Economy

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...

China has approved a 10 billion yuan ($1.54 billion) currency swap with Sri Lanka, a government spokesman in Colombo said on Wednesday, giving some respite from concerns about public finances. The deal will allow the island...

The Asian Development Bank (ADB) priced a $2 billion 10-year global bond, proceeds of which will be part of ADB’s ordinary capital resources. “We appreciate the strong support of our investors for this new 10-year global...

New Zealand on Thursday ordered the central bank to consider the housing market when it sets interest rates, a world-first move designed to ease a crisis that saw residential property prices jump 20 percent in 2020....