A record number of passengers using Lisbon's airport is proving a bittersweet achievement as daily delays and a lack of space to park planes threatens to strangle the goose laying golden eggs for Portugal's economy.
Full Story
It was three decades ago, but Kazuhiko Ochiai still remembers his first taste of cheese when he visited France, a palate pleaser that inspired the former researcher to start producing his own variety in Japan.
Full Story
Sudan slashed the official value of its currency against the U.S. dollar by more than half on Sunday, the third devaluation this year in the face of a mounting economic crisis.
Full StoryThe International Monetary Fund has called on Pakistan’s new government to act fast to stabilise its teetering economy, warning growth will likely slow and inflation rise, but made no mention of a new bailout deal.
Former cricketer Imran Khan’s new administration had vowed to decide by the end of September if it would seek an IMF bailout to shore up the economy as it faces a balance-of-payments crisis and dwindling reserves.
Full StoryPhilippine inflation jumped to an almost 10-year high in September, data showed Friday, putting pressure on President Rodrigo Duterte to act as the cost of food and fuel hit the country's poor in the pocket.
Consumer prices have risen every month this year, with food surging further after Typhoon Mangkhut, the world's most powerful storm in 2018, smashed into the country's northern agricultural heartland in mid-September.
Full Story
New orders for German industrial firms booked a strong rebound in August from a slip in July, official data showed Friday, brightening the outlook for the second half of the year.
Full Story
EgyptAir stood by its story Thursday after U.S. actress Drew Barrymore's spokesperson denied she took part in an interview with the airline's in-flight magazine that went viral over its bizarre content.
Full Story
The head of the IMF Thursday called for an overhaul of Japan's economic policy, as the world's third-biggest economy battles stubborn low inflation, sluggish growth and a rapidly aging population.
Full StoryDanske Bank said Thursday it was being investigated by the U.S. Department of Justice over possible money laundering related to more than $200 billion transferred through the Danish lender's Estonian branch.
Denmark's largest lender is at the center of a storm of controversy and several inquiries after it said "a large part" of transactions totaling 200 billion euros ($235 billion) at its Estonian branch between 2007 and 2015 were "suspicious."
Full StoryIs inflation about to rise? Are interest rates too high? Or too low? Are economic risks lurking? These are the fears that keep U.S. Federal Reserve Chairman Jerome Powell from getting a good night's sleep.
While he was generally upbeat about the U.S. economy, predicting that the good news could continue "effectively indefinitely," when asked what keeps him up at night, Powell said, "Basically everything."
Full Story