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Debt-saddled Laos struggles to tame rampant inflation
Debt-saddled Laos struggles to tame rampant inflation
Business and Economy
by  AFP

Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging. A growing number of households are so desperate for food that they are now having to forage to supplement their diets, according to a World Bank household survey earlier this year.

Climate finance can be hard sell, says aide to banks and PMs
Climate finance can be hard sell, says aide to banks and PMs
Business and Economy
by  AFP

Trillions of dollars are needed to make poorer nations more resilient to climate change, and studies have estimated that every $1 invested today will save at least $4 in future. - Political jitters - But governments are limited in the amount they can borrow, he said, and reluctant to dip into their budgets for climate adaptation in poorer nations.

Beirut businesses struggle to stay afloat under Israeli raids
Beirut businesses struggle to stay afloat under Israeli raids
Business and Economy
by  AFP

Lina al-Khalil has fled her south Beirut home to escape escalating Israeli attacks on Hezbollah, but she still returns daily to the bombarded area to keep the family business running. - 'Hide-and-seek' - South Beirut grocer Mehdi Zeitar, in his 50s, has had to find a place to live after an Israeli strike destroyed his home.

China's Xi urges APEC unity in face of 'protectionism'
China's Xi urges APEC unity in face of 'protectionism'
Business and Economy
by  AFP

Chinese President Xi Jinping on Saturday called for Asia-Pacific economies to "unite and cooperate" in the face of mounting "protectionism," at a summit in Peru. Speaking to Asia-Pacific Economic Cooperation (APEC) leaders hours before he is due to hold talks with US counterpart Joe Biden, Xi pointed to "challenges such as geopolitics, unilateralism and rising protectionism."