economy

The economy’s near-term prospects have darkened due to a spike in retail inflation, which hit an eight-year high in April. India’s economic growth slowed to the lowest in a year in the first three months of 2022, hit by weakening consumer…

India is looking to bar most private cryptocurrencies when it introduces a new Bill to regulate virtual currencies in the winter session of Parliament, the government said late on Tuesday (Nov 23). The government will allow only certain…

Taiwan and the United States discussed supply chain resilience, including on semiconductors, and how to respond to external economic coercion during an economic dialogue on Tuesday (Nov 23). As the virtual US-Taiwan Economic Prosperity…

Amid disastrous economic reality and acute devaluation of Yemen’s currency, university students in Taiz launched an unprecedented initiative under the theme “on your way” to offer students a free ride to their schools and universities.…

However, the record-setting initial public offering (IPO) was less brisk than expected, reaching full subscription on only the final lap of its three-day offer. Paytm started as a mobile wallet in 2009, but saw its fortunes rise…

Singles Day used to be the biggest, most unabashed celebration of consumerism on earth: A 24-hour online retail extravaganza, kicking off with a confetti-filled gala and culminating in stupendous piles of riches for brands, celebrity…

Afghanistan's Taliban government announced a ban on the use of foreign currencies on Tuesday (Nov 2), threatening further disruption to an already ailing economy. Since the Islamist group seized power in mid-August, the national currency…

From printing coupons as replacement cash to breeding ornamental black swans to eat, North Korea is being forced to innovate to handle economic woes and food shortages as anti-pandemic border lockdowns drag on, reports suggest. With the…

Hong Kong customs on Friday (Oct 29) announced a record seizure of luxury goods that were headed to mainland China on a river barge, in the latest operation to target an explosion of cross-border smuggling. The haul included an array…

Malaysia is planning an even larger recovery budget than it did for this year, with a 6 per cent deficit projected for 2022 set to lift its coronavirus-ravaged economy by between 5.5 per cent and 6.5 per cent. At more than RM332 billion…