The US dollar is making a comeback as the favored currency in communist-run Cuba as the country prepares to devalue the peso to relieve pressure on a battered economy. Cuba has a unique system whereby two official currencies have existed side-by-side for nearly three decades, the Cuban peso...

 The week that Israel and the United Arab Emirates normalised ties, Israeli diamond trader Zvi Shimshi headed to the United Arab Emirates to open a company in Dubai, a regional trade hub that is a major centre for the precious stones. He is among 38 Israelis whom the Dubai Multi...

New York-based Delta Children, which makes cribs in China for retailers such as Walmart, briefly studied moving production to the United States as supply shortages caused by the COVID-19 pandemic added to its hefty bill from US import tariffs. Commerce Secretary Wilbur Ross predicted in...

North Korean leader Kim Jong Un has ordered a nationwide drive to boost the ailing economy ahead of a key party congress in January, state media reported Tuesday. The decision was made during a meeting of the ruling Workers' Party and comes as the coronavirus pandemic and recent floods have...