Economy

RIYADH — Saudi Arabia is "committed" to maintaining crude capacity at 12.3 million barrels per day, Energy Minister Prince Abulaziz bin Salman said on Tuesday. Speaking at the Future Investment Initiative (FII) conference in Riyadh, he said…
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Riyadh — Global business leaders gathered in Saudi Arabia on Tuesday for a glitzy investor forum as conflict shakes the region and skepticism mounts over the Gulf kingdom's most ambitious development projects. The Future Investment…
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Nairobi — Bioeconomy is the production, use, and conservation of biological resources to produce goods that sustain communities. A new report says the promotion of bioeconomy as a way to deal with climate change holds promise for rural…
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MIAMI, FLORIDA — The last Kmart on the U.S. mainland sits at the west end of a busy suburban Miami shopping center, quiet and largely ignored. All around it are thriving chain stores attracting steady streams of customers in sectors where…
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WASHINGTON — The war in Sudan is likely to cause heavy economic damage in neighboring countries, the IMF's deputy director for Africa, Catherine Pattillo, told AFP. "What is going on there for the people in Sudan is just so heart wrenching…
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Striking workers' rejection of planemaker Boeing's BA.N latest contract offer has created a fresh threat to operations at aerospace suppliers such as family-run Independent Forge. If the strike by more than 33,000 U.S. Boeing workers…
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Iranian photographer Tannaz was on her way to Tehran's airport when European sanctions on flag carrier Iran Air forced her to return home, unable to make it to work in Paris. It was within hours of the European Union announcing measures…
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EVERETT, Wash. — Boeing reported a loss of more than $6 billion in the third quarter and immediately turned its attention to union workers who will vote Wednesday whether to accept a company contract offer or continue their crippling…
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Ethiopia’s state-owned telecommunications company has started selling shares to the public, in a move aimed at establishing a new national stock market and giving Ethiopians a stake in the company, one of the country's largest and most…
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Washington — The International Monetary Fund on Tuesday upgraded its economic outlook for the United States this year, while lowering its expectations for growth in Europe and China. It left its forecast for global growth unchanged at a…
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