Economy
-
Dollar curbs weigh on Iraqi citizens’ daily life
In Iraq’s southern city of Basra, Al-Harith Hassan has been struggling to withdraw his salary in dollars for months as…
Read More » -
Ozempic maker’s obesity-fueled share gains seen slowing after banner year
A frenzy around obesity drugs made Novo Nordisk A/S Europe’s biggest stock-market success story of 2023. Repeating the trick won’t…
Read More » -
Coal consumption to peak in 2023, but demise of dirtiest fuel to be slow: IEA
Global efforts to boost clean energy and rein in carbon emissions have had a clear impact on coal: consumption of…
Read More » -
Another Indian airline backed by billionaire heading for closure
Another Indian airline backed by a billionaire is on the brink of shutting down for good, having tried and so…
Read More » -
GM to lay off 1,300 workers at two US plants
General Motors said on Thursday it is laying off 1,300 workers at two Michigan auto factories in early January. The…
Read More » -
China’s economy forecast to slow sharply in 2024, recovery ‘fragile’: World Bank
China’s economy grew at a 5.2 percent pace in the first three quarters of the year and showed signs of…
Read More » -
Russia’s Putin faces speechless moment after being confronted with his AI ‘double’
Russian President Vladimir Putin appeared briefly lost for words on Thursday when confronted with an AI-generated version of himself. The…
Read More » -
Oman wealth fund eyes IPO spree after record listing
Oman Investment Authority is gearing up for an ambitious divestment plan that may include several dozen listings over the next…
Read More » -
Interest rates: Too early to speculate about cut, says Bank boss
It is “too early” to speculate about when UK interest rates will be cut, according to the governor of the…
Read More » -
Federal Reserve signals interest rate cuts next year
The US central bank has signalled it could start cutting interest rates next year if inflation continues to fall. Forecasts…
Read More »