The World Bank announced on Thursday a new gender strategy aimed at boosting economic opportunities for women and enabling their participation in the global economy through social protection and access to broadband and capital. The Gender Strategy 2024-2030, unveiled during the International Monet
The risk of Japan ending up with a minority coalition government after the upcoming general election is raising concerns that the central bank could face complications in its quest to gradually wean the nation off decades of monetary stimulus. Several recent polls have shown the possibility of the
The International Monetary Fund on Tuesday raised its 2024 economic growth forecasts for the US, Brazil and Britain but cut them for China, Japan and the euro zone, adding that risks abound from armed conflicts, potential new trade wars and the hangover from tight monetary policy. The IMF's latest
Higher prices are here to stay, which adds to economic pain also stemming from slow growth and high debt, the International Monetary Fund's managing director, Kristalina Georgieva, said on Monday. "The pain we all feel because prices have gone up is here to stay, and a higher level of prices makes
The European Central Bank cut interest rates for the third time this year on Thursday, saying inflation in the euro zone was increasingly under control while the outlook for the wider economy was worsening. The first back-to-back rate cut in 13 years marks a shift in focus for the euro zone’
US Treasury Secretary Janet Yellen will say on Thursday that walling off the US economy as proposed by Republican presidential candidate Donald Trump would be “deeply misguided,” raising prices for American consumers and making US companies less competitive. Yellen, in excerpts of rema
Republican presidential candidate Donald Trump on Tuesday defended his protectionist trade policies and other fiscal proposals, dismissing suggestions that they could drive up the federal debt, antagonise allies and harm the US economy. “We’re all about growth. We’re going to bri
The Royal Swedish Academy of Sciences on Monday awarded the Nobel Memorial Prize in economics to Daron Acemoglu, Simon Johnson and James A. Robinson ‘for studies of how institutions are formed and affect prosperity’. The academy wrapped up six days of announcements through the announce
Egypt's Suez Canal Authority (SCA) has announced a 20-50 per cent reduction in transit and mooring fees for yachts in the Red Sea, effective on November 1. "The move is part of the SCA's flexible marketing policies to encourage yacht tourism and develop marine tourism in the Red Sea region by prov
The Indian rupee fell below 84 per dollar for the first time on Friday, pressured by concerns about the recent spike in oil prices and the exodus of foreign money from the equity market. The rupee closed at 84.06, down 0.1 per cent on the day, after hitting a record low of 84.07 earlier in the ses
China pledged on Saturday to “significantly increase” debt to revive its sputtering economy, but left investors guessing on the overall size of the stimulus package, a vital detail to gauge the longevity of its recent stock market rally. Finance Minister Lan Foan told a press conferenc
China and Vietnam are expected to sign new agreements, including pacts to boost railway links and agricultural trade, during Chinese Premier Li Qiang's visit to Hanoi this weekend, two people briefed about the plans said, reports Reuters. Seamless rail links are a sign of growing trust betwe
China said on Saturday it will "significantly increase" government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks' capital as it pushes to revive sputtering economic growth, reports Reuters. Without immediately providing spe
