Economics

People cut back on food fuel and clothes as prices rise the survey suggests

People struggling with the soaring cost of living are cutting back on food and car journeys to save money, according to a commissioned survey.

Cuba sugar harvest only half of expected sector in crisis

HAVANA -- Cuba, once legendary for its sugar cane, produced only about half the sugar it had hoped to this season, and authorities acknowledged…

Bitcoin plunges as major crypto lender halts operations

 The price of bitcoin and other cryptocurrencies plummeted Monday after a major cryptocurrency lender effectively failed and halted all withdrawals…

Asian shares sink after inflation-driven retreat on Wall St

BANGKOK -- Shares sank in Asia on Monday after a report that U.S. inflation worsened last month sent stocks reeling on Wall Street.

Major…

Pakistan stock market crashes become Asias third worst performing stock market

Pakistan: The Pakistan Stock Exchange (PSX) suffered a major meltdown as a result of the country's ongoing political turmoil. PSX, which…

UN warns of food catastrophe

The United Nations is warning of the potentially devastating impact of Russia’s invasion of Ukraine on global access to food.

U.N. Secretary-General…

Japans economy contracts but at smaller rate than thought

The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government said Wednesday.

The world’s…

Human rights advocates tell Congress bitcoin is essential in countries with collapsing currencies

WASHINGTON — A week after prominent technologists publicly slammed crypto for being too risky and unproven in a letter to Congress, human…