Economy

IRBIL, IRAQ — Dozens of people protested in front of the Central Bank of Iraq in Baghdad and bank owners called for official action to stem a sharp increase in the dollar exchange rate Wednesday, after the United States blacklisted 14 Iraqi…
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The U.S. Federal Reserve raised a key interest rate by a quarter of a percentage point on Wednesday, citing still-elevated inflation as a rationale for what is now the highest U.S. central bank policy rate since 2007. The hike, the Fed's…
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JOHANNESBURG — African leaders, including South African President Cyril Ramaphosa, are heading to St. Petersburg this week for the second Russia-Africa Summit, as an isolated Moscow looks to shore up its influence in a key region.…
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Japan imposed export controls on advanced microchip technologies this week, mirroring recent moves by the United States and the Netherlands. As Henry Ridgwell reports from Tokyo, the controls are widely seen as targeting China
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Snaking lines for fuel, empty shelves in food stores, angry street protests — those were common scenes in Sri Lanka last year when the country became bankrupt. Now, the long waits outside fuel stations have gone, markets are again…
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After Russia withdrew from a deal allowing Ukraine to export grain through ports on the Black Sea, the Kremlin launched attacks on Ukrainian ports and grain hubs. Anna Kosstutschenko spoke with Ukrainian farmers about how this will impact…
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WASHINGTON — The International Monetary Fund on Tuesday raised its 2023 global growth estimates slightly given resilient economic activity in the first quarter, but warned that persistent challenges were dampening the medium-term outlook.…
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Elon Musk has unveiled a new black and white "X" logo to replace Twitter's famous blue bird as he follows through with a major rebranding of the social media platform he bought for $44 billion last year. Musk replaced his own Twitter icon…
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A ban imposed by India on exports of several categories of rice due to rising domestic prices and fears of a shortfall in the next crop yield could drive up global prices of the grain at a time when food insecurity is already a concern,…
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A little-publicized clause in the U.S. Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race to undermine China's dominance of the…
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