IBADAN, Nigeria – Feb. 19, 2024: Demonstrators hold placards during a protest against the hike in price and hard living conditions in Ibadan on February 19, 2024. Samuel Alabi | Afp | Getty Images Nigeria is battling to contain a historic currency crisis and soaring inflation, with the International Monetary Fund on Monday warning that … Read more
The Maslak financial and business center in the Sariyer district of Istanbul. Ayhan Altun | Moment | Getty Images Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations. Analysts polled by Reuters had anticipated annual inflation would climb to 65.7% last month. The combined … Read more
Disney+ Hotstar logo is seen on a smartphone and flag of India on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Walt Disney and Indian conglomerate Reliance‘s media merger will give back highly valuable cricket streaming rights to the U.S. firm in a country absolutely … Read more
Aerial photo shows a Country Garden residential area in Nanjing, East China’s Jiangsu province, Feb 5, 2024. Future Publishing via Getty Images Future Publishing | Future Publishing | Getty Images China’s Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country’s beleaguered property sector. … Read more
Turkish flag over a DenizBank building. Turkey is expected to head to the polls on Sunday. Ismail Ferdous | Bloomberg | Getty Images Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive months of hikes. The move was widely expected as the bank indicated … Read more
IBADAN, Nigeria – Feb. 19, 2024: Demonstrators are seen at a protest against the hike in price and hard living conditions in Ibadan on February 19, 2024. Samuel Alabi | Afp | Getty Images With annual inflation nearing 30% and a currency in freefall, Nigeria is facing one of its worst economic crises in years, … Read more
A commercial Aircraft Corp of China (Comac) C919 aircraft operated by China Eastern Airlines during the Singapore Airshow in Singapore, on Tuesday, Feb. 20, 2024. Bloomberg | Bloomberg | Getty Images SINGAPORE â China’s homegrown airliner may be the latest challenger to Airbus and Boeing’s passenger jets, but an executive from Airbus said he’s not … Read more
The portrait of Mahatma Gandhi is displayed on Indian rupee banknotes in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018. Brent Lewin | Bloomberg | Getty Images The U.S. Federal Reserve is expected to cut interest rates later this year and, while that may not be good news for the dollar, some … Read more
Visitors near Yuyuan Bazaar in Shanghai, China, on Sunday, Feb. 11, 2024. Raul Ariano | Bloomberg | Getty Images China’s travel activity and spending jumped above pre-pandemic levels during the Lunar New year holiday, in a sign that consumption was improving in the world’s second-largest economy. Some 474 million domestic trips were made during the … Read more
China Evergrande Group’s logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty Images A liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China’s struggling real estate sector — but analysts say the spillover will likely be … Read more
