Saudi king orders $19 bn stimulus for private sectorSaudi King Salman on Thursday issued a decree allocating 72 billion riyals ($19.2 billion) of stimulus funds to support the Saudi private sector. The package aims to boost the role of the private sect...
Decade since recession: Thriving cities leave others behindWASHINGTON: As the nation's economy was still reeling from the body blow of the Great Recession, Seattle's was about to take off. In 2010, Amazon opened a headquarters in the little-known South Lake U...
To fix inequality, look to EU-style policies: studyEU-style policies are the best-suited to reduce global inequality and poverty, a report by a team of economists said Thursday, warning of catastrophe if the stunning concentration of global wealth is...
Dollar, stocks drop in Asia as Fed fails to inspireThe dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the...
Winter cuts dent in China’s industrial outputChina's industrial output slowed again in November, official data showed Thursday, as authorities press on with their fight against smog by clamping down on polluting heavy industries. Output at facto...
South Korea plans shift to renewables, but coal, nuclear to remain strongSEOUL: South Korea aims to expand the share of renewables and also natural gas in its fuel mix to gradually cut back its high dependence on coal and nuclear power over the 15 years to 2031, the energy...
Egypt minister set to sign deal to resume Russian flights: agenciesCAIRO: Egypt's aviation minister will travel to Russia to sign protocol agreements as early as Friday to allow the resumption of Russian flights that were suspended after the 2015 bombing of a tourist...