Economy

Sri Lanka looks set to get a sign-off on a long-awaited $2.9 billion four-year bailout from the International Monetary Fund (IMF) on March 20 after the crisis-hit country secured new financing support from China. The IMF and the island…
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The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome…
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Like many Venezuelans, Carmen Mendoza has learned to get by with a patchwork of different income streams in different currencies - her pension, renting out a property, and roughly $150 per month her two daughters send from Spain. But it…
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When Moheidein Bazazo opened his Beirut mini-market in 1986, during some of the fiercest fighting in Lebanon's civil war, he didn't expect it to thrive. But several years later, he had shelves full of food and needed 12 employees to help…
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As the Egyptian economy struggles against negative headwinds from many directions, some sectors appear to be performing well. Ordinary Egyptians are buying lower-end merchandise as their purchasing power is eroded by inflation and the…
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On a recent winter weekday at Penn Station Shoe Repair and Shoe Shine, men hop onto shoeshine chairs and pull out newspapers and phones to read while shoeshiners get to work applying polish and elbow grease to loafers, boots and other…
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China's government announced plans to promote a consumer-led revival of the nation’s struggling economy as its legislature opened a session Sunday that will tighten President Xi Jinping's control over business and society. Premier Li…
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On a blustery late-winter day in Shakespeare’s birthplace, the foyer of the Other Place theater is a cozy refuge. Visitors are having meetings over coffee, checking emails, writing poetry, learning to sew. It looks and feels like an arty…
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Pakistan’s economic crisis is hitting the health sector hard. Pakistan relies heavily on imports such as raw material needed to manufacture medicines and complex surgical equipment. The medical supply chain is coming under increased…
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Pakistan’s currency fell 7% against the U.S. dollar Thursday as the government struggles to persuade the International Monetary Fund to resume lending to the cash-strapped country to help avert a default on its foreign debt. The Pakistani…
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