight months of 2020 and a significant number of them were from India, as per data released by country's Dep ...

Microsoft says ByteDance refused to sell its TikTok’s US operations

Washington/Sputnik: ByteDance, the Chinese parent company of video-sharing app TikTok will not be selling parts of TikTok’s operations to Microsoft, the American tech giant announce ...

ADB approves 500-mln-USD loan to boost Philippines' disaster resilience

Manila/Xinhua: The Asian Development Bank (ADB) on Thursday approved a 500-million-U.S. dollar policy-based loan to allow the Philippines' quick access to emergency financing in the e ...

Finance Ministers meet to refine ‘single ambitious menu’ for COVID-19 recovery and beyond

New York: The UN Deputy Secretary-General has reminded Finance Ministers from across the world of their duty to help countries emerge from the social and economic chaos brought on by the ...

Japan's record GDP contraction revised down to annualized 28.1 pct in April-June quarter

Tokyo/Xinhua: Japan's economy in the April-June period shrank an annualized real 28.1 percent from the previous quarter, downwardly revised from the 27.8 percent contraction initially ...

UNICEF to lead global procurement, supply of COVID vaccines

New York: UN Children’s Fund (UNICEF) will be leading procurement and supply of COVID-19 vaccinations to ensure that all countries have safe, fast and equitable access to initial do ...

Companies shifting base from China to get push from Japan

Tokyo/UNI: Japan's Ministry of Economy, Trade and Industry (METI) has included India and Bangladesh in the list of relocation sites for companies that move their manufacturing sites f ...

Food scarcity, tanking bank profits and Covid-19: Jinping-led China's superpower ambition is pipedream

Beijing might have an eye on becoming a global superpower, but presently, it is struggling to feed its people.

COVID-19-hit China now faces a food crisis after massive floods

Beijing: Already hammered by COVID-19 pandemic, China might soon be fighting against another challenge- the food crisis- owing to the massive flood it experienced in recent times.