Economy

What it means as El Salvador is poised to declare Bitcoins as legal tenders

On Sept. 7, 2021, El Salvador will become the first country to make bitcoin legal tender. The government even went a step further in promoting the cryptocurrency’s use by giving US$30...

European and US equities held back by fresh virus woes

London, United Kingdom: European and US stock markets wobbled on Wednesday despite bumper Asian gains as a surge of the coronavirus Delta variant fanned fresh...

US retail sales fall amid Delta variant worries, supply chain woes

New York, United States: Americans spent less on autos, but more at restaurants and bars in July, while Walmart shoppers returned to stores, buoyed...

Asian markets mixed after Wall St rally as virus worries persist

Hong Kong, China: Equity markets struggled to maintain early gains Wednesday and were mixed in later trade despite a strong rebound in New York,...

US had a two-month recession in 2020: researchers

Washington, United States: The US economy was in recession for two months in 2020 at the beginning of the Covid-19 pandemic as businesses shut...

Asian markets drop on fresh inflation, virus worries

Hong Kong, China: Asian markets sank Monday following big losses on Wall Street as inflation worries and the spreading Delta virus variant fuel worries...

Ireland ‘cannot’ accept global tax reform plans: finance minister

Dublin, Ireland: Ireland will not sign up to global tax reform plans, finance minister Paschal Donohoe insisted Thursday, entrenching the Republic's hold-out position as...

ECB announces ‘digital euro’ pilot project

Frankfurt, Germany: The European Central Bank on Wednesday formally launched a pilot project to create a "digital euro", in response to the growing popularity...

Latest news

Swiss unanimously votes for same-sex union referendum

GENEVA — In Switzerland, a controversial same-sex marriage referendum has been resoundingly approved by voters of the conservative, rich Alpine...

New Covid surge overwhelms hospitals in parts of US

WASHINGTON, D.C. — According to one of the country's top health officials, the spike in coronavirus cases in the...

China wants effeminate male celebs to man up

WASHINGTON — Macho men are in and effeminate male performers are out as Beijing expands its crackdown on China's entertainment...

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