China-US trade war to ease, but conflicts will persist — ex-minister

Beijing: A Sino-US trade war could ease somewhat but wider conflicts between the world’s two largest economies will continue, Lou Jiwei, a former Chinese finance minister, said on Saturday. “Look at the next development, there could be compromises in the trade war at a certain stage, and we have seen signs of compromising,” Lou, now […]

Egypt inflation hits 9-year low, with scope for more rate cuts

Cairo: Egypt’s inflation rate slowed to its lowest level in over nine years, offering fresh ammunition for the central bank to move ahead with another rate cut when it meets next week. Consumer prices in urban parts of the country rose by 3.1 per cent in October compared to 4.8 per cent in September, according […]