Economy

Bali and Jakarta, Indonesia – Late last year, Balinese woman Nih Lu Putu Rustini got the shock of her life when she tried to withdraw cash from an ATM to...

The late Paul Volcker was dubbed the “dragon slayer” for conquering inflation as the Federal Reserve’s chair in the 1980s. The central bank’s current chief, Jerome Powell, is yet to...

China’s economy is undergoing a painful transition as Beijing tries to steer it out of a post-COVID slump and a real-estate debt crisis. Chinese leader Xi Jinping’s administration is championing...

Taipei, Taiwan – More than half of people in Southeast Asia would side with China over the United States if forced to choose, a survey has found, underscoring Beijing’s growing...

Doom and gloom outlooks on China are too heavily based on misconceptions, blinding analysts to the country’s potential for massive growth down the road, economist Nicholas R. Lardy says. While...

Businesses in the U.S. added 184,000 workers to their payrolls in March, the largest increase in hiring since July, according to payroll processor ADP. The prior month’s hiring figure was...

Just over 2% of applicants to a Houston-area guaranteed income program were accepted — a lower acceptance rate than Harvard or Yale. Starting this month, 1,928 families will receive $500...

Welcome to Foreign Policy’s Africa Brief. The highlights this week: Puntland withdraws recognition of Somalia’s federal government, Zuma is banned from South Africa’s May election, and Uganda tells civil servants...

Trump Media shares jumped higher on Tuesday after the company said it has no debt and over $200 million of cash on hand. Shares of Trump Media & Technology Group,...

The Fed is still poised to issue its first rate cut in June as the pace of inflation continues to slow, according to Fundstrat’s head of research Tom Lee. Lee,...