Economy

Indian billionaire Mukesh Ambani has stepped down from the role of director of the telecoms arm of Reliance Industries in favour of his son Akash, setting the stage for a...

Manila, Philippines – As a young engineer in the early 1980s, Edgardo Perea worked on a project that he hoped would bring a reliable supply of clean water to households...

Stocks fell in afternoon trading on Wall Street Tuesday as the broader market remains gripped by uncertainty over pervasive inflation, rising interest rates and the potential for a recession. The...

US home prices ran hot again in April, notching another month of more than 20% year-over-year gains, according to the latest S&P CoreLogic Case Shiller US National Home Price Index...

Ubud, Indonesia – Nadhea Putri’s mounting debt began with a single mobile phone purchase. Putri, who lives in Kuala Kapuas, Central Kalimantan, about 1,600km from Jakarta, had dreamed of upgrading...

Iran has submitted an application to become a member of the group of emerging economies known as the BRICS, an Iranian official said on Monday. Iran’s membership in the BRICS...

US President Joe Biden on Monday signed a national security memorandum to fight illegal fishing, part of pledged efforts to help countries combat alleged violations by fishing fleets, including those...

Cocaine. Stashes of cash. A down-on-his-luck Bulgarian wrestler. For days during the February trial, the lurid details captivated Swiss finance as Credit Suisse Group AG faced charges that it had...

Russia has defaulted on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, according to media reports, further alienating the country from the...

Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors. For months,...