Economy

Colombian 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...

Ignoring the economic impact of the pandemic coronavirus, global military spending rose to nearly USD 2 trillion in 2020. Researchers said on Monday. News from AFP. According to a report by the Stockholm International Peace Research...

Britain’s unemployment rate dipped to 4.9 percent in the three months to the end of February, remaining close to multi-year highs on fallout from the coronavirus pandemic, official data showed on Tuesday. The rate compared with...

The Bank of England and the Treasury have announced they are setting up a taskforce to explore the possibility of a central bank digital currency. The aim is to look at the risks and opportunities involved...

China’s economy grew a record 18.3% in the first quarter of 2021 compared to the same quarter last year. It’s the biggest jump in gross domestic product (GDP) since China started keeping quarterly records in 1992....

Latin America’s recovery from the pandemic crisis is lagging the rest of the world and the economy will not return to its pre-pandemic level until 2024, the IMF warned Thursday, reports BSS. The persistent health crisis...

Beijing is now home to more billionaires than any other city in the world, according to the latest Forbes’ annual rich list. The Chinese capital added 33 billionaires last year and now hosts 100, said the...

The government of Bangladesh has announced a nationwide lockdown for the second phase of the coronavirus Covid-19. The country’s banking system will continue to operate on a limited scale in the lockdown. This was stated in...

Turkey’s currency tumbled as much as 15% after President Recep Tayyip Erdogan sacked the country’s central bank governor over the weekend. Naci Agbal had been credited as a key force in pulling the lira back from...

Southeast Asian countries can benefit from investments in green infrastructure, digital transformation, big data, and revenue mobilization through tax reform as the region recovers from the coronavirus disease (COVID-19) pandemic, said Asian Development Bank (ADB) President...