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Floods, other water-related disasters could cost global economy $5.6t by 2050

Worsening droughts, storms and torrential rain in some of the...

Crisis pushes more Sri Lankans into poverty

In her outstretched palms, 49-year-old Nilanthi Gunasekera holds her family’s...

Pakistan floods cost at least $10 billion, planning minister says

Early estimates put the damage from Pakistan's recent deadly floods...

Singapore launches new work visa rules to woo foreign talent

Singapore has announced new work visa rules to woo foreign...

India's status as world's fastest growing major economy to be short-lived: Reuters poll

India likely recorded strong double-digit economic growth in the last...

Sri Lankan children going to bed hungry: UNICEF

As the economic crisis continues to rattle Sri Lanka, it...

Indonesia may raise fuel prices by 40pc to manage fiscal pressure

Indonesia may raise subsidised fuel prices by 30 per cent...

Japan's wage growth to lag inflation over next 12 months: Reuters poll

Japanese wages are unlikely to grow as much as nationwide...

Taiwan unveils record defence budget amid tensions with China

Taiwan has unveiled plans for a record boost in defence...

Biden forgives millions of student loans

President Joe Biden said on Wednesday the US government will...

India provides $1m to BIMSTEC for operational budget 

India has provided $1 million to the Bay of Bengal...

Qatar aims to invest $3.0 billion to support ‘cash-strapped’ Pakistan

The Qatar Investment Authority aims to invest $3.0 billion in...

Kuwait raises oil production to meet increasing demand 

Kuwait has said that it will increase oil production to...

Pandemic sets back Asia-Pacific's poverty fight by 2 years: ADB

The pandemic has set back the fight against poverty in...

India e-commerce firms ramp up hiring ahead of shopping season

India's e-commerce companies are adding delivery personnel at a rapid...

UK inflation likely to hit 18pc next year, Citi forecasts 

British consumer price inflation is set to peak at 18...

China cuts lending benchmarks to revive faltering economy

China cut its benchmark lending rate and lowered the mortgage...

Iraq's foreign currency reserves to hit $90b by end of 2022

Iraq's foreign currency reserves are now above $80 billion and...

Bhutan bans import of most vehicles as forex reserves plummet

Bhutan will ban the import of all vehicles except utility...

Sri Lanka faces mass brain drain amid crisis

Shamla Yoosoof, an investment researcher from Colombo, left Sri Lanka...

Pakistan names Jameel Ahmad as new central bank governor

Pakistan named Jameel Ahmad, a deputy governor of the State...

OPEC says it should not be blamed for oil price hike

Policymakers, lawmakers and insufficient oil and gas sector investments are...

Australia jobless rate hits fresh 48-year low

Australia's jobless rate dropped to a fresh 48-year low in...