The CEO of Brazil’s state-owned oil company Petrobras, who has stayed in his post despite being fired by Jair Bolsonaro in May, resigned Monday after a...
Many European firms are rethinking their investments in China because of its strict Covid controls, a top business group said Monday, warning that disruptions had pummelled...
Sri Lanka closed schools and halted all non-essential government services on Monday, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund opened...
A recession in the United States is not “inevitable” but the economy is likely to slow, Treasury Secretary Janet Yellen said Sunday, days after the US...
Fiona Shi lost her job twice during the pandemic — first, in 2020 when Covid ravaged the travel industry, and then this year as China’s strict...
Central banks have ramped up their battle against runaway inflation, a necessary remedy that could have the adverse side effect of tipping countries into recession, analysts...
The Bank of Japan on Friday stuck to its monetary easing policy even as other central banks raise interest rates to tame inflation, but said it...
The Bank of Japan on Friday stuck to its long-held monetary easing policy even as other central banks around the world hike interest rates to tame...
Abbott Nutrition has once again shut down a baby formula plant, this time due to heavy rains and flooding, less than two weeks after it reopened...
A massive interest rate hike by the US Federal Reserve and promises of more to come are fueling warnings that the only offramp from the searing...