Tag: ECON
Lebanon devalues official exchange rate by 90%
Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value.
Brazil and Argentina to discuss common currency
Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned.
China's first population drop in six decades sounds alarm on demographic crisis
China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline in its citizen numbers with profound implications for its economy and the world.
'Tough times': Warnings sound over China's rapid 'zero-COVID' exit
A week after China began dismantling its tough 'zero-COVID' controls, the World Health Organization warned of "very tough" times ahead and state media reported some seriously ill patients at hospitals in Beijing, raising fears of a wave of infections.