Economy

Two years after Taiwan opened a representative office in Lithuania, officials from both sides stress progress in bilateral relations while analysts cite risks that the deepened engagement could be affected by domestic political shift in…
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U.S. President Joe Biden Thursday hailed a new economic agreement among 14 Asia Pacific countries aimed at countering China’s regional economic dominance, saying the deal leaders signed at a summit of regional economies – which is not a…
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US President Joe Biden on Thursday stressed the strength of America’s economic growth in a bid to sway 19 Asia-Pacific economies to partner with the U.S. — as China’s leader did the same at this week’s gathering of Asian leaders and…
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Malawi President Lazarus Chakwera has suspended his foreign trips and those of government officials as part of austerity measures to cushion the impact of the recent 44% devaluation of local currency on the country's economy. In his…
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Nigerian experts are hopeful that deals reached last week with Saudi Arabia will boost local oil production and help grow the economy. The deals included a pledge by Saudi officials to fix Nigeria’s four broken oil refineries, which haven’t…
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The U.S. House of Representatives voted 336-95 on Tuesday to approve a plan to avert a partial government shutdown on Saturday but at the same time push off contentious debates over spending priorities until early 2024. Current funding…
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With a government shutdown looming and a federal deficit that continues to climb, the bond rating firm Moody’s on Friday lowered its outlook for U.S. Treasury debt to “negative” from “stable.”   The change is a signal that Moody’s, the…
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Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from U.S. President Joe Biden's…
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China's annual "Singles Day" sales bonanza wraps up at midnight Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world's second-largest economy slows. Conceived by tech giant Alibaba,…
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A new U.N. report paints a stark picture of the collapse of the Palestinian economy after a month of war and Israel's near total siege of Gaza. The gross domestic product shrank 4% in the West Bank and Gaza in the war's first month,…
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