EU Council President Charles Michel’s upcoming visit to China shows that energy-starved Europe wants to secure economic ties with Beijing.
The world economy will grow just 3.1 percent this year, down sharply from a robust 5.9 percent in 2021, according to the projections by the Paris-based Organisation for Economic Cooperation and Development.
Political instability has left Nepal with 13 different governments in the past 16 years and the frequent changes and squabbles among parties have been blamed for a slow economy.
The Indonesian Presidency has set the agenda for the summit against a backdrop of a potential global recession, disruptions related to Covid-19 and an energy and food crisis.
Due to delivery bottlenecks, industrial production has fallen 0.8% month-on-month, says Germany's statistical office.
German business climate index has fallen to its lowest level since the early stages of the Covid-19 pandemic in May 2020.
Sali Hafiz, who used her nephew's toy pistol for the heist, said she managed to free about $13,000 of the $20,000 she said her family had deposited.
"Negotiations under the US-Taiwan Initiative on 21st Century Trade will begin soon," Taiwan's president says, assuring that the initiative will facilitate a strong trade agreement.
Financial assistance from the international lender is conditional on a plan to restructure the island nation's $51 billion foreign debt after an April default.
Bundesbank chief Joachim Nagel has warned that recession is likely next winter if the energy crisis worsens.
Bassam al Sheikh Hussein took drastic action to access his savings so he could pay for surgery for his father.
With a mountain of debt, growing unemployment and millions to feed, the new President needs a miracle to pull his country out of the morass.
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