The plan will be implemented over the next three years, Xu Hongcai, vice-chairman of the National People's Congress's financial and economic committee, said
The International Monetary Fund and others worry that a dangerous liquidity shortfall could take its place in many emerging economies — setting back development, stunting climate change mitigation and fueling distrust in governments and Western institutions
World Bank is asking shareholders to increase their contributions
The report finds that these economies are poorer today on average than they were on the eve of the COVID-19 pandemic, even as the rest of the world has largely recovered from COVID
Slight increase in travelers expected to give temporary boost to spending, domestic consumption
On Monday prices had been supported by the possibility that Iran, a key producer and member of the Organization of the Petroleum Exporting Countries, may be directly drawn into a widening Middle East conflict
Walkout could shut down 36 ports from Maine to Texas that handle about half the goods shipped into and out of the US
With inflation declining and labor market pressure abating, signs are increasingly positive for the post-COVID global economy
Industry representatives worry imposition of duties could force French liquor from Chinese market
Dramatic shift comes after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for American consumers
The Luxembourg-based General Court mostly agreed with the European Union competition enforcer's assessments of the case, but annulled the fine
The plan reportedly will be implemented by the end of this year and would impact jobs across the Americas, Europe, Asia and Africa
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