Economy

How do you cook a meal when a staple ingredient is unaffordable?  This question is playing out in households around the world as they face shortages of essential foods like rice, cooking oil and onions. That is because countries have…
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At sunset, Bangkok’s Huai Khwang district comes alive with Chinese-speaking pedestrians bustling to their favorite hot pot restaurants among the many lining Pracharat Bamphen Road. The hungry parade is just one indication of how an influx…
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Low-income Kenyans have been hit hardest by high inflation, a new report says. Low-income households experienced a challenging 2022 because of the increased cost of living, said Rose Ngugi, director of the Kenya Institute for Public…
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New Delhi’s bid to expand its economic and diplomatic clout beyond Asia received a major boost with the announcement at this month’s G20 summit of ambitious plans to develop a new trade route running from India through the Middle East to…
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Some Zimbabweans living in abject poverty are reacting angrily to claims by President Emmerson Mnangagwa that the country’s economy is the fastest growing in the southern African region. Columbus Mavhunga reports from Harare, where some…
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The earthquake that killed nearly 3,000 people in Morocco’s High Atlas Mountains this month also took a toll on the region’s flourishing tourist industry — a key source of jobs and income. The raft of tourist cancellations adds to the many…
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The Bank of England has paused nearly two years of interest rate increases after a surprising fall in U.K. inflation eased concerns about the pace of price rises. In a development Thursday that few predicted just two days ago, the central…
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The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it's moderating its fight against inflation as price pressures have eased. But Fed officials also signaled that…
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After a strict COVID-19 lockdown that shattered its tourism industry between 2020 and 2022, China is trying to revive the market by making it easier for foreigners to visit the country. Under a new set of visa application requirements…
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A leading global risk consultancy says that despite the impacts of the war in Ukraine, global inflation, climate and security challenges, Africa continues to find resilience. A new report by Control Risks and its economics consulting…
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