The Asian Development Bank has lowered its outlook for economic growth in developing Asia to reflect renewed coronavirus outbreaks as variants spread, prompting governments to restore or keep in place their pandemic precautions. It expects 7.1% growth in 2021, falling to 5.4% in 2022. The earlier forecast was for 7.3% growth this year and 5.3%

DUBAI, United Arab Emirates (AP) � A Saudi company that owes billions of dollars will pay banks back $1.9 billion after an agreement was reached with creditors following more than decade of efforts. The website of the Abu Dhabi-based The National newspaper on Wednesday quoted business conglomerate Ahmad Hamad Algosaibi and Brothers as saying that

Scammers and predatory lenders continue to try to take advantage of small businesses searching for COVID-19 recovery funding � especially with the end of the Paycheck Protection Program. To protect themselves from potential bad actors, business owners should watch out for financing sold exclusively on speed, as well as any lender that asks for money

The Better Business Bureau warns of deceptive scammers and encourages graduates to carefully research trustworthy sources related to federal repayment plans before giving any personal information.