OPEC and allies expected to gradually increase output
FRANKFURT, Germany — Members of the OPEC oil cartel and allied producing countries are juggling conflicting pressures in global oil markets as they establish...
Brazil’s economy grows more than expected in first quarter
RIO DE JANEIRO — Brazil's economy grew more than expected in the first quarter of 2021, continuing its rebound from pandemic recession as many...
Zoom’s boom continues in 1Q, raising post-pandemic hopes
SAN RAMON, Calif. — Zoom is still booming, raising prospects that the video-conferencing service will be able to sustain its momentum, even as the...
China’s central bank tries to stop surge in currency’s value
BEIJING — China’s central bank is trying to restrain the surging exchange rate of its currency, temporarily backtracking in efforts to make the tightly...
World Bank: Lebanon’s crisis among world’s worst since 1850s
BEIRUT — Lebanon’s severe economic and financial crisis is likely to rank as one of the worst the world has seen in more than...
China’s manufacturing holds steady, rebound leveling off
BEIJING — China’s manufacturing held steady in May, a survey showed Monday, adding to signs a post-pandemic rebound is leveling off.
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Forecast: Global economy rebounding, faces multiple threats
FRANKFURT, Germany — The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds including...
US sells off Iranian crude oil seized off coast of UAE
DUBAI, United Arab Emirates — The U.S. has sold some 2 million barrels of Iranian crude oil after seizing an oil tanker off the...
Bank of Italy forecasts 4% GDP growth in 2021
MILAN — The head of Italy’s central bank said Monday the eurozone’s third-largest economy could grow 4% this year, after shedding 9% during the...
Mississippi reckons with ending pay boost for the unemployed
JACKSON, Miss. — Katrina Folks says she has tried everything she can think of to find work since losing her job in September because...