Australia bounces out of recession as economy grows 3.3%

WELLINGTON, New Zealand (AP) — Australia's economy grew by 3.3% in the third quarter, rebounding from its first recession in nearly three decades as it recovered from pandemic-related shocks, accordin...

No breakthrough in India's talks with protesting farmers

NEW DELHI (AP) — The Indian government and protesting farmers were unable to reach common ground in talks held Tuesday, with the farmers saying their demonstrations against new agriculture laws will c...

World Bank warns of 'prolonged depression' in Lebanon

BEIRUT (AP) — Lebanon’s economy faces an “arduous and prolonged depression,” with real GPD projected to plunge by nearly 20% because its politicians refuse to implement reforms that would speed up the...

Atradius: COVID-19 crisis lends fresh urgency to MENA economic diversification efforts

Atradius’ latest report on Middle East and North Africa analyses challenges faced by the region and identifies opportunities for economic diversification to fuel future growth HONG KONG SAR - Media Ou...

Salaries set to rise in 2021, but employers in the Philippines signal increased caution, says Mercer survey

Companies forecast a 5.6% overall increase in salaries for 2021, but more than half say they expect changes to salary increment levels. Nearly seven in 10 companies have implemented a hiring freeze 1...

Business Highlights

___ This holiday season, everyone is shopping from home NEW YORK (AP) — The viral pandemic is accelerating a transformation of America’s holiday shopping season. Fe...

Mexico sets another $11.5 billion in infrastructure projects

MEXICO CITY (AP) — Mexico announced another round of 29 private and public infrastructure projects Monday worth about $11.5 billion which are expected to break ground by the end of 2021. ...

Indian authorities invite farmers for talks amid massive protests

The Indian government on Saturday invited trade unions for talks to discuss their demands regarding a set of agriculture laws that are being vehemently opposed by the country's farmers. Agricultu...

Venezuela's baseball season kicks off but virus takes a toll

CARACAS, Venezuela (AP) — Venezuela’s storied baseball season kicked off Friday — and an economic crisis and global pandemic will make it one for the record books. Stadiums that have...

Pandemic pushes Peru's vital peasant farmers to the brink

PISAC, Peru (AP) — Under a punishing Andean sun, Nazario Quispe digs his plow into the soil where he is growing dozens of different potato varieties — uncertain when he will be able to afford the seed...

India's economy contracts by 7.5%, enters its 1st recession

NEW DELHI (AP) — India’s economy contracted by 7.5% in the July-September quarter following a record slump of 23.9% in the previous three months, pushing the country into a recession for the first tim...

Taiwan’s economy likely grew by 2.54% in 2020 despite coronavirus pandemic

TAIPEI (Taiwan News) — Despite the Wuhan coronavirus (COVID-19) pandemic shrinking economies around the world, Taiwan’s Gross Domestic Product (GDP) will still be able to grow by 2.54 perc...

British bike maker pedals on, with Brexit deal up in the air

LONDON (AP) — The team at Brompton Bicycle Ltd. thought they were prepared for Brexit. Bosses at the British firm, which exports hand-made folding bikes to 47 countries, looked at th...

Thailand sees first trickle of tourists in October as curbs ease

Thailand recorded its first 1,201 foreign tourists in October since a ban in April aimed at averting coronavirus outbreaks, as the country gradually opens up to a select number of visitors to help its...

US economy surges by record xx.x% in Q3

WASHINGTON (AP) — The U.S. economy rebounded at a record pace of 33.1% in the July-September quarter, unchanged from the first estimate a month ago. But a resurgence in the coronavirus is expected to ...