global recession
China economy better but vital consumer demand still feeble
World
May 15, 2020
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
May 13, 2020
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
May 13, 2020
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
May 13, 2020
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
May 11, 2020
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
May 11, 2020
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
May 8, 2020
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
May 8, 2020
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
May 7, 2020
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
May 7, 2020
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…