global recession

China economy better but vital consumer demand still feeble
World

China economy better but vital consumer demand still feeble

BEIJING (AP) — Factory output rose in April as China’s virus-battered economy reopened but job losses depressed consumer spending, a…
Turkey crunch would pack only weak punch for emerging markets
Economy

Turkey crunch would pack only weak punch for emerging markets

LONDON (Reuters) — Turkey could be heading for another financial crunch but its diminished importance for investors in developing economies…
Saudi Aramco debt to climb as world’s largest dividend weighs
Economy

Saudi Aramco debt to climb as world’s largest dividend weighs

LONDON (Reuters) — Saudi Aramco’s debt is expected breach target levels as an oil price collapse triggered by the coronavirus…
Built for a global economy, Dubai now threatened by virus
Middle East

Built for a global economy, Dubai now threatened by virus

DUBAI, United Arab Emirates (AP) — Dubai built a city of skyscrapers and artificial archipelagos on the promise of globalization,…
Lebanon faces grave threat to stability as poverty mounts
Middle East

Lebanon faces grave threat to stability as poverty mounts

TRIPOLI, Lebanon (AP) — Living in a slum built precariously on the banks of a sewage-tainted river in Lebanon, Faiqqa…
Saudi Arabia triples taxes, cuts $26 bn in costs amid pandemic
Middle East

Saudi Arabia triples taxes, cuts $26 bn in costs amid pandemic

DUBAI, United Arab Emirates (AP) — Saudi Arabia announced Monday it was tripling taxes on basic goods, raising them to…
The Coronavirus Crisis Raises Contradictions in Western Countries
Opinion

The Coronavirus Crisis Raises Contradictions in Western Countries

Decision-making circles in the world’s countries today are not only preoccupied with how to develop and test ways to limit…
Amid pandemic, the world’s working poor hustle to survive
World

Amid pandemic, the world’s working poor hustle to survive

DUBAI, United Arab Emirates (AP) — From India to Argentina, untold millions who were already struggling to get by on…
Turkish lira falls to record low against US dollar
Economy

Turkish lira falls to record low against US dollar

ISTANBUL (Reuters) — Turkey’s lira fell to a record low against the US dollar on Thursday after traders interpreted comments…
33 million have sought US unemployment aid since virus hit
World

33 million have sought US unemployment aid since virus hit

WASHINGTON (AP) — Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by…
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