economy

Myanmar’s junta powerless as currency drops 60 percent in four weeks, economy tanks
World

Myanmar’s junta powerless as currency drops 60 percent in four weeks, economy tanks

Sept 29 (Reuters) – Myanmar’s currency has lost more than 60 percent of its value since the beginning of September…
China power crunch spreads, shutting factories and dimming growth outlook
World

China power crunch spreads, shutting factories and dimming growth outlook

BEIJING, Sept 27 (Reuters) – Widening power shortages in China have halted production at numerous factories including many supplying Apple…
Egyptian gov’t mulls plan to return workers to Libya and Iraq
Business

Egyptian gov’t mulls plan to return workers to Libya and Iraq

On Friday, Egyptian Prime Minister Mostafa Madbouly discussed with Minister of Manpower Mohamed Saafan the return of Egyptian workers to…
Lira hits record lows as rate cut sets Turkey on uncertain path
Middle East

Lira hits record lows as rate cut sets Turkey on uncertain path

ANKARA, Sept 24 (Reuters) – Turkey’s lira hit an all-time low against the dollar on Friday, a day after the…
Census: Relief payments staved off hardship in COVID crash
World

Census: Relief payments staved off hardship in COVID crash

WASHINGTON (AP) — The share of Americans living in poverty rose slightly as the COVID-19 pandemic shook the economy last…
Turkey jobless rate climbs to 12% in July as supports end
Middle East

Turkey jobless rate climbs to 12% in July as supports end

ISTANBUL, Sept 10 (Reuters) – Turkey’s unemployment rate rose to 12.0 percent in July from 10.6 percent a month earlier…
UK PM Johnson raises taxes to tackle health and social care crisis
World

UK PM Johnson raises taxes to tackle health and social care crisis

LONDON, Sept 7 (Reuters) – British Prime Minister Boris Johnson set out plans on Tuesday to raise taxes on workers,…
El Salvador leads the world into cryptocurrency: bitcoin legal tender
World

El Salvador leads the world into cryptocurrency: bitcoin legal tender

SAN SALVADOR, Sept 7 (Reuters) – El Salvador on Tuesday became the first country in the world to adopt bitcoin…
UAE announces plans to boost economy, attract workers
Middle East

UAE announces plans to boost economy, attract workers

DUBAI, Sept 5 (Reuters) – The United Arab Emirates plans to launch 50 new economic initiatives to boost the country’s…
US jobless claims reach a pandemic low as hiring strengthens
World

US jobless claims reach a pandemic low as hiring strengthens

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 340,000, a pandemic low, another sign…
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