Global warming to raise food prices, inflation: study PARIS: Global warming and heatwaves are expected to further increase food prices and overall inflation across the... Published 23 Mar, 2024 05:41am
World US, British forces carry out new strikes in Yemen WASHINGTON: US and British forces carried out a fresh round of strikes on Monday in Yemen, targeting a Houthi... Published 23 Jan, 2024 10:54am
World IMF says global debt fell as share of GDP in 2022, may resume rising trend WASHINGTON: The International Monetary Fund on Wednesday said that the global debt as a share of economic output... Published 13 Sep, 2023 06:09pm
Business & Finance Investors optimistic on global growth but China real estate top worry: BofA survey LONDON: China’s real estate sector is the most likely source of a global systemic credit event, according to Bank of... Published 12 Sep, 2023 05:06pm
Business & Finance Global rice prices hit 15-year high after India’s curbs PARIS: Global rice prices reached a 15-year high in August after top exporter India banned some overseas sales of... Updated 09 Sep, 2023 09:24am
Business & Finance Global economic transformation risks fuelling inflation: Lagarde JACKSON HOLE (Wyoming): Profound changes in how the global economy operates, from increased protectionism to energy... Published 28 Aug, 2023 06:27am
Markets BoE set for fresh rate hike as UK inflation stays high LONDON: The Bank of England is set to raise its key interest rate for a 14th time in a row Thursday as UK inflation... Published 03 Aug, 2023 11:39am
World China trade with Russia hits highest level since Ukraine war BEIJING: China’s total trade with Russia in May soared to levels not seen since the beginning of Moscow’s war in... Published 08 Jun, 2023 06:30am
Pakistan Pakistan’s headline inflation hits new record at 38% in May 2023 Food inflation leads surge in general price levels Updated 01 Jun, 2023 06:01pm
Business & Finance Inflation fight risks central banks’ credibility and autonomy, BIS warns LONDON: The credibility and independence of central banks around the world is at risk if stubbornly-high global... Published 22 May, 2023 06:23am
Opinion Public debt distress The unprecedented fiscal firepower used to protect the vulnerable from the harsh socio-economic impact of the... Updated 05 Apr, 2023 06:43am
Life & Style Amid an uncertain economic environment, Pakistan's fashion industry pivots to maintain sales A weakening rupee, rising inflation and a tight leash on imports brought on by depleting foreign exchange reserves... Published 22 Mar, 2023 04:52am
Business & Finance Taiwan revises down 2023 GDP growth forecast on export slump TAIPEI: Taiwan’s trade-dependent economy is likely to grow more slowly this year than previously forecast, hit by ... Published 27 Feb, 2023 06:17am
Opinion Lethargic economic management About 84% of countries are expected to have lower headline (consumer price index) inflation in 2023 than in 2022.... Published 03 Feb, 2023 06:17am
Opinion Both IMF, govt need serious policy path correction The International Monetary Fund (IMF) in its recently-released flagship report ‘World Economic Outlook [WEO] update:... Updated 03 Feb, 2023 10:27am
Business & Finance Cost-of-living crisis ‘biggest global risk’ LONDON: The cost-of-living crisis will be the biggest global risk over the next two years, a survey by the World... Published 12 Jan, 2023 05:51am
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 Xi urges G20 wealthy nations to reduce fallout of rate hikes NUSA DUA, (Indonesia): Chinese President Xi Jinping on Tuesday asked the G20 wealthy nations to contain the fallout... Published 16 Nov, 2022 05:50am
Business & Finance White House says more infrastructure spending coming, rejects inflation link WASHINGTON: The White House on Tuesday said it had pushed out $185 billion in funding under a $1 trillion bipartisan... Published 15 Nov, 2022 03:11pm
World G20 summit opens in Bali with a plea for unity as Ukraine war tops agenda NUSA DUA: Ukrainian President Volodymyr Zelenskiy told leaders of the world’s wealthiest nations on Tuesday that now... Published 15 Nov, 2022 11:17am
World Pay strike set to paralyse Paris metro PARIS: Paris commuters were bracing for bedlam Thursday as metro workers called a major one-day pay strike, the... Published 10 Nov, 2022 12:09pm
Markets IMF agrees $4.5 billion Bangladesh support programme LONDON: The International Monetary Fund (IMF) provisionally agreed a $4.5 billion support programme for Bangladesh... Published 09 Nov, 2022 03:11pm
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
Print Inflation rate at 19.9pc: IMF projects 3.5pc growth for 2023 Current account balance is projected at negative 2.5 per cent for 2023 compared to negative 4.6per cent for 2022 Updated 12 Oct, 2022 09:40am
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 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 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
World Central banks raise rates again as Fed drives global inflation fight FRANKFURT: A host of central banks from across the world raised interest rates again on Thursday, following the U.S.... Published 22 Sep, 2022 06:14pm
Business & Finance Slump in US, EU can hit Pakistan exports ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday said Pakistani exports are set to get a hit as western... Published 18 Jul, 2022 07:43am
