Cambodia’s microloan sector under scrutiny as poor drown in debt | Coronavirus pandemic
Siem Reap – When Sam’s hard-up relatives needed money to buy a plot of land and start their own business
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Economy
New spinning wheel may boost India’s hand-woven pashmina business | Business and Economy News
Srinagar, India–It was in October that Shaista Bilal, a resident of the old quarters of Srinagar in Kashmir, first heard
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Philippines’s Marcos names new finance chief, central bank head | Business and Economy
President-elect points to rising inflation and job creation as priorities of his administration. Philippine President-elect Ferdinand Marcos Jr has announced
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Sri Lanka PM trying to fast-track IMF talks | Business and Economy News
The PM is seeking $4bn from the IMF, China and Japan to pay for food and fuel even as he
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New Zealand’s Ardern urges US to return to regional trade pact | International Trade
Remarks are latest signal by an Asia-Pacific leader that US President Biden’s engagement with region is falling short. New Zealand
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US stocks rally as Fed minutes meet expectations | Business and Economy News
Investors fear that overly aggressive interest rate hikes by the Fed could tip the economy into recession. Wall Street closed
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Too far: Russia races to stem a rally in the ruble | Russia-Ukraine war News
Russia is racing to stem a rally in the ruble and is poised to accelerate interest-rate cuts as officials increasingly
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Fed saw aggressive hikes allowing flexibility later this year | Business and Economy News
Most Federal Reserve officials agreed at their gathering this month that the central bank needed to tighten in half-point steps
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Fed minutes show strong backing for 0.50% hikes in June, July | Business and Economy News
Most Federal Reserve officials agreed at their gathering this month that the central bank needed to tighten in half-point steps
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AU chairperson says Africa a ‘collateral victim’ of Ukraine war | African Union News
Millions of Africans have been pushed into extreme poverty by COVID and face rising costs because of the Ukraine war.
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