Economy
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World Bank rejects El Salvador request for help in adopting bitcoin
Jun 20, 2021The World Bank rejected a request from El Salvador for assistance in its bid to adopt bitcoin as a currency, a spokesperson for the Washington-based development lender said Thursday. El Salvador uses the US dollar as... -
World Bank suspends financial operation in Mali after coup
Jun 5, 2021The World Bank has suspended its financial operations in Mali following the second coup in under a year in the West African nation, a spokesman in Bamako said Friday. The Washington-based bank has “temporarily paused disbursements... -
Russia will not use dollars to sell oil and gas
Jun 5, 2021Russia will use separate currencies instead of dollars to prevent US monopoly in the world. President Vladimir Putin has said the US government is using the dollar as a tool in economic and political battles against... -
UK signed a post-Brexit trade deal with Norway, Iceland and Liechtenstein
Jun 5, 2021The UK has signed a post-Brexit trade deal with Norway, Iceland and Liechtenstein, the government has announced. The agreement will be a major boost for trade between the four non-EU nations, which is already worth £21.6bn,... -
US economy saw an increase in hiring in May as restrictions eased
Jun 5, 2021The US economy saw an increase in hiring in May as restrictions eased, although fewer jobs were added than expected. Employers created 559,000 jobs, driven by reopenings at restaurants, bars and hotels in particular. That failed... -
World Bank suspended its financial operations in Mali following the second coup
Jun 5, 2021The World Bank has suspended its financial operations in Mali following the second coup in under a year in the West African nation, a spokesman in Bamako said on Friday. The Washington-based bank has “temporarily paused... -
Oil prices surged on demand optimism ahead of the latest OPEC meeting
Jun 1, 2021Oil prices surged on demand optimism ahead of the latest OPEC meeting on Tuesday, while the pound hit a three-year high against the dollar over Britain’s economic rebound but equities struggled with focus on upcoming US... -
Iraq says $150bn stolen oil cash smuggled out since 2003
May 24, 2021Iraq’s president said Sunday $150 billion from oil had been smuggled out of the country since Saddam Hussein was ousted in 2003, as he introduced a law to fight endemic corruption, reports BSS. President Barham Saleh... -
UK PM announced new trade and investment deals with India worth £1bn
May 4, 2021The British prime minister has announced new trade and investment deals with India worth £1bn. It includes more than £533m of new investment from India into the UK, which is expected to create about 6,000 jobs.... -
Colombia president axes tax plan after angry protests
May 1, 2021Colombian President Ivan Duque caved in Friday to widespread anger and said he would overhaul a proposed tax reform that many said would leave them poorer during the pandemic. Duque announced he was shelving clauses that...
