BANGKOK — U.S. Commerce Secretary Gina Raimondo on Thursday praised the progress made by the 14 countries in the Indo-Pacific Economic Framework for Prosperity after the group held a ministerial meeting Thursday to discuss proposed guidelines for regional commerce. Raimondo was in the Thai capital Bangkok to take part in the virtual meeting, the year’s … Read more
ABUJA, Nigeria — Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country. The latest government statistics released Thursday showed … Read more
ROME — Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022, when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, which tracks monthly changes in the international prices of … Read more
Sweden’s economy shrank in the third quarter of 2023 to mark the second time of contraction and signal that a recession may have hit the country ByThe Associated Press November 29, 2023, 4:36 AM A woman makes her way through a snowy street near the government headquearters Rosenbad during a heavy snowfall in central Stockholm, … Read more
Inflation in the U.K. held steady at 6.7% in September as easing food and drink price rises were offset by higher fuel costs for motorists ByThe Associated Press October 18, 2023, 3:09 AM FILE – A man walks past the Bank of England, at the financial district in London, on May 11, 2023. Homeowners across … Read more
BUENOS AIRES, Argentina — With tired faces, residents of a homeless shelter in Argentina’s capital pass through the main entrance and line up to receive a hot drink and a slice of cake for an afternoon snack. Places like the Bepo Ghezzi Social Inclusion Center in the Parque Patricios neighborhood of Buenos Aires have seen … Read more
FRANKFURT, Germany — The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation. Still, she sympathized with homeowners who have seen their mortgage payments jump. Christine Lagarde said rates would stay high because upward pressure on … Read more
BANGKOK — Thailand’s new Prime Minister Srettha Thavisin vowed to behave rapidly to alleviate the nation’s financial issues in his inaugural speech to Parliament on Monday, following 4 months of political uncertainty whereas parliamentarians have been unable to agree on a authorities. Srettha entered politics after a profession as a significant actual property develope r, … Read more