Economy

Biden: Not seeking conflict with China, Russia

US President Joe Biden marked his first 100 days in office with a joint address to Congress where he repeatedly spoke of global cooperation in a major shift from the hawkish nationalism of his predecessor Donald Trump.

Biden closes climate summit with world leaders pledging action

Could the planet finally be on track to limiting climate change? After US President Joe Biden ramped up ambitions with a climate summit, experts are cautiously saying yes — although a difficult path lies ahead.

Germany’s Easter lockdown likely to fuel more bankruptcies

Almost all shops will be closed and religious services moved online during the five-day period amid surging virus rates but critics say the German government is operating with “tunnel vision.”

Lebanese PM-designate: Cabinet needed to restore trust, hope

The economic and financial crisis roiling Lebanon is the gravest threat to its stability since the 15-year civil war ended in 1990.

Google pledges to invest $7B and create over 10,000 US jobs

Online giant’s plans follow surge in internet traffic after pandemic restrictions drove more users and advertisers online.

New Zealand seeks urgent end to global tariffs on virus supplies

New Zealand hopes APEC members will quickly agree on a list of products that should have tariffs removed and that the list will then be used as a template by other nations around the world.

China's export growth at highest level in decades after hit from pandemic

Exports spiked 60.6 percent on-year in the January-February period, well above analysts' expectations, while imports rose 22.2 percent, with electronics and textile exports such as masks contributed to the spike in outbound shipments.

China boosts 2021 defence spending by 6.8% amid pandemic

Beijing will spend $210 billion on defence amid high government debt and coronavirus as ruling Communist Party sees economic growth of "over 6 percent" this year.

Turkey’s largest defence manufacturer hits record growth amid pandemic

Turkish defence giant ASELSAN’s revenue increased last year by 24 percent, reaching $2.23 billion, as the company signed export contracts worth over $450 million.

Erdogan: Turkish economy well-positioned to compete on world stage

Turkey's foreign exchange reserves stand at $95 billion and are poised to grow larger in the coming days, says Turkey's President Recep Tayyip Erdogan while speaking to a Provincial Congress of his governing Justice and Development Party in Izmir.

What can you buy with Bitcoin?

From purchasing goods via online retailers, bill payments to donations, there are several ways that Bitcoin holders can spend the cryptocurrency.

Fitch: Turkey's outlook stable, credit rating 'BB-'

Rating agency Fitch keeps Turkey’s credit status at “BB-” and revises outlook from “negative” to “stable”.