Economy
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UK to unveil new measures to support financial sector
Jul 9, 2023Finance Minister Jeremy Hunt is set to propose new measures to boost Britain’s powerful financial sector on Monday, with the goal of making the country the “most innovative and competitive” financial center in the world. Hunt... -
Argentina makes IMF loan repayment partly with yuan
Jul 1, 2023Argentina paid a $2.7 billion loan repayment to the International Monetary Fund on Friday, partly using Chinese yuan, according to the economy ministry. To avoid depleting its limited foreign currency reserves, the country paid some of... -
Biden says ‘Bidenomics’ will restore the American dream
Jun 29, 2023President Joe Biden vowed Wednesday to restore the American dream in a speech supporting his “Bidenomics” strategy, which he claims will end decades of Republican economic thinking that benefits the wealthy. “Bidenomics is about the future.... -
Cash-strapped Sri Lanka to restructure domestic debt
Jun 27, 2023Sri Lankan authorities have ordered a five-day financial market shutdown beginning Thursday, ahead of a contentious drive to restructure the government’s domestic debt totaling more than $51 billion. The restructuring affects government bonds in accordance with... -
Japan to provide $225m loan as budget support to Bangladesh
Jun 27, 2023Under the ‘Development Policy Loan for Strengthening Public Financial Management’, Japan will provide 30 billion Japanese Yen (equivalent to US$225 Million) as budget support to Bangladesh. To this end, an “Exchange of Notes” and a “Loan... -
Bangladesh, India to begin bilateral trade in rupee next month
Jun 24, 2023Bangladesh and India are all prepared to use the rupee in bilateral commercial transactions, signaling a dramatic change away from the historic reliance on the US currency. The new transaction tool is expected to be launched... -
IMF, World Bank under pressure to boost climate change financing
Jun 22, 2023Officials from the World Bank and International Monetary Fund (IMF) will attend a two-day summit in Paris with other top business figures to address the interrelated issues of poverty reduction and climate change. The gatherings, which... -
Sierra Leoneans to vote as economic crisis bites
Jun 21, 2023On Saturday, tension-filled elections will be held in Sierra Leone, where President Julius Maada Bio hopes to win a second term despite a terrible economic crisis that contributed to last year’s fatal protests. The Ebola virus... -
The British government to allocate 25 million pounds for reinforcement of cybersecurity in Ukraine
Jun 19, 2023The British government will allocate 25 million pounds (about $32 million) in the next two years for reinforcement of cybersecurity in Ukraine, the British Prime Minister’s Office said in its statement Saturday. According to the statement,... -
UK unemployment eased in the three months to the end of April
Jun 13, 2023UK unemployment eased in the three months to the end of April but wage rises continue to lag inflation, official data showed Tuesday. The unemployment rate decreased to 3.8 percent from 3.9 percent in the three...
