Business / Economy Sep 18, 2019

Japan's exports fell for ninth straight month in August

Exports dropped for a ninth straight month in August as trade conflicts compound a global economic slowdown. The value of shipments abroad fell 8.2 percent in August from a year earlier, according to the Finance Ministry. Economists surveyed by Bloomberg had estimated a 10 percent ...

Dubai to curb pace of construction projects as prices skid

Business / Economy Sep 3, 2019

Dubai to curb pace of construction projects as prices skid

Dubai's ruler issued a directive on Monday that would curb the pace of new real estate construction projects as property prices fall and the sheer scale of developments threatens to outstrip demand. Sheikh Mohammed bin Rashid Al Maktoum ordered the creation of a committee to ...

Lebanese officials declare state of economic emergency

Business / Economy Sep 3, 2019

Lebanese officials declare state of economic emergency

Lebanon's political leaders declared what they called an economic state of emergency Monday following a meeting aimed at finding a solution to the country's economic crisis, raising concerns that more taxes will be imposed. Lebanon has one of the world's highest public debts in the ...