Nairobi/Beijing: Kenya defaulted on repayment of the Chinese loans, forcing Chinese banks to fine Sh1.312 billion in the year ended June for loan defaults.
Tokyo: The Japanese yen touched a 32-year low against the US dollar after official figures showed that prices had risen faster that expected in America.
London: Recession fear looms large over the UK as the country's economy shrank in August, media reports said.
-1665563530.jpg "UN Development Programme calls for debt relief now for 54 countries")
New York: Fifty-four countries that are home to more than half of the poorest people on the planet need urgent debt relief now, the UN Development Programme (UNDP) said in a paper publish ...
New York: Trade growth is expected to lose momentum in the second half of this year and remain subdued in 2023, as the global economy sustains multiple shocks, such as ripple effects from ...
-1665050961.jpg "Ten years of Afghan economic growth, reversed in just 12 months: UNDP")
New York: A year on from the Taliban takeover in Kabul, Afghanistan is gripped by “cascading crises”, including a crippled economy that humanitarian aid alone cannot add ...
Tokyo: Japanese electronics major Daikin industries is planning to dump China as it has failed to supply parts for manufacturing of Air conditioners, media reports said on Tuesday.
New York: The world is headed towards a global recession and prolonged stagnation unless fiscal and monetary policies holding sway in some advanced economies are quickly changed, accordin ...
Naypyidaw: Myanmar may be another nation wanting to de-dollarise its economy.
- China’s Huawei seeks to lead 5G boom in Africa amid ban in Europe, US
- Meta to layoff more than 11,000 employees, Mark Zuckerberg calls the move a 'difficult change'
- Economy slowdown plunges fortunes of China's super-rich
- China: iPhone 14 Pro, iPhone 14 Pro Max supply to be badly impacted due to COVID-19 restrictions
- Facebook's parent company Meta may begin large scale layoff this week: Reports
