economic

The Costs Of Erdogan’s Fight For Turkey’s ‘Economic Independence’

Business / By

Turkey’s consumer prices have soared by the highest rate since 2002, further undermining President Recep Tayyip Erdogan’s unorthodox battle for his developing country’s “economic independence”. Analysts attribute the jump of the official reading to 36.1 percent last month to the surging cost of imports, which range from energy to many of the raw materials Turkey’s …

The Costs Of Erdogan’s Fight For Turkey’s ‘Economic Independence’ Read More »

Pakistan Warns Of ‘Grave Consequences’ From Afghan Economic Meltdown

Business / By

Pakistan warned Sunday of “grave consequences” for the international community if Afghanistan’s economic meltdown continued, urging world leaders to find ways to engage with the Taliban to help prevent a humanitarian catastrophe. Speaking at the opening of a special meeting of the 57-member Organisation of Islamic Cooperation (OIC) in Islamabad, Pakistan foreign minister Shah Mahmood …

Pakistan Warns Of ‘Grave Consequences’ From Afghan Economic Meltdown Read More »

China Spending Data Adds To Worries Over Economic Rebound

Business / By

Chinese consumer spending grew at a slower-than-expected pace in November, data released Wednesday showed, with analysts warning that an uptick in coronavirus cases was dampening sentiment and adding to questions over a rebound in the world’s second-largest economy. China’s economy bounced back quickly from the pandemic after authorities contained Covid-19 with strict border controls and …

China Spending Data Adds To Worries Over Economic Rebound Read More »

Turkey Lira Crashes As Erdogan Warns Of ‘Economic War’

Business / By

The Turkish lira plunged to record lows Tuesday after President Recep Tayyip Erdogan stuck to his support for interest rate cuts, warning his country was in a “war of economic independence”. The Turkish currency exchanged hands at more than 13 lira to the dollar, a 15 percent fall, before recovering slightly from the historic drop. …

Turkey Lira Crashes As Erdogan Warns Of ‘Economic War’ Read More »

Afghanistan ‘At Brink Of Economic Collapse’, Warns Pakistan

Business / By

Afghanistan is “at the brink of economic collapse” and the international community must urgently resume funding and provide humanitarian assistance, Pakistan’s foreign minister warned Thursday at a meeting with US, Chinese, Russian and Taliban diplomats in Islamabad. Shah Mehmood Qureshi spoke at the opening of the so-called “troika plus” meeting, which included Thomas West, the …

Afghanistan ‘At Brink Of Economic Collapse’, Warns Pakistan Read More »

US Court Convicts Chinese Intelligence Agent Of Economic Espionage

Business / By

A Chinese intelligence officer was convicted in US federal court Friday of economic espionage in an alleged state-backed effort to steal technology from US and French aerospace firms, the Justice Department said. Xu Yanjun, an official in the Jiangsu province foreign intelligence office of the Ministry of State Security, was found guilty in the Cincinnati …

US Court Convicts Chinese Intelligence Agent Of Economic Espionage Read More »

Analysis: Cuban Communists under pressure to accelerate economic reforms

Business, Economy, Politics, Top News, World / By

FILE PHOTO: A bicycle taxi passes by a parked vintage American car in Havana, Cuba January 18, 2016. Like many of its Caribbean neighbors, communist-governed Cuba imports more than two-thirds of its food, despite having rich farmland and hundreds of urban farms sprouting up in old parking lots, rooftops, or other small plots of unused …

Analysis: Cuban Communists under pressure to accelerate economic reforms Read More »

Investors worry about economic uncertainty created by Biden’s elevated spending

Politics, Top News / By

FILE – In this Nov. 16, 2020 file photo a man wearing a mask passes the New York Stock Exchange in New York. Stocks are wavering in early trading on Wall Street, holding the market near record highs it set earlier in the week. The S&P 500 edged up 0.1% early Wednesday, April 7, 2021, …

Investors worry about economic uncertainty created by Biden’s elevated spending Read More »

U.S. adds Chinese supercomputing entities to economic blacklist

Politics, Top News / By

FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang/File Photo April 8, 2021 By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said Thursday it was adding seven Chinese supercomputing entities to a U.S. economic blacklist for assisting Chinese military efforts. The …

U.S. adds Chinese supercomputing entities to economic blacklist Read More »