Tag: economy

SEOUL: South Korea's trade minister has asked his US counterpart to exempt the country from reciprocal tariffs if they go into effect in April, the trade ministry said on Saturday ...

China's growth forecast for 2022 was reduced to 3.3 per cent from 5 per cent, as Beijing pursues a zero-COVID strategy that has devastated the world's second-largest economy. Chinese officials ...

As a result, some young people prefer to save than splurge. "I used to go see two movies every month, but I haven't stepped inside a cinema since the pandemic," ...

COLOMBO: Sri Lanka's economy contracted 8.4 per cent in the April to June quarter compared with the same period a year ago, data from the government statistics department showed on ...

JAKARTA: Zainal Ridho, 41, owns a car rental company in Banjarmasin, South Kalimantan. Previously, the day rate for his Toyota Innova, including the price of subsidised Pertalite fuel, was 800,000 ...

PROVIDENCE, Rhode Island: In a world beset by multiple crises, officials may be looking past the biggest threat of all: China. The talk among central bankers at the Jackson Hole ...

TOKYO: Japan's services sector activity shrank for the first time in five months in August as a resurgence of COVID-19 infections hurt demand, a business survey showed. The contraction shows ...

COLOMBO: Crisis-hit Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about US$2.9 billion, the international lender said in a statement on ...

BENGALURU: India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to more than halve this quarter and slow further toward ...

RECOVERY WITHOUT SUSTAINABILITY Indonesia’s support for the use of fossil fuels is reflected by the allocated funds, reaching about 8 per cent of the total National Economic Recovery budget. The ...