India to spend billions of dollars on job creation

New Delhi — The government in India will spend $24 billion on boosting employment opportunities for young people, as job creation emerges as the biggest challenge confronting Prime Minister Narendra Modi in his third term

Iraq to import electricity from Turkey 

Baghdad — Iraq said Sunday a new power line will bring electricity from Turkey to its northern provinces as authorities aim to diversify the country's energy sources to ease chronic power outages

China's Third Plenum does nothing to revive economy, observers say

Taipei, Taiwan — China's ruling party has concluded the Third Plenum of its 20th Central Committee with a communique described as vague and cliché by China watchers, who said it lacks specific measures to address China's economic difficulties

US consumer inflation eases to 3.0% in June

Washington — U

Economic turmoil in Bolivia fuels distrust in government and its claim of a 'failed coup'

LA PAZ — Signs reading “I'm buying dollars” line the doors of Víctor Vargas’ shoe shop in the heart of Bolivia’s biggest city, a desperate attempt to keep his family business alive

Study: Luxury sales flatten amid creativity crisis, price hikes

MILAN — The post-pandemic surge in global sales of luxury handbags, shoes and apparel is set to stall this year amid a creativity crisis and price hikes as brands shift focus to the biggest spending customers, a new study by the Bain consultancy sai[..]

Resurgent airlines soar towards passenger, revenue records

Dubai, United Arab Emirates — Airlines will fly almost five billion passengers in 2024 and revenues will near $1 trillion, both record highs, trade body IATA said on Monday as the industry roars back after the pandemic

OPEC+ agrees to extend output cuts to buttress oil prices 

Vienna, Austria — The OPEC+ group of oil-producing nations agreed Sunday to extend their production cuts in a bid to support prices, as economic and geopolitical uncertainty looms over the market

Long lines, frustration grow as Cuba runs short of cash

HAVANA — Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM, but when it was almost his turn, the cash ran out

Unexpected strawberry crop spins Burkina's 'red gold'

Ouagadougou, Burkina Faso — In the suburbs of Burkina Faso’s capital Ouagadougou, lucrative strawberry farming is supplanting traditional crops like cabbage and lettuce and has become a top export to neighboring countries

Iran's Currency Hits Record Low

Tehran — Iran's currency fell to a record low on Sunday, plunging to 613,500 to the dollar, as its people celebrated the Persian New Year

Nigeria Grapples with Soaring Inflation, Plummeting Currency

ABUJA, Nigeria — Nigerians are facing one of the West African nation's worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar

Cuba Charges 30 Over Massive Chicken Heist

HAVANA — Cuba has charged 30 people with stealing 133 tons of chicken and selling them on the street in a rare major heist at a time of food shortages in the communist-run nation

Iraq Bans 8 Local Banks From US Dollar Transactions

Baghdad, Iraq — Iraq has banned eight local commercial banks from engaging in U

Tanker Ship Reports Missile Fire in Red Sea Near Yemen

UNITED NATIONS — A commercial vessel operating in the Red Sea Friday reported that two missiles exploded in the water near its position as it sailed near Yemen, but caused no damage or injuries