Economy

Green recovery policies once in lifetime opportunity to raise climate ambitions in Asia-Pacific

Bangkok: While much of the attention this year has been focused on protecting populations as well as the socio-economic impacts and recovery needed, high-level officials from across the Asia-Pacific this week called upon countries to address the environmental roots of the Covid-19 pandemic to further protect the health of people and the planet, an official press release said. more

Guterres spotlights ‘critical role’ of aviation in pandemic recovery, marking International Day

New York: The UN Secretary-General has called for greater support for the aviation sector, badly hit by the COVID-19 pandemic, to allow it to better weather the global economic crisis spa ...

Japan to adopt new economic stimulus package worth more than $707 billion: Suga

Tokyo/Sputnik: Japan will adopt new stimulus measures on Tuesday including a package worth 73.6 trillion yen (over $707 billion) aimed at supporting the economy amid the coronavirus pande ...

US govt announces to block cotton import from forced labour camps in Xinjiang

Washington: The US government has said it will block cotton imports from forced labour camps in China's Xinjiang region where millions of Uyghur Muslims are persecuted.

Would pursue trade policies to produce progress on China’s abusive practices: US President-elect Joe Biden

Washington: US President-elect Joe Biden has said his goal as the head of the country would be to pursue trade policies which are actually more progressive on China’s abusive practi ...

Multinationals in US lobby against Xinjiang forced labour bill: Report

New York: Major multinational companies and business groups are lobbying Congress to weaken a bill that would ban imported goods made with forced labor in China’s Xinjiang region, m ...

Despite border clashes, China falls back on India for rice import

New Delhi: At a time when India and China are engaged in a bitter border standoff for quite sometime now, Beijing started importing Indian rice after a gap of two years and placed orders ...

Canada now extends security review of Chinese state firm’s gold mine bid

Ottawa: The Canadian government has extended a national security review of a US$165 million Chinese takeover of a Canadian gold mining company operating in the country’s strategic f ...

Canada's economy rebounds in 3rd quarter, Still at pre-pandemic levels: Statistics Canada

Toronto/Sputnik: The Canadian economy rebounded in the third quarter of 2020, but remains below the level observed prior to the onset of the novel coronavirus pandemic, Statistics Canada ...

COVID-19 resurgence in Pakistan: Foreign investors pull out $471.7mln from debt market

Foreign investors pulled out $471.7 million from Pakistan’s debt market in five months as lower interest rates and spike of COVID-19 weighed down their investment appetite, me ...