Thai cabinet approves plans to borrow $12bn to ease Iran war fallout

Thai Prime Minister Anutin Charnvirakul, center, has said the emergency borrowing is needed to stave off stagflation. (Photo by Ken Kobayashi) BANGKOK — The Thai government's cabinet approved Tuesday an emergency decree to borrow up to 400 billion baht ($12.2 billion) to alleviate cost-of-living pressures stemming from war in the Middle East.

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