Economy

Economic troubles mount for Russia amid Ukraine war

Stubborn inflation, exorbitant borrowing costs, bankruptcy risks and a growth slowdown: the Russian economy is facing a slew of negative…

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Boeing says resumed production of 767, 777 wide-body planes

Boeing said late on Tuesday it has resumed production of all airplane programs that had been halted by a machinists’…

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Trump can negotiate to stop Iran from getting nuclear bomb: Blinken

US Secretary of State Antony Blinken said Wednesday that President-elect Donald Trump had a window to negotiate with Iran, saying the development…

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World Bank approves $2 bln for Ukraine including funds from new US loan fund

The World Bank said on Wednesday its executive board approved $2.05 billion in Development Policy Operation funding for Ukraine that…

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Amazon aware of warehouse injury risk, report finds

Amazon pushes its US warehouse workers to fulfill orders at speeds that could cause high rates of injury despite being…

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Palestinian economy faces historic crisis, World Bank says

According to a World Bank examination, the continuous Israeli assault is causing the Palestinian economy to collapse at an extent…

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With al-Assad gone, Syrian pound starts to recover

The Syrian pound has begun to recover against the dollar after Bashar al-Assad’s ouster, moneychangers and traders said Monday as foreign…

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Bitcoin surges to record high of above $106,000

Bitcoin surged to a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a…

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US Fed expected to cut rates in last meeting of Biden era

The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday…

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Fires at Libya’s Zawiya refinery brought under control, NOC says

Fires that broke out in a number of reservoirs in Libya’s Zawiya refinery have been brought under control, Khaled Abulgasem…

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