IMF wants Egypt to make reforms before bailout review: Report
IMF wants Cairo to privatise state assets and allow flexibility in its currency, Bloomberg report says.
Category Archives: Economy
South Korea, Japan finance heads to hold first talks since 2016
South Korean Finance Minister Choo Kyung-ho tells reporters he will meet with his Japanese counterpart next month.
AI could cause ‘nuclear-level’ catastrophe, third of experts say
Stanford University report says 'incidents and controversies' associated with AI have increased 26 times in a decade.
Apple in talks to make MacBooks in Thailand, report says
Tech giant's reported plans come as company seeks to expand its manufacturing presence beyond China.
China’s exports surge as economy rebounds from ‘zero COVID’
Chinese exports rise for the first time in six months, soaring 14.8 percent year on year.
G7 finance heads vow financial stability, supply chain diversity
Communique pledges greater role for low- and middle-income countries in diversifying supply chains.
China races to regulate AI after playing catchup to ChatGPT
China's cyberspace agency wants to ensure AI will not attempt to 'undermine national unity' or 'split the country'.
TSMC’s Taiwan factory plans have not changed, says minister
Economy minister says investment still going ahead after report that semiconductor giant is slowing expansion plans.
Australia reaches deal with China to settle barley dispute
Foreign Minister Penny Wong says Australia will suspend WTO complaint after China agreed to review tariffs.
G20 finance heads face reform calls from Global South
Finance ministers and central bank governors are meeting at the IMF to discuss challenges facing global economy.
Indonesia’s war on secondhand clothes riles local sellers
Jakarta is cracking down on used clothing imports after reports of items donated for recycling ending up on sale.
Samsung flags 96 percent plunge in profit amid chip slump
South Korean tech giant says it will make 'meaningful' cuts to chip production amid global economic slowdown.
Is the stratosphere up for a gold rush?
A new generation of companies wants to use large, uncrewed aircraft to beam down 5G signals and keep an eye on Earth.
Indonesia’s Telkomsel agrees to $3.9bn merger with broadband arm
Move comes as the telecom looks to expand in Indonesia's fixed broadband market.
Formula 1 in the skies: could flying cars soon be a reality?
Alauda Aeronautics hopes the world’s first flying car race will make futuristic vehicles an everyday reality.
After Al Jazeera story, Sri Lanka says crypto scheme a ‘pyramid’
Sri Lanka's central bank is considering criminal charges against those accused of running a fake crypto scheme.
Foxconn founder Gou to run for Taiwan presidency again
Terry Gou announces he will seek nomination for the Kuomintang for a second time.
Why central banks face a delicate balance in inflation fight
Central banks are seen treading carefully following the sudden collapses of Silicon Valley Bank and Credit Suisse.
Australia to ban TikTok on government devices, following US, UK
Canberra's announcement is the latest move to restrict the popular video-sharing app over alleged security risks.
Oil prices surge after OPEC’s surprise output cuts
Price jump comes after news oil producers will slash output by about 1.16 million barrels per day.