Global debt has grown to $315 trillion this year — here's how we got here
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance.
Economy asian news
Chinese yuan falls to six-month low on dollar strength
SHANGHAI/HONG KONG -- The Chinese yuan traded on the mainland hit a six-month low against the dollar of 7.2488, highlighting the divergent monetary policies of the world's two biggest economies.
I.M.F. Is Upbeat on China’s Growth but Questions Industrial Policy
Responding to China’s surging exports and extensive investments in new factories, the International Monetary Fund made sizable increases on Wednesday in how much it believes China’s economy will grow this year and next.
Porsche reveals first-ever 911 hybrid sports car, starting at $164,900
Porsche on Tuesday revealed the first-ever production hybrid version of its iconic 911 sports car, with a starting price of $164,900.
Cambodia digital payments to nurture local currency, says central bank head
TOKYO -- Cross-border QR code payments made through Cambodia's Bakong digital financial system are set to boost the use of the Southeast Asian nation's riel currency, the governor of its central bank told Nikkei Asia on Friday.
For Asia to grow rich, cope with ageing, education, social welfare are essential, UN report says
As economies in Asia and the Pacific slow and grow older, countries need to do more to ensure that workers get the education, training and social safety nets needed to raise incomes and ensure social equity, a United Nations report said on Tuesday.
Thailand targets tourism boost with longer stays for visitors, students, ‘digital nomads’
Thailand’s government said on Tuesday it had approved longer visa stay periods for tourists, postgraduate students and remote workers, and better visa conditions for retirees, in a move to boost its crucial tourism sector as its economy stutters.
UN report says that education, social safety nets vital for Asia to grow rich, cope with aging
TOKYO (AP) — As economies in Asia and the Pacific slow and grow older, countries need to do more to ensure that workers get the education, training and social safety nets needed to raise incomes and ensure social equity, a United Nations report said Tuesday.