BEIJING – China on Thursday announced its lowest growth target in 35 years, as the world’s second-largest economy grapples with domestic challenges and rising uncertainty around the world. This year, China will aim for 4.5% to 5% growth in gross domestic product “while striving for improvement in behaviour”, China’s No. 2 official, Premier Li Qiang,…
Why is there war in the Gulf? Very dangerous for global development. There is no other place on the planet with such concentrated reserves of energy as the Arabian Gulf. This is the great paradox that has both haunted and sustained the region for decades; This is part of the reason why so many countries…
reuters Shoppers on Oxford Street during Boxing Day sales The new year signifies a fresh start. The latest monthly figures on the economy do not confirm a gear change and also do not support the worst doomsayers claiming decline and recession. While the outlook is neither dire nor optimistic, the start of a new year…
The UK economy grew a faster-than-expected 0.3% in November after a rebound in car production and a boost to the services sector. The Office for National Statistics (ONS) said the growth was driven by an increase in industrial output, helped by the return of production at Jaguar Land Rover facilities following a cyber attack on…
Nara, Japan — South Korean President Lee Jae-myung and Japanese Prime Minister Sanae Takaichi agreed to step up cooperation between the neighbours, whose relations are sometimes strained as they both face growing uncertainty and regional challenges. “I believe that cooperation between Korea and Japan is more important now than ever, as we continue to move…
