Business and Economy

India: migrant workers leave cities as COVID measures bite

Migrant workers are piling into rail stations in India’s financial capital Mumbai to head back to their home villages now…

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Turkey: Central bank holds rates in first meeting with new chief

Turkey’s central bank left its benchmark interest rate unchanged but removed a pledge to deliver additional tightening in the first…

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What is the real extent of Turkey’s COVID-19 crisis?

Istanbul, Turkey – Medical professionals warn that Turkey’s COVID-19 crisis could be even more severe than official statistics suggest, as…

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Inflation or pollution? Tough choice facing China steel industry

China’s vast steel sector is the scene of a conflict between economic growth and a green agenda that points to…

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COVID’s financial toll: 38 million Americans are now worse off

While most Americans have weathered the coronavirus pandemic financially, about 38 million say they are worse off now than before…

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Inflation watch: US consumer prices post biggest jump in 8 years

Consumer prices in the United States in March posted their sharpest rise in more than eight years as vaccinations increase…

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UK economy expanded in February with end of lockdown in sight

The United Kingdom’s economy grew by 0.4 percent in February from January as companies prepared for the lifting of a…

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As Biden meets CEOs to tackle chip shortage, Intel offers hope

United States President Joe Biden has met with executives from key companies to discuss the global chip shortage that has…

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US budget deficit this year nearly doubles previous record

The US federal budget deficit for the first six months of the fiscal year swelled to $1.7 trillion as more…

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Ma’s wealth soars $2.3bn after China imposes milder Alibaba fine

China’s $2.8bn fine is less severe than some investors feared and is based on only 4 percent of Alibaba’s 2019…

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