Iraq’s overreliance on oil threatens economic, political strife | Oil and Gas News
With an economy so reliant on oil, Iraq has long faced a tough balancing act between the short-term gains that can come from ramping up…
China lifts steep Australian wine tariffs as relations improve | Business and Economy News
Beijing imposed tariffs on Australian wine in 2020 during a diplomatic feud, raising duties from zero to above 200 percent. China says it will lift…
Is the US media layoffs phenomenon the next housing crisis? | Media
In the past few months, the media sector in the United States has gone through one of its worst rounds of layoffs in decades, with…
China’s Xi to meet foreign business leaders amid jitters over economy | Business and Economy News
Taipei, Taiwan – Chinese President Xi Jinping is set to meet with American business leaders in Beijing, media outlets have reported, as he tries to woo…
Visa, Mastercard reach $30bn settlement over credit card fees | Business and Economy News
Merchants have long accused the payment network of charging inflated ‘swipe fees’ when shoppers use their cards. Visa and Mastercard have reached an estimated $30bn…
‘Waiting for a call from Daddy’: Sri Lankans die in Ukraine for both sides | Russia-Ukraine war News
Colombo, Sri Lanka – Badly wounded from a Ukrainian attack on a Russian bunker in the Donetsk region, Sri Lankan fighter Senaka Bandara* tried to…
‘A criminal economy’: How US arms fuel deadly gang violence in Haiti | Armed Groups News
For years, as armed groups plunged Haiti into deeper unrest, human rights advocates and civil society groups have issued a clear demand. Stop the flow…
‘Obstetric winter’: Why are China’s hospitals shutting delivery wards? | Health News
Medical experts and Chinese media are reporting on the closure of obstetric departments across this country of 1.4 billion people, which has suffered a population…
The tax inspectors competing to be Senegal’s new president | Elections News
Dakar, Senegal – Trust and power seem to converge in the hands of tax inspectors in Senegal, as the country is ready to vote in…
Economic conditions in debt-stricken Sri Lanka improving, IMF says | Debt
IMF says inflation has dropped from 70 percent, economy expanded in the second half of 2023. The economic situation in debt-stricken Sri Lanka has started…
US DOJ announces antitrust lawsuit against tech giant Apple | Regulation News
Department of Justice is joined by 15 states and the District of Columbia in alleging that Apple stifles competition. The United States Department of Justice…
Is nuclear power on the verge of a revival? | Business and Economy
Global nuclear power generation is set to peak next year, despite claims it is dangerous, costly and plants take too long to build. Critics say…
As China ages, senior citizens see a retirement striving to get by | Business and Economy
Taichung, Taiwan – When Hao Pengfei retired last year, it felt nothing like he had expected it would when he was a younger man. “I…
New Zealand slips into second recession in 18 months | Business and Economy
Political parties trade blame for economic slump that follows aggressive interest rate hikes to tame inflation. New Zealand has slipped into its second recession in…
Fitch Ratings upgrades Qatar to third-highest on back of gas expansion | Oil and Gas News
Revenues from Qatar’s LNG fields will provide budget surpluses until the 2030s, Fitch said. Fitch Ratings has upgraded Qatar to AA, its third-highest rating, on…
Foreign investors on alert as Senegal nears election marred by uncertainty | Elections News
Foreign investors are keeping a close eye on Senegal’s upcoming election, already marred by delays and political uncertainty, amid concerns over the political and economic…
How migration transformed an Indigenous town in Panama’s Darien Gap | Migration
Bajo Chiquito, Panama – For many years, residents in the remote Indigenous community of Bajo Chiquito, Panama, lived a quiet life. No paved roads lead…
British government to introduce independent football regulator | Football News
The regulator will have the power to fine clubs up to 10 percent of their turnover for noncompliance with financial regulations. The British government is…
Bank of Japan scraps negative interest rate in first hike in 17 years | Business and Economy
Japan’s central bank begins unwinding one of the world’s most aggressive monetary easing programmes. Japan’s central bank has scrapped its negative interest rate as it…
Elon Musk defends using prescribed ketamine for ‘negative frame of mind’ | Business and Economy
Tesla CEO dismisses suggestion his drug use could influence the perceptions of investors. Elon Musk has defended taking ketamine to treat his “negative frame of…