The United States expects China to ramp up its military, diplomatic and economic “coercion” of Taiwan, its top envoy in East Asia said Thursday, after Beijing’s unprecedented drills around the island…
A growing trade deficit and rising fuel imports has cast a shadow over Bhutan’s economic health. The tiny Himalayan nation is putting in place a mechanism to control prices of essential commodities.
Egypt has introduced new austerity measures to aid its weak economy. The government wants to take the natural gas locals don’t use and sell it at higher prices. It’s a simple solution but experts doubt it can work.
Pakistan was once widely thought to become the next “Asian tiger”, but has found itself mired in financial crisis, Prime Minister Shehbaz Sharif has said.
Despite gaining independence 75 years ago, Pakistan has yet to rid itself of economic and political crises.
Laos is facing one of its worst economic crises in decades, with the country experiencing galloping inflation and staring at a debt default.
Germany is heavily exposed to the trade headwinds which have beset the global economy in recent years. The energy crisis is the latest, with fears that it could fatally undermine German exporters.
Bangladesh has been battered by the surge in global food and fuel prices, which have led to dwindling forex reserves and lengthy power outages, among other problems.
A senior British minister admitted Friday “I don’t know where Boris is” as the premier checked out on holiday, in a week that saw the Bank of England warn a year-long recession is coming.