Oil prices fall further as concerns grow over global economy LONDON: Oil fell sharply on Wednesday after slumping in the previous session, weighed down by demand concerns... Updated 04 Jan, 2023 08:26pm
Print World Bank seeks more funds WASHINGTON: The World Bank is seeking to vastly expand its lending capacity to address climate change and other... Updated 04 Jan, 2023 09:44am
Opinion Outlook 2023 After a very disappointing and disorderly year end, the global market is probably heading for another difficult... Published 03 Jan, 2023 03:25am
Business & Finance Mastercard institute releases Economic Outlook for 2023 KARACHI: The Mastercard Economics Institute released their annual forecast for the coming year which shows how a new... Published 30 Dec, 2022 05:50am
Business & Finance Dollar falls against yen, Swiss franc WASHINGTON/LONDON: The dollar slipped on Thursday after rising in the previous session, with investors on edge at ... Published 30 Dec, 2022 05:50am
Opinion Ending the assault of austerity and procyclical policy stance ‘The world is confronting multiple, compounding crises, from Covid-19, energy, inflation, debt, and climate shocks... Published 23 Dec, 2022 05:54am
Business & Finance Global 2023 earnings growth: Recession, rate hikes seen jamming brakes NEW YORK/LONDON: Corporate earnings growth is expected to slow in the year ahead in many countries as higher... Published 21 Dec, 2022 06:05am
World Recession, rate hikes seen jamming brakes on global 2023 earnings growth NEW YORK/LONDON: Corporate earnings growth is expected to slow in the year ahead in many countries as higher... Published 20 Dec, 2022 08:57pm
World ‘The worst is yet to come’: the curse of high inflation Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials like food,... Published 08 Dec, 2022 07:40pm
World China’s Xi arrives in Saudi on ‘epoch-making’ visit to deepen economic and strategic ties RIYADH: President Xi Jinping arrived in Saudi Arabia on Wednesday, Chinese state media said, on a visit Beijing... Published 07 Dec, 2022 07:37pm
Print Poor countries’ debt servicing costliest: World Bank NEW YORK: The poorest countries in the world now spend over a tenth of their export income to service external debt,... Updated 07 Dec, 2022 09:47am
World India well placed to face global headwinds: World Bank NEW DELHI: India is better placed than many other emerging economies to weather the impact of global headwinds, the... Published 06 Dec, 2022 05:07pm
World IMF chief sees higher chance of global growth below 2% in 2023 NEW YORK: International Monetary Fund Managing Director Kristalina Georgieva said on Thursday the chance of global... Updated 01 Dec, 2022 09:06pm
Business & Finance Europe to be hit hardest in global slowdown: OECD PARIS: The global economy should avoid a recession next year but the worst energy crisis since the 1970s will... Published 22 Nov, 2022 05:28pm
Markets Diesel demand could shrink next year, IEA says LONDON: The International Energy Agency (IEA) on Tuesday forecast a small decline in diesel and gasoil demand next... Published 15 Nov, 2022 06:06pm
Print G20 finance, health ministers launch pandemic fund The US contributes $450 million to the fund Updated 14 Nov, 2022 10:14am
Business & Finance IMF chief warns on US-China rivalry, calls Trump-era tariffs counterproductive We may be sleepwalking into a world that is poorer and less secure as a result, says IMF managing director Updated 13 Nov, 2022 05:14pm
Opinion Global economy and challenges for Pakistan The following two paragraphs from the World Economic Outlook, October 2022, neatly sum up the challenges facing the... Published 03 Nov, 2022 05:50am
Pakistan PM arrives in Riyadh RIYADH: Prime Minister Shehbaz Sharif on Monday arrived in Saudi Arabia on a two-day visit, mainly to attend the... Published 25 Oct, 2022 05:51am
Opinion Has Ishaq Dar lost his magic? Statesmanship demands maintaining a delicate balance between economy and politics. Unfortunately, the scales world... Published 24 Oct, 2022 05:45am
World IMF warns inflation fight, geopolitical events driving up financial stability risks WASHINGTON: The International Monetary Fund warned Tuesday that global financial stability risks have increased,... Published 11 Oct, 2022 07:29pm
Print World Bank, IMF see rising risks of global recession WASHINGTON: World Bank President David Malpass and International Monetary Fund Managing Director Kristalina ... Updated 11 Oct, 2022 10:00am
Business & Finance JPMorgan CEO Dimon warns of recession in 6 to 9 months JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the United States and the global economy could ... Updated 10 Oct, 2022 10:43pm
World World Bank's Malpass, IMF's Georgieva see rising risks of global recession WASHINGTON: World Bank President David Malpass and International Monetary Fund Managing Director Kristalina ... Updated 10 Oct, 2022 09:09pm
World World facing '5th wave' of debt crisis: World Bank chief WASHINGTON: The world is facing a "fifth wave of debt crisis," World Bank President David Malpass warned Friday,... Updated 07 Oct, 2022 09:24pm
Business & Finance Revamp of World Bank, lenders needed to tackle global problems: Yellen WASHINGTON: The World Bank and development lenders need to evolve to tackle the complex challenges that the world is... Published 07 Oct, 2022 05:59am
World IMF's Georgieva sees 'darkening' outlook for global economy, rising recession risks WASHINGTON: The International Monetary Fund (IMF) will next week downgrade its forecast for 2.9% global growth in... Updated 07 Oct, 2022 01:25am
Print OPEC+ agrees deep oil production cuts VIENNA/LONDON: OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market,... Published 06 Oct, 2022 05:59am
Business & Finance Turkish central bank stuns markets again with 100 basis-point rate cut, lira hits new low ISTANBUL: Turkey's central bank delivered another surprise 100 basis-point rate cut on Thursday, sending the lira... Published 22 Sep, 2022 07:03pm
Business & Finance South African central bank governor’s comments on rate decision JOHANNESBURG: Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago as he announced the... Published 22 Sep, 2022 06:39pm