Economy

'Overtourism' brings some chaos to summer of 2024

It’s the first year in which global tourism is expected to set records since coronavirus pandemic

BMW recalls 1.3M vehicles in China over Takata airbag inflators 

The recall covers nearly 600,000 vehicles made in China between 2005 and 2017 and more than 750,000 imported vehicles made between 2003 and 2018

Asian stocks extend recovery, yen weakens as some calm returns

Japan stocks plunge, leading global market sell-off

Some investors are concerned about a possible US recession

Report: Tens of billions of dollars in gold flows illegally out of Africa each year

Most of it ends up in the United Arab Emirates

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal

The move is announced as energy prices rise and big oil companies reap massive profits

Lebanon's reforms insufficient for recovery, IMF says

Refugees, Gaza war spillover, fighting with Israel exacerbate dire economic situation

EU condemns Kosovo’s closure of Serbian banks

Bank closures resulted in the loss of all Serbian financial institutions in northern Kosovo

Prada focuses generational transition on Italian artisans

It’s expanding production and workforce in Italy

With inflation soaring, Argentina will start printing 10,000-peso notes

Argentina's annual inflation rate reached 287% in March

Japan proposes expanding commercial whaling to fin whales

It’s a larger species than the 3 allowed now

Zimbabwe appeals to its diaspora population and foreigners for investments 

Finance Minister Mthuli Ncube said Zimbabwe’s economy was one of the fastest-growing in the region, and investors should get on board