Hong Kong suffered its worst quarterly contraction since modern records began, official figures showed Monday, as the coronavirus outbreak hammered an economy already mired in recession from political …
Hong Kong falls more than 4% as US-China tensions weigh on investor sentiment
Tensions are rising between Washington and Beijing, as U.S. President Donald Trump said Sunday that he believed that a “mistake” in China was the cause of the spreading coronavirus pandemic.
Taiwan’s ‘hidden champions’ help coronavirus fightback
Instead, they were from a clutch of machine tool companies — making the machines that help Taiwan’s industrial wheels turn. And what they were about to accomplish would reinforce their often …
Hong Kong recession deepens further, first-quarter GDP shrinks 5.3% quarter-on-quarter
Hong Kong’s recession deepened in the first quarter as the coronavirus pandemic dealt a heavy blow to business activity, already in decline following months of often violent anti-government protest …
Georgia’s economy is open for business, but normal still a long way off
Georgia economy needs good medical news more than anything, experts say, even as more businesses reopen and shelter-in-place order expires.
Kuwait police break up ‘riot’ by Egyptian workers stranded by coronavirus
Incident is first reported sign of unrest from Gulf ’s vast population of foreign workers who have lost jobs in crisis …
Kuwait police disperse ‘riot’ by Egyptians stranded by virus
Police in Kuwait dispersed what they described as a riot by stranded Egyptians unable to return home amid the coronavirus pandemic, authorities said early Monday. The development was the first …
Lebanon’s Economic Collapse: What Happened?
“The economic crisis is, at its core, a governance crisis emanating from a dysfunctional sectarian system that hindered rational policymaking and permitted a culture of corruption and waste,” experts …
Bankrupt Lebanon’s turn to IMF is overdue
The central bank’s governor since 1993, Riad Salameh, continued to attract dollars from Lebanon’s diaspora and around the Middle East by offering ruinously high exchange rates. He called this …
Lebanon restaurants partially reopen, face faltering economy
The owners of some of Lebanon’s best-known clubs have pulled together a three-day, non-stop virtual music festival …