The US Treasury Department met with a number of industry participants this week to quiz them about the risks and benefits posed by stablecoins -- a rapidly growing type of cryptocurrencies, the value of which is pegged to traditional currencies, according to three people with direct knowledge of the meetings. 

A US judge on Friday ordered Apple to loosen control over its App Store payment system, a blow to the global tech giant sparked by its anti-trust battle with Fortnite maker Epic Games.

With the Taliban in control and foreign aid blocked, Afghanistan’s economy is likely to contract sharply as it faces a shortage of cash, the nation’s former central bank chief said Friday.

European governments have spent hand over fist, despite ballooning public debt, to prevent the coronavirus pandemic from triggering economic calamity.

After remaking their security procedures following the 9/11 attacks to stop airline hijackings, carriers are now faced with rising threats targeting computers and electronic equipment critical to their operations and safety.

Afghanistan's central bank has ordered banks to pay out remittances in local currency only, the latest move to preserve scarce U.S. dollars, say sources familiar with the matter.

As a nurse at one of Kabul’s main hospitals, Latifa Alizada was the breadwinner for her family, providing for her three young boys and unemployed husband.Now -- since the Taliban rolled into Afghanistan’s capital -- she too is jobless, and worried about the future.

European aerospace giant Airbus has clinched a landmark $3 billion deal to make military aircraft for India in partnership with local conglomerate Tata, the defence ministry said Wednesday.

China’s factory gate inflation hit a 13-year high in August driven by roaring raw materials prices despite Beijing’s attempts to cool them, putting more pressure on manufacturers in the world’s second-largest economy.

Ford Motor Company will stop manufacturing cars in India and shut down its plants in the country, two sources told Reuters, becoming the latest automaker to quit a market still dominated by Asian rivals. 

US economic growth  “downshifted slightly” in July and August amid shortages of workers and materials, as well as concerns about the rise of the highly transmissible Delta variant of the virus that causes Covid-19, the Federal Reserve said Wednesday.

The International Monetary Fund (IMF) has loaned Tanzania more than half a billion dollars in emergency financing as the coronavirus pandemic drags on its economy and critical tourism sector.

The European Central Bank could tighten policy sooner than many expect as inflationary pressures could prove to be persistent, ECB policymaker Robert Holzmann said in a contribution to Eurofi Magazine on Wednesday. 

South Africa’s state-owned insurance company Sasria is in talks with National Treasury for a larger bailout than the 3.9 billion rand ($272 million) already promised, its managing director told a parliamentary committee on Wednesday.

Singapore-based Agrocorp Pte International yesterday got the contract to supply 50,000 tonnes of wheat to the Directorate General (DG) of Food, according to a decision of the cabinet committee on purchase.

Oil prices rose on Wednesday, paring overnight losses, with producers in the US Gulf of Mexico struggling to restart operations nine days after Hurricane Ida swept through.

The Lebanese government said on Wednesday it was working with the World Bank to secure financing for a plan to import Egyptian gas via Jordan and Syria to generate power for Lebanon, which is struggling with an economic crisis and acute power shortages. 

The Indian government is considering allowing foreign institutional investors to buy up to a total of 20 per cent in state-owned Life Insurance Corporation (LIC), a government source said on Wednesday, as it presses ahead with a stake sale.  

British business organisations criticised Prime Minister Boris Johnson’s plans to increase taxes to pay for health and social care reform, saying they added to the burden on firms struggling due to the Covid-19 pandemic and would cost jobs.

Finance ministers from the world’s seven wealthiest nations are set to meet later this week to discuss global tax reform, according to the UK Treasury on Tuesday.