Economy

When Caroline Sadaka buys groceries in the Lebanese capital Beirut, she keeps her phone in hand – not to check her shopping list but to calculate the spiraling costs of goods now priced at volatile exchange rates that vary by store and…
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The collapse of Silicon Valley Bank has caused panic not just in the U.S. tech industry but also in China, where the bank has been a key player for years among Chinese startups. In recent days, many startups in China have issued…
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China's central bank on Friday announced a cut to the amount of cash banks are required to hold in reserve for the first time this year, in a move designed to shore up an economy weakened by the pandemic. The People's Bank of China (PBOC)…
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With fewer people coming to work at offices in Manhattan, New York City's commercial real estate market has lost about $400 billion dollars in value since the start of the pandemic. Aron Ranen has this story from the Big Apple.
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U.S. Treasury Secretary Janet Yellen told lawmakers on Thursday the U.S. banking system remains sound even though two regional banks failed in the last week. She told the Senate Finance Committee that Americans “can feel confident” their…
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Central African economy ministers are calling for investing in energy and farming as Africa's poorest region struggles to recover from natural disasters, armed conflicts, and fallout from Russia's invasion of Ukraine.  Heads of state from…
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The EU will reveal hotly debated proposals Thursday to boost spending on clean tech, possibly overcoming internal divisions to include nuclear energy in the mix, to confront growing industrial competition from the United States and China.…
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Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices. The disclosure came just hours after the Swiss National Bank said capital and…
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Stock markets in Europe and the U.S. tumbled Wednesday as investors worried about the stability of global banking systems in the immediate aftermath of the collapse of two American banks. Major stock indexes in London, Paris and…
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The increase in U.S. consumer prices eased again in February, the Labor Department reported Tuesday, dropping to 6% over the last year, the slowest annualized jump since September 2021.  The favorable data, however, leaves open the…
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