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20238 articles published since 08 Mar 2022

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IMF raises concerns about effects of Sudan conflict on neighbors
IMF raises concerns about effects of Sudan conflict on neighbors
Economy

The war in Sudan is likely to cause heavy economic damage in neighboring countries, the IMF's deputy director for Africa, Catherine Pattillo, told AFP. "What is going on there for the people in Sudan is just so heart wrenching and devastating. "You could think of Sudan (and) also some of the security issues in the Sahelian countries, also affecting growth," Pattillo said.

UK's Labour govt prepares to unveil its first budget
UK's Labour govt prepares to unveil its first budget
Economy

Britain’s new Labour government unveils its maiden budget Wednesday, with Prime Minister Keir Starmer warning of "painful" decisions over taxes and public spending. "Alongside tough decisions on spending and welfare... taxes will need to rise," Reeves wrote in the Financial Times on Thursday.

Germany promises more visas for Indians during Scholz visit
Germany promises more visas for Indians during Scholz visit
Economy

Germany promised to dramatically boost the number of skilled Indians it permits to work in the country as Prime Minister Narendra Modi hosted Chancellor Olaf Scholz in New Delhi on Friday. His administration agreed to increase the number of visas granted annually to skilled Indian workers to 90,000, up from 20,000.

Locals fume as Lisbon's historic trams become tourist 'toy'
Locals fume as Lisbon's historic trams become tourist 'toy'
Economy

An age-old symbol of the Portuguese capital, Lisbon's rickety yellow trams have become such a magnet for tourists that some locals complain they can no longer grab a ride. Local associations have for years demanded a more reliable public transport system for both residents and tourists.

Asia markets split after Tesla boosts Wall Street
Asia markets split after Tesla boosts Wall Street
Economy

Japanese shares fell but Chinese markets gained in a disjointed start to Asian trade on Friday, after Wall Street cheered strong results from electric car giant Tesla. In Asian trade on Friday morning, Tokyo stocks fell one percent, while Hong Kong rose 0.5 percent and Shanghai was up 0.2 percent.

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