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Wealth shock: Property bust in small Chinese cities rattles households

Home owners in small Chinese cities are battling a rare...

UK PM to offer India alternatives to Russia ties

British Prime Minister Boris Johnson will offer to help India...

IMF says any loan to Sri Lanka requires debt sustainability

The International Monetary Fund said discussions with Sri Lanka on...

‘Higher food prices can alone push 10m more people into poverty’

Russia’s war in Ukraine has worsened the ‘already dire’ food...

War dims global economic outlook as inflation accelerates, says IMF

The International Monetary Fund (IMF) on Tuesday slashed its forecast...

Sri Lanka says IMF to consider request for rapid aid

The International Monetary Fund will consider providing quick financial assistance...

China spending, employment hit amid lockdowns

China's consumer spending fell and unemployment rose last month as...

Nepal seeks overseas nationals' help to build up forex reserves

Nepal is asking citizens living abroad to deposit funds in...

US to resume oil, gas drilling on public land despite Biden campaign pledge

The Biden administration on Friday said it has resumed plans...

IMF to downgrade its growth outlooks for 143 economies

The International Monetary Fund (IMF) will cut its global growth...

Russia asks Brazil to help keep sway at IMF, World Bank

Russia has asked Brazil for support in the International Monetary...

Nepal to miss economic growth target 

Nepal will fall short of its growth target, a top...

Heads of global agencies urge action on food security

The heads of the World Bank Group (WBG), International Monetary...

US inflation rate hits a fresh 40-year high after ban on Russian energy imports

The US inflation rate hit a fresh 40-year high in...

250m people may fall into extreme poverty this year, warns Oxfam

Over a quarter of a billion more people could crash...

WTO lowers 2022 global trade growth forecast

The World Trade Organization (WTO) on Tuesday revised down its...

Ukraine’s GDP output to fall 45pc, Russia's economy to shrink 11.2pc this year

Ukraine's economic output will likely contract by a staggering 45.1...

Sri Lanka doubles interest rates to tame inflation; stabilise economy

Sri Lanka's central bank doubled its key interest rates on...

Japan to ban coal imports from Russia

Japan, the world's third-largest coal importer, said on Friday it...

World food prices jump nearly 13pc in March, UN agency says

World food prices jumped nearly 13 per cent in March...

India's central bank keeps lending rate steady

The Reserve Bank of India kept its key lending rate...

Mobile money industry processes record $1.0t globally in 2021

Mobile money adoption and use saw continued growth in 2021,...

Tourism spending in China plunges over key holiday

Tourism spending in China plunged over this week's Qingming festival,...