Economy

Washington (AFP) - Sales of previously owned homes in the United States picked up in October, industry data showed Thursday,...

S.Africa central bank cuts interest rate to 7.75 percent

Johannesburg (AFP) - South Africa's central bank on Thursday cut its benchmark interest rate by 25 basis points to 7....

Kenya scraps Adani deals as Ruto attempts to reset presidency

by Andrew Murphy

Nairobi (AFP) - Kenyan President William Ruto sought Thursday to turn the page on a difficult year, cancelling controversial deals...

Sri Lanka’s president makes U-turn on IMF bailout

Colombo (AFP) - Sri Lanka's new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election...

Screen to reality: South Korea targets K-pop, K-drama tourism boom

by Thomas Barnes

Seoul (AFP) - Deep in South Korea's hinterlands lies a perfect replica of 1900s Seoul: welcome to Sunshine Land, the...

Civil war economy hits Myanmar garment workers

by Andrew Murphy

Yangon (AFP) - As civil war pounds Myanmar's economy and drives up prices, garment worker Wai Wai often starts her...

Archegos founder jailed for 18 years for massive fraud: US media

New York (AFP) - The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday...

Musk outlines plans for mass cuts as Trump ‘efficiency’ czar

by Andrew Murphy

Washington (AFP) - Elon Musk outlined plans Wednesday for his new role as "efficiency" czar -- signaling an assault on...

Musk details mass cuts to US federal spending and staff

Washington (AFP) - Elon Musk outlined plans Wednesday for his new role as "efficiency" czar -- signaling an assault on...

Ryanair threatens to drop 10 French airports over tax hike