Pakistan to raise power prices in move to secure IMF loan
LAHORE: Pakistan is raising power prices by an average of 20% to bolster its chances of securing a new loan…
Economy
Nigerian inflation rises to 28-year high in May
ABUJA: Nigeria’s annual inflation rose to a new 28-year high of 33.95% in May, official data show, worsening hardships that…
Peru economy expands 5.28% in the first quarter
LIMA: Peru’s gross domestic product (GDP) in the first quarter expanded 5.28% in April from a year earlier, according to…
Bidenomics leaves behind an industrial heartland
NEW YORK: President Joe Biden’s trio of legislative packages designed to revive US manufacturing prowess is already helping regions from…
Immigration slows, record number of Kiwis depart
New Zealand’s immigration slowed to an 11-month low in April as record numbers of citizens departed, suggesting a softening of…
Vietnamese exports recover in 2024, but still face challenges
Vietnam’s exports to key markets in the first five months of the year increased by 15% over the same period…
ECB to cut further if there’s progress on inflation
More progress towards the European Central Bank’s (ECB) 2% inflation target could provide grounds to lower interest rates further following…
Global tech upcycle to underpin trade recovery
The Malaysian economy is projected to grow between 4% and 5% in 2024, supported by export recovery and resilient domestic…
Domestic tourism expenditure surges 25.3% in 1Q
Domestic tourism expenditure in the first quarter of 2024 (1Q24) soared 25.3% year-on-year to RM24.1bil, according to the Statistics Department.