Sri Lanka’s economy shrank 3.1 percent in the April-June quarter, official data showed on Friday, as the country struggles to claw out of its worst financial crisis in decades.
Chinese President Xi Jinping said on Saturday that China would widen market access in the service industry and promote cross-border services trade.
Factory worker Lubna Babar was made redundant at the beginning of the year, a victim of a crisis in the Pakistan textile industry that has seen it lose ground to more nimble Asian competitors.
China’s direct economic losses from natural disasters surged to 41.18 billion yuan ($5.74 billion) in July, more than in January to June combined, driven by severe weather as two powerful typhoons hit the country in one month.
The US said it is taking steps to impose visa restrictions on individuals and aid cuts in response to Cambodia's national election, which Prime Minister Hun Sen's ruling party won in a landslide after his most credible rivals were disqualified
Sri Lanka’s inflation eased to 12 percent in June, official data showed Saturday, the lowest figures since the island nation careened into an unprecedented economic crisis last year.
India’s Defence Secretary Giridhar Aramane met Myanmar’s senior leadership, including the defence minister, and discussed a number of issues including maintenance of tranquillity in border areas, illegal trans-border movement, drug trafficking, and smuggling
Goldman Sachs analysts have cut forecasts for China’s economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds.