Business and Economy

World

In Indonesia, ‘pay later’ services leave some drowning in debt

Ubud, Indonesia – Nadhea Putri’s mounting debt began with a single mobile phone purchase. Putri, who lives in Kuala Kapuas,…

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World

Iran applies to join BRICS group of emerging countries

Iranian official says membership ‘would result in added values for both sides’. Iran has submitted an application to become a…

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World

Sri Lanka under virtual lockdown as fuel restricted for pvt cars

Gov’t decided on Monday to limit distribution of fuel to essential services until July 10 and told residents to stay…

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World

Biden eyes China with memorandum to combat illegal fishing

Move comes as Washington steps up engagement with Asia to counter China’s growing influence. US President Joe Biden on Monday…

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World

Guilty: Credit Suisse hit with money laundering conviction

The verdict is the first ever criminal conviction of a major Swiss lender in the country’s history. Cocaine. Stashes of…

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World

Russia denies debt default, blames Western financial agents

Russia’s finance ministry asked foreign bondholders to speak directly to those withholding their payments. Russia has rejected claims that is…

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World

The fallout of Russia’s grain blockade

The alarm on Ahmed Karim Khalife’s phone is set for 6am, so the 22-year-old budding architect can join the queue…

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World

Russia defaults on foreign debt for the first time since 1918

Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions…

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World

Central banks try to bring inflation under control

From: Counting the Cost We look at what’s behind the rising cost of living and the action being taken by…

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World

Swiss customs reviews imports of Russian gold worth $200M

Switzerland is a global hub for precious metals with the country’s handful of refineries handling about two-thirds of the world’s…

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