On Friday, Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a devastating economic...

Economy

20 May 2022

Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages

Finance ministers and central bank governors of the United States, Japan, Canada, Britain, Germany, France and Italy - the G7, agreed on...

Economy

19 May 2022

Money for Ukraine Priority in G7 Agenda; Inflation, Food a Concern

News article in McDonald’s website confirms that after more than 30 years of operations in the country, McDonald’s Corporation...

Economy

17 May 2022

McDonald’s To Exit from Russia after 30 Years of Service in the Country

The United Arab Emirates has introduced an unemployment insurance plan to aid its citizens and residents who lose their jobs...

Economy

13 May 2022

UAE Unveils Unemployment Insurance Plans for Emiratis and Residents

Hong Kong is quickly turning into a must-watch market with a clouding financial outlook marred by the U.S. Federal Reserve’s tightening...

Economy

13 May 2022

Hong Kong Turns into World’s Must-Watch Market with the Mounting Financial Strain

On Wednesday, Norway revealed its plans to broaden its coastal wind energy initiative by 2040 in its efforts to adopt greener and more...

Economy

11 May 2022

Norway to Step up Offshore Wind in Efforts to Promote Sustainable Energy

On Wednesday, the U.S. Federal Reserve imposed a half percentage point interest rate hike for the first time in more than 20 years in a bid to control red hot inflation.

Economy

5 May 2022

Fed Implements Largest Interest Rate Hike in over Two Decades amid Soaring Inflation

German sports brand Puma exceeded expectations with its strong first-quarter earnings report on Wednesday, spurred by mounting demand from wholesalers...

Economy

27 Apr 2022

Puma’s Q1 Performance Surpasses Expectations Supported by High Demand

Elon Musk’s rocket firm SpaceX is set to launch its next long-haul astronaut team to the International Space Station (ISS) for NASA early on Wednesday...

Economy

27 Apr 2022

SpaceX Set to Launch Next Astronaut Team to the International Space Station for NASA

The International Monetary Fund (IMF) on Tuesday cautioned against risks of stagflation in Asia, stemming from China’s...

Economy

26 Apr 2022

IMF Slashes Asia’s Growth Outlook after Cautioning against ‘Stagflationary’ Hazards

The Bank of Canada has hinted at a higher interest rate hike in the works as the country battles its highest inflation figures in three decades...

Economy

22 Apr 2022

Bank of Canada Hints at Possibility of 75 Basis Point Interest Rate Hike

The World Travel and Tourism Council (WTTC) revealed on Thursday that it expects the global travel and tourism industry to make a full...

Economy

21 Apr 2022

Global Tourism to Rebound from Pandemic Slump by 2023 after 10-Year Growth Surge

A World Bank study has found that relying on coastal wind power can aid the Philippines in cutting its energy imports as it would succeed in...

Economy

20 Apr 2022

Offshore Wind Power Helps the Philippines Reduce Energy Imports