Economy
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Business
UK debt repayments soar on high inflation
London: Interest repayments on UK government debt have soared as the country’s inflation reaches the highest levels in decades, official…
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Business
UK economy shrinks for second month in a row
London: British economic output declined for a second month in a row in April, weighed down by decades-high inflation, official…
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Business
Philippine economy rebounds in 2021 as COVID rules relaxed
MANILA: The Philippine economy rebounded stronger than expected in 2021 after a relaxation of COVID-19 rules fuelled consumer spending and…
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Business
Omicron hangs over Bank of England’s rate decision
LONDON: The Bank of England will likely hold its interest rates at their current record lows tomorrow as it weighs…
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Business
Afghans go back to making carpets as economy unravels
KABUL: Four Afghan brothers have hauled their family’s carpet loom out of storage in the desperate hope of earning a…
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Business
Lindner, car lover at wheel of Europe’s top economy
BERLIN: Germany’s new finance minister Christian Lindner is known for a firm hand at the wheel of his pro-business Free…
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Business
China has a key role to play in global economy: Georgieva
WASHINGTON/BEIJING: China has an important part to play in the global economy as it recovers from COVID-19, but its growth…
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Business
Governments help arms firms avoid COVID slump: Report
STOCKHOLM: The world’s biggest weapons manufacturers largely avoided the economic downturn caused by COVID-19 and recorded a growth in profits…
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Business
US closely monitoring China, Switzerland currency policies
WASHINGTON: The US Treasury said it will keep a close eye on China’s economic policies and actions to influence the…
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Business
Laos hopes for economic boost from Chinese-built railway
BANGKOK: A new $6 billion Chinese-built railway line opens in Laos this week, bringing hopes of an economic boost to…
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Business
New COVID variant spurs risk off mode and volatility in markets
KUWAIT: The Federal Reserve released the minutes of their meeting from earlier this month expressing their concern about inflation. Fed…
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Business
Flash mob thefts terrorize US retailers
WASHINGTON: US retailers are adding security and locking up goods after flash mob heists involving dozens of thieves at once…
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