With an economy so reliant on oil, Iraq has long faced a tough balancing act between the short-term gains that can come from ramping up production and the long-term problems that can arise from overproduction. Last week, the Iraqi oil ministry announced that it was rectifying a swing too far…
Beijing imposed tariffs on Australian wine in 2020 during a diplomatic feud, raising duties from zero to above 200 percent. China says it will lift steep tariffs on Australian wine imposed more than three years ago in the latest sign of improving relations between the two countries. The anti-subsidy and…
In the past few months, the media sector in the United States has gone through one of its worst rounds of layoffs in decades, with some voices within the sector even asking if journalism is a viable career path despite surging subscriptions at publications like The New York Times. Most…
Taipei, Taiwan – Chinese President Xi Jinping is set to meet with American business leaders in Beijing, media outlets have reported, as he tries to woo foreign investment back to China after a challenging few years for the world’s second-largest economy. The meeting on Wednesday is expected to include Apple CEO…
Merchants have long accused the payment network of charging inflated ‘swipe fees’ when shoppers use their cards. Visa and Mastercard have reached an estimated $30bn antitrust settlement to limit credit and debit card fees for merchants in the United States, with some savings likely to be passed on to consumers…
For years, as armed groups plunged Haiti into deeper unrest, human rights advocates and civil society groups have issued a clear demand. Stop the flow of illicit firearms to criminal gangs — especially from the United States. Now, as a surge in deadly gang attacks grips the capital of Port-au-Prince,…
Dakar, Senegal – Trust and power seem to converge in the hands of tax inspectors in Senegal, as the country is ready to vote in a highly anticipated presidential election on Sunday. The political figures receiving the most attention out of 17 presidential hopefuls during this electoral cycle – candidates…
IMF says inflation has dropped from 70 percent, economy expanded in the second half of 2023. The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund (IMF) has said. Inflation has come down from a peak…
Taichung, Taiwan – When Hao Pengfei retired last year, it felt nothing like he had expected it would when he was a younger man. “I used to think that retirement is more about relaxation and hobbies and less about stress and concerns,” Hao told Al Jazeera from his home in…
Political parties trade blame for economic slump that follows aggressive interest rate hikes to tame inflation. New Zealand has slipped into its second recession in less than 18 months, according to government figures. New Zealand’s gross domestic product (GDP) shrank by 0.1 percent during the October-December period, following a 0.3…
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