Economy

US inflation and consumer spending cooled in December
The pullback in consumer spending will likely be welcomed by Fed officials, who are seeking to cool the economy.
Published On 27 Jan 2023
India’s Adani Group loses $48bn in stocks over fraud claims
Hindenburg Research claimed Adani Group had committed ‘brazen’ corporate fraud but Adani Group dismissed the report.
Published On 27 Jan 2023
Nigeria launches domestic card scheme to boost cashless economy
The move is part of the central bank’s moves to reduce cash flow within the borders of Africa’s biggest economy.
Published On 27 Jan 2023
South Korea’s unions cry ‘red scare’ amid North Korea spy claims
South Korea’s spy agency has accused members of the country’s largest union of illegally contacting North Korean agents.
Published On 27 Jan 2023

Emails show officials in the state of Connecticut opted not to ban the Chinese-owned app after consulting with the FBI.

Agreement on tighter export controls on China would be seen as a big diplomatic win for US President Joe Biden.

US officials say Hive ransomware network extorted more than $100m from victims in more than 80 countries.

Tokyo’s latest sanctions come after Russia launched missile attacks across Ukraine that killed at least 11 people.

Pakistan is seeking $1.1bn from the fund, part of its $6bn bailout package, to avoid default.

Most economists expect a recession by the second half of the year, though a short, mild one compared to previous ones.

A default by the US government could have catastrophic effects on both domestic and global economies.

Three charity workers have been given prison terms for misappropriating $7.8m from a victims’ fund set up by Boeing.

Analysts warn global slowdown and soaring inflation point to a difficult year ahead for the Southeast Asian economy.

Washington says Moscow is relying on Wagner Group in Ukraine war amid biting Western sanctions and battlefield setbacks.

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