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Search results for: global

WB offers $150m to improve Ghana’s education

-- October 26, 2019 14:11:18

The World Bank announced Friday a package of 150 million US dollars to support the Ghanaian government's project for improving the quality of education. The Ghana Accountability for Learning Outcomes...

US federal deficit reaches $984b in FY2019

-- October 26, 2019 13:32:03

The US federal budget deficit reached 984 billion US dollars in the fiscal year 2019, up by 26 per cent year-on-year, and is the highest since 2012, the Treasury Department has said. The federal defi...

Mexican forest fires leave three dead

-- October 26, 2019 11:54:09

Three people were killed and hundreds evacuated from their homes as fires spread through forests in northern Mexico near the US border on Friday, officials said. A fire near the town of Tecate, about...

PBOC injects 30b yuan into market

-- October 25, 2019 13:53:33

The People's Bank of China (PBOC), the central bank of the country, pumped 30 billion yuan (about 4.24 billion US dollars) into the financial system Friday. The PBOC injected 30 billion yuan into the...

European shares fall on Brexit woes

-- October 25, 2019 13:52:56

European shares fell slightly on Friday, as Brexit woes and Anheuser-Busch InBev’s forecast of moderate annual profit growth offset strong sales from luxury goods makers. The UK Prime Minister...

Singapore's manufacturing output rises 0.1pc in Sept

-- October 25, 2019 13:34:52

Singapore Economic Development Board said on Friday that the country's manufacturing output grew 0.1 per cent year-on-year in September, compared to a revised 6.4 per cent decrease this August. Exclu...

US-China trade reprieve makes no dent on recession chances: Poll

-- October 24, 2019 14:49:47

The recent truce in the US-China trade war is not an economic turning point and has done nothing to reduce a significant risk that the United States could slip into recession in the next two years, a...

S Korea GDP grows 0.4pc in third quarter

-- October 24, 2019 13:08:42

South Korea’s economy grew at a slower pace of 0.4 per cent in the third quarter (Q3) from the previous quarter, slightly missing market expectations, preliminary central bank estimates showed o...

Trends show mixed results for ruling BJP in India state polls

-- October 24, 2019 12:50:59

Early trends show India's ruling Bharatiya Janata Party (BJP) is likely to win a key state election but may lose another. The BJP is set to retain power in the western state of Maharashtra, but it ma...

Ghosn’s lawyers seek dismissal of charges, accuses prosecutors of misconduct

-- October 24, 2019 10:55:32

Carlos Ghosn’s lawyers have asked the Tokyo District Court to dismiss all charges against the former Nissan Motor Co Ltd chairman, saying prosecutors colluded with government officials and Nissa...

39 bodies found inside lorry container in England

-- October 23, 2019 14:50:14

The bodies of 39 people have been found in a lorry container in Essex in England. Police were called by the ambulance service shortly before 01:40 BST after the discovery at Waterglade Industrial...

Ukraine forecasts GDP growth of up to 3.7pc in 2020

-- October 23, 2019 14:42:04

The Ukrainian government predicted next year's gross domestic product (GDP) growth to be up to 3.7 per cent, Interfax Ukraine reported on Tuesday. Sergiy Nikolaichuk, deputy minister of economic deve...

HK formally scraps extradition bill that sparked protests

-- October 23, 2019 14:40:06

Hong Kong's legislature has formally withdrawn a controversial extradition bill that has sparked months of unrest. The bill - which would have allowed for criminal suspects to be extradited to mainla...

Burundi security forces kill 14 armed men plotting attack

-- October 23, 2019 11:04:37

Security forces in Burundi have killed at least 14 armed men who had intended to launch an attack in the northwestern province of Bubanza, police and residents said. The men, from the neighbouring De...

IMF official urges multilateral cooperation to resolve trade tensions

-- October 22, 2019 18:26:34

A senior official of the International Monetary Fund (IMF) has urged countries to strengthen multilateral cooperation to resolve trade tensions and continue speeding up global economic integration. "...

