economy - Page 6

House Republicans Prepare Launch of ‘Commitment to America’ Agenda

House Republican leaders on Thursday morning unveiled to GOP members at a conference meeting the party’s new “Commitment to America” agenda, a core group of policies that fit on a pocket card designed to help them and their candidates communicate the GOP’s vision effectively in the midterm elections.

Participants carry an American flag during the 4th of July parade in Santa Monica, Calif.

Japan: Giant Squid Statue Built with Pandemic Aid Earning Its Keep with Tourist Revenue

The government of Noto, a central Japanese town known for its squid fishery, said Monday that its once controversial decision to erect a giant squid statue with pandemic relief funds in October 2020 had paid off, as it had since boosted tourism in the area and thus generated significant income for the local economy, the Japan Broadcasting Corporation (NHK) reported Tuesday.

squid state

South Korea Logs World’s Lowest Fertility Rate

South Korea recorded the world’s lowest fertility rate in 2021, Bloomberg reported on Tuesday, noting that the development supports a current prediction by demographers that South Korea’s population of 51 million will more than halve by 2100.

Newborn baby concept, Asian Baby boy

U.N. Chief Urges ‘Unimpeded Access’ to Russian Food, Fertilizer in Global Market

United Nations Secretary-General Antonio Guterres on Saturday urged governments and private sectors worldwide to allow Russian food and fertilizer “unimpeded access” to the global market as they are “not subject to sanctions” imposed on Moscow by the U.S. government and its allies in response to Russia’s latest war with Ukraine, Turkey’s Hürriyet Daily News reported.

U.N. Secretary-General Antonio Guterres talks to media at a press conference, during the H

Report: Indian Traders Using Asian Currencies to Buy Russian Coal

Indian traders have reportedly been settling payments for Russian coal in currencies other than the U.S. dollar — including the Chinese yuan, the Hong Kong dollar, the United Arab Emirates (U.A.E.) dirham, and the euro — in an effort to skirt Western sanctions imposed on Moscow in recent months in response to its latest war with Ukraine, Reuters reported on Wednesday.

HAI'AN, CHINA - MAY 15 2022: A clerk counts renminbi banknotes at a bank outlet in Hai'an

Report: China Destroying Myanmar with Rare Earth Mining for ‘Green’ Energy

Chinese-owned companies in Myanmar are allegedly responsible for illegal mining operations that are destroying the natural landscape of Myanmar’s border region with China, local miners of dysprosium and terbium — two heavy rare earth minerals used in clean energy products and smart electronics — told the organization Global Witness for a report published on Tuesday.

A depiction of a rare earth mining operation in Myanmar. (AP Illustration/Peter Hamlin)

Report: India Seeks Restrictions on Cheap Chinese Smartphone Sales

New Delhi is allegedly seeking ways to prevent Chinese smartphone manufacturers from selling their devices for less than 12,000 rupees ($150) within India as part of an effort to protect domestic technology companies struggling to compete with the cheap phone makers, Bloomberg reported on Monday citing people familiar with the matter.

Children play games on their mobile phones at a street corner in Mumbai on September 6, 20

Cuba: Women, Children Protest with Human Chain Across Havana Highway

A large group of mainly women and children formed a human chain to block a major highway outside of Havana, Cuba, on Tuesday to protest the island’s poor living conditions, including worsening power outages, caused by the corruption and mismanagement of the country’s communist regime, the news website Cubanet reported on Tuesday.

Cuban mother and children block major highway into Havana, Cuba, August 2, 2022.

Lebanon: Sections of Beirut’s Blast-Stricken Grain Silos Collapse

Sections of Beirut’s grain silos collapsed on Sunday after weakening during a weeks-long fire caused by recent high temperatures that fermented the silos’ grain stores, Agence France-Presse (AFP) reported, noting that the silos were infamous for shielding much of western Beirut from an August 2020 port explosion and sustaining partial damage from the blast themselves.

The grain silos at Beirut's port were severely damaged two years ago in a devastating expl

Sri Lankans Begin Flooding India in Burgeoning Migration Wave

At least six people arrived illegally in India’s Tamil Nadu state on Wednesday after traveling there by boat from Sri Lanka, an island nation located 34 miles off India’s southern coast at its shortest distance, the Hindustan Times reported on Thursday, noting that the incident was indicative of a growing migration wave as dozens of Sri Lankans have fled the financially troubled country for India since its economy effectively collapsed in March.

Drivers are waiting in long queues at an Indian Oil Corporation (IOC) filling station in C