Gulf Times - economy
Sri Lanka risks debt default, warns largest party

Sri Lanka risks debt default, warns largest party

Sri Lanka's largest party warned Tuesday that the island could default on its debt as Moody's slashed its credit rating and a bitter power struggle dragged into a fourth week.

Italy wants EU 'flexibility' over budget

Italy wants EU 'flexibility' over budget

Italy's populist government said the EU must show flexibility over its big-spending budget because the country had to cope with a series of natural disasters, including floods and a deadly bridge collapse in Genoa.

Call for open markets as world leaders gather in Singapore

Call for open markets as world leaders gather in Singapore

Singapore's prime minister made an impassioned plea Monday for open markets and warned ‘political pressures’ were driving countries apart, in a swipe at rising protectionism at the start of a gathering of world leaders.

Qatar economy has overcome blockade: Amir

Qatar economy has overcome blockade: Amir

Qatar's economic invulnerability against external tremors has been boosted and its self-reliance has increased, and the country has been able to overcome the impacts of the blockade to a large extent ...

'Host of challenges' face German economy, Merkel says

'Host of challenges' face German economy, Merkel says

The German economy is facing ‘a host of challenges’ due to difficult economic conditions around the globe, Chancellor Angela Merkel said on Saturday.

Cost of climate-linked disasters soars: UN

Cost of climate-linked disasters soars: UN

The economic cost of climate-related disasters hit $2.25 trillion over the last two decades, an increase of more than 150 percent compared to the previous 20 years, the UN said Wednesday.

Zimbabwe president says new tax necessary pain for recovery

Zimbabwe president says new tax necessary pain for recovery

Zimbabwean President Emmerson Mnangagwa said on Monday a new tax on electronic payments was a painful but necessary part of the government's attempts to revive the economy ...

Moody's upgrades Qatar banking sector outlook to 'stable'

Moody's upgrades Qatar banking sector outlook to 'stable'

Global credit rating agency Moody’s has upgraded Qatar’s banking sector outlook to “stable” from “negative”, reflecting the resilience of the country's economy and banking system ...

LNG expansion project to boost local economy: QP chief

LNG expansion project to boost local economy: QP chief

Qatar Petroleum’s further increase in the capacity of Qatar’s LNG expansion project at the offshore North Field will significantly boost the local economy, said QP President & CEO Saad Sherida al-Kaabi.

IMF warns tariffs could come at 'significant economic cost'

IMF warns tariffs could come at 'significant economic cost'

Worsening trade tensions and exchange of tariffs could cause ‘significant economic cost’ to the global economy, an International Monetary Fund spokesman warned Thursday.

China's subway expansion could help its steel sector

China's subway expansion could help its steel sector

A push to expand subway networks along with a drive to boost infrastructure investment are helping brighten the outlook for China's steel sector.

Turkey central bank stuns markets with giant rate hike

Turkey central bank stuns markets with giant rate hike

Turkey's central bank on Thursday surprised markets with a bigger than expected rate hike to battle soaring inflation and boost the lira, prompting the embattled currency to surge in value.