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Business 01 Jan 2021 | 7:00 AM

Mexican finance minister picks holes in central bank cash bill

MEXICO CITY: Mexican Finance Minister Arturo Herrera on Wednesday criticised a controversial bill proposed by the country’s ruling party that would force the central bank to buy foreign cash commercial banks are unable to return to the financial system.

Business 30 Dec 2020 | 7:00 AM

Russia to scale down state support for the economy

MOSCOW: Russia will scale down its state support of the economy in 2021, eyeing rising costs on servicing burgeoning state debt in the fallout of its response to the Covid-19 pandemic and the collapse of oil prices, Finance Minister Anton Siluanov said.

Business 25 Dec 2020 | 7:00 AM

Currency devaluation may not be enough to salvage sinking economy

BAGHDAD: Iraq’s currency devaluation will add inflation to the list of hardships facing a population recovering from a devastating war with Islamic State.

World 15 Dec 2020 | 11:56 PM

Spotlight: Britain's economy to recover in 2021, but not strong to reach pre-pandemic level soon: experts

LONDON, Dec. 15 (Xinhua) -- Britain's economy is likely to see a sharp recovery in 2021 but hard to reach pre-pandemic levels of activity anytime soon, a number of Britain-based experts gave their views to Xinhua on how they expect the British economy to perform in the new year.