Scholz Is Failing to Engineer a Liftoff for the German Economy
Breadcrumb Trail LinksPMN BusinessGermany’s inability to generate meaningful growth is casting a shadow over the long-term prospects for the economy — and political hopes for…
Where are the world’s millionaires and how is wealth divided globally? | Business and Economy News
The world has at least 58 million US dollar millionaires, accounting for 1.5 percent of the global adult population, according to the 2024 UBS Global…
As Maduro faces Gonzalez in Venezuela, sanctions remain a key hurdle | Elections News
“Life has been hard for years now. It’s true that food prices have come down recently, but they’re still so high,” says Rodrigo, a private…
Sri Lanka presidential election set for September 21 amid ailing economy | Elections News
President Wickremesinghe is first candidate to register at the Election Commission as he seeks mandate from voters.Sri Lanka will hold a presidential election on September…
Journalists at Australian newspapers go on strike on eve of Olympics | Media
Editorial staff vote to walk off the job after rejecting annual pay increase of between 3 and 4 percent.Journalists at some of Australia’s biggest newspapers…
Egypt raises fuel prices to lock in IMF loan tranche | Business and Economy News
Petrol will cost up to 15 percent more from Friday.Egypt is raising fuel prices for the second time in four months, fulfilling an economic reform…
China cuts 1-year benchmark rate to boost economy as world markets lag
China ratcheted up its effort to reinvigorate its economy on Thursday by cutting a key policy rate and interest paid on bank deposits. ADVERTISEMENTThe move…
Boeing finalises plea deal over fatal 737 Max crashes | Aviation
Aircraft giant to pay $243.6m fine under agreement that is subject to US judge’s approval.Boeing has finalised a deal to plead guilty to fraud after…
Japan protests Russia ban on 13 business executives, including Toyota head | Russia-Ukraine war News
Russia did not give any reason for the selection of the people it had banned.Japan’s government said it has protested against Russia’s announcement that it…
US regulators investigate Delta as it struggles to recover from outage | Aviation News
The collapse at Delta is stunning for an outfit that was widely viewed as the best big US airline.United States regulators are investigating how Delta…
India’s Modi sets aside billions for jobs, allies in post-election budget | Business and Economy News
India’s government has assigned billions of dollars for job creation and regions run by key coalition partners in a budget aimed at cementing the coalition…
Founder of South Korea’s Kakao arrested over alleged stock price rigging | Technology News
Kim Beom-su is accused of conspiring to inflate SM Entertainment’s stock price to prevent takeover by rival agency.The founder of South Korea’s Kakao Corp has…
Anant Ambani’s glitzy wedding highlights India’s ‘missing middle class’ | Business and Economy News
Ten million dollars to fly Justin Bieber to India’s financial capital Mumbai for an evening’s performance. An 800-guest cruise around the Mediterranean costing $150m. A…
For Biden, the economy was a vulnerability before age became key concern | US Election 2024
Even before pressure mounted on United States President Joe Biden to withdraw from November’s election due to concerns about his age and fitness, he was…
As Philippines’s Marcos addresses nation, economy, Duterte rift loom large | Politics News
Manila, Philippines – Over the last decade, the arrival of guests at the annual State of the Nation address in the Philippines has come to…
Charting the Global Economy: UK Services Inflation Tops Forecast
Breadcrumb Trail LinksPMN BusinessBritain recorded stronger-than-expected inflation in its services sector last month, retail sales weakened and the budget deficit exceeded estimates — highlighting a…
Can salt mitigate hunger? Inside the salt flats of La Guajira, Colombia | Business and Economy News
Some critics point to mismanagement in the salt industry as part of the reason for La Guajira’s economic instability. From 1941 to 2002, the national…
Chaos as airlines around the world hit by IT outage | Aviation News
Passengers around the world have faced flight delays, cancellations and problems checking in as airports and airlines are caught up in a significant IT outage…
Global IT outage disrupts airlines, banks, media, telecoms | Technology News
Australia’s National Cyber Security Coordinator says it is aware of ‘large-scale technical outage’.A major IT outage that has disrupted businesses and institutions in multiple countries,…
Japan sees record 17.78 million visitors in first half of 2024 | Tourism News
East Asian country sees tourism burst past pre-pandemic levels as weak yen draws record visitors.Japan welcomed a record 17.78 million foreign visitors in the first…