Economy

Ship blocking Suez Canal like 'beached whale' could be stuck for weeks

Mar 26, 2021 01:50

A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.
Russia gradually ditching US dollar in trade with allies: Duma

Mar 12, 2021 11:26

A senior Russia lawmaker says his country is gradually reducing the role of the US dollar in financial transactions with allies and commercial partners, a long-pursued measure aimed at using currencies other than the greenback to offset the impacts of American sanctions.
16 countries forming coalition at UN against unilateral force, sanctions

Mar 12, 2021 07:57

A group of 16 countries, including Iran, Russia and China, are pushing to create a coalition at the United Nations to counter the use or threat of force and unilateral sanctions by the West.
Saudi forces attack protest against economic woes, make arrests: Reports

Feb 02, 2021 16:42

Reports coming out of Saudi Arabia say Riyadh’s forces have attacked a group of protesters who were out on the streets of the city of Buraidah in Qassim Region to denounce the regime’s economic policies.
UK applies to join Asia-Pacific trading bloc on Brexit anniversary

Jan 31, 2021 12:46

A year after officially leaving the European Union (EU), the UK is set to apply to join a free trade area with Asia and Pacific nations on Monday (February 01), with negotiations expected in the spring.
Oil falls on COVID-19-induced demand worries, stronger dollar

Jan 28, 2021 09:30

Oil fell on Thursday on fresh fuel demand worries because of travel curbs to prevent new coronavirus outbreaks and delays with vaccines and a stronger US dollar weighed on prices.
Biden unveils $1.9 trillion plan as US recovery buckles

Jan 15, 2021 09:08

President-elect Joe Biden will propose injecting $1.9 trillion into the US economy when he takes office next week, as evidence mounts that the recovery from the sharp downturn caused by COVID-19 is flagging.
US weekly jobless claims increase more than expected

Jan 14, 2021 12:57

The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses.
China extends debt relief to DR Congo amid COVID-19 crisis

Jan 07, 2021 06:59

The Democratic Republic of the Congo says China has offered some debt relief in a bid to ease pressure on the central African country ravaged by the COVID-19 crisis.
Another 803,000 Americans filed for unemployment benefits last week

Dec 24, 2020 03:12

Claims for unemployment benefits fell across most categories in Wednesday's Labor Department report. Still the job market recovery has stalled while more than 20 million Americans need aid to make ends meet.