German budget surplus at 1.7pc of GDP in Q2

-- October 22, 2019 15:48:54

Germany’s seasonally adjusted budget surplus was 1.7 per cent of the country’s GDP in the second quarter (Q2), down from 2.0 per cent in the previous three months, data from the European U...

US forces withdrawing from Syria have no approval to stay: Iraq

-- October 22, 2019 15:03:25

US forces that crossed into Iraq as part of a pull-out from Syria do not have permission to stay and can only be there in transit, the Iraqi military said on Tuesday. The Iraqi statement contradicts...

Netanyahu gives up effort to form new government

-- October 22, 2019 12:12:44

Benjamin Netanyahu gave up his effort to form a new government on Monday after failing to secure a majority coalition, creating an opportunity for centrist rival Benny Gantz to replace Israel’s...

China has more ‘unicorn’ start-ups than US

-- October 22, 2019 11:19:09

China has the world's largest number of ‘unicorns,’ privately-held start-up firms valued at more than $1bn ($771m), according to a new report. The country has produced 206 unicorns while...

Global renewable power capacity to rise by 50pc

-- October 22, 2019 00:31:53

Global renewable energy capacity is set to rise by 50 per cent in five years' time, driven by solar photovoltaic (PV) installations on homes, buildings and industry, according to the International Ene...

Emphasis on taxing digital commerce to tackle debt

-- October 21, 2019 18:40:28

Commonwealth finance ministers have recognised the potential of technology to improve debt transparency while urging closer collaboration to resolve tax challenges arising from growing digital commerc...

S Korea's export drops 19.5pc in first 20 days of Oct

-- October 21, 2019 13:48:09

South Korea's export dropped in double figures in the first 20 days of this month on the continued downturn of business cycle in the global semiconductor industry, customs office data showed Monday....

Five dead after looters torch garment factory amid Chile protests

-- October 21, 2019 11:19:28

Five people have died after a garment factory was set ablaze by looters near Chile's capital Santiago amid a wave of violent protests. The military and police used tear gas and water cannon against p...

India, Pakistan blame each other for Kashmir shelling

-- October 21, 2019 11:03:37

India and Pakistan have blamed each other for shelling across the line of control, the de facto border that divides the disputed region of Kashmir. Both sides say they retaliated only after the other...

Mahathir warns of possible trade sanctions on Malaysia

Reuters October 21, 2019 10:31:05

Malaysian Prime Minister Mahathir Mohamad said on Monday his exports-reliant country could be hit with trade sanctions amid rising protectionism highlighted by the US-China tariff war. Mahathir did n...

China dairy output surges 50pc over past decade

-- October 20, 2019 15:08:31

China's dairy output surged almost 50 per cent over the past decade, according to the country's market watchdog. Dairy production stood at 26.87 million tonnes in 2018, and per capita consumption rea...

Militant attacks on Burkina army outposts kill five

-- October 20, 2019 14:39:08

Four soldiers and one police officer have been killed in two attacks on military outposts in northern Burkina Faso, the Burkinabe army said on Saturday. Raids by Islamist militants as well as clashes...

Thailand's 2020 budget bill passes first reading

-- October 20, 2019 12:03:25

Thailand's House of Representatives narrowly voted to approve the 2020 budget bill on Saturday. Following three days and nights debating on the 3.2 trillion baht (about 105.43 billion US dollars) bud...

Chile suspends rise in metro fares as unrest continues

-- October 20, 2019 11:57:10

Chile's President Sebastián Piñera has suspended a rise in metro fares that sparked protests across the country. Soldiers and tanks were deployed in the capital, Santiago, after the gov...

‘Substantial progress’ in China-US trade consultations

Global Times October 19, 2019 16:48:33

In a new round of trade consultations between China and the US held in Washington, the two sides achieved substantial progress in multiple areas, laying a significant groundwork for the signing of a p...