Global Economy: Factory data dampen global ‘soft landing’ hopes LONDON/TOKYO: Global factory growth stalled in June as higher prices and a darker economic outlook left consumers... Published 01 Jul, 2022 07:18pm
World World Bank’s Reinhart ‘skeptical’ global recession can be avoided MADRID: World Bank chief economist Carmen Reinhart said she is skeptical that the U.S. and global economies can... Published 29 Jun, 2022 06:51pm
Markets Banking body urges decisive wave of global rate hikes to stem inflation LONDON: The world's central bank umbrella body, the Bank for International Settlements, has called for interest ... Updated 26 Jun, 2022 08:12pm
Markets Inflation a thorn in the side of Bulgaria rose oil makers PAVEL BANYA: Business is not a bed of roses for Bulgaria’s rose oil makers these days. Made from Damask roses grown... Published 26 Jun, 2022 10:19am
World US’s Russia sanctions architect Singh departs as Ukraine war drags on WASHINGTON: US President Joe Biden will have a new “sherpa” on his trip to Germany next week – a former BlackRock... Published 25 Jun, 2022 05:24pm
World Putin defends Russia’s stance on global food crisis MOSCOW: Russian President Vladimir Putin said Friday Moscow’s military action in Ukraine was not responsible for the... Published 24 Jun, 2022 08:18pm
Markets China approves ICBC-Goldman JV to start offering wealth services Industrial and Commercial Bank of China (ICBC) said on Friday its wealth management joint venture with Goldman Sachs... Published 24 Jun, 2022 06:13pm
World World faces unprecedented global hunger crisis, UN chief says UNITED NATIONS: There is a “real risk” of multiple famines this year, UN chief Antonio Guterres said on Friday and... Published 24 Jun, 2022 06:07pm
Business & Finance Citigroup sees chances of global recession nearing 50% Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates... Updated 23 Jun, 2022 04:10pm
Business & Finance Unilever CEO sees crisis as new normal for industry DUBLIN: Unilever chief executive Alan Jope said on Tuesday that consumer goods companies should get used to the idea... Published 21 Jun, 2022 08:09pm
Print Russia putting world in danger of famine, warns EU BRUSSELS: Russia is putting the world at risk of famine through its blockade of Ukraine’s shipments of grains and... Published 19 Jun, 2022 06:06am
World Russia's operation in Ukraine not cause of global inflation: Putin SAINT PETERSBURG: Russian President Vladimir Putin said Friday that Moscow's military intervention in Ukraine was ... Updated 17 Jun, 2022 09:23pm
Markets Standard Chartered CEO sees shallow and short recession by early 2023 MUMBAI: Standard Chartered Chief Executive Bill Winters expects central banks' fight against surging inflation,... Updated 08 Jun, 2022 07:54pm
Markets Dollar stronger as inflation worries dampen risk sentiment NEW YORK: The U.S. dollar rose across the board on Tuesday as Treasury yields climbed and worries over a further... Published 31 May, 2022 09:05pm
Editorials State of the economy: the general air of malaise EDITORIAL: The currency faces a free fall. Not only is stock market’s mood depressed, secondary market rates are... Published 13 May, 2022 05:59am
Markets Wall Street, oil slide, dollar jumps as investors eye rate hikes WASHINGTON: U.S. stocks and oil tumbled on Friday while bond yields continued to gain as investors prepared for a... Published 23 Apr, 2022 01:14am
Print Hammad, UAE envoy discuss global inflation, geo-political situation ISLAMABAD: Ambassador of the United Arab Emirates (UAE) to Pakistan Hamad Obaid Ibrahim Monday called on Federal... Updated 09 Mar, 2022 09:40am
Print Ahead of address to nation: PM summons economic managers today ISLAMABAD: Prime Minister Imran Khan has summoned an important session of the economic team before his address to ... Updated 27 Feb, 2022 09:12am
Opinion Inflation, monetary policy, borrowing costs, and debt sustainability ‘The start of this year is an eerie echo of 2021. A new variant of coronavirus has sent infections... Published 21 Jan, 2022 05:27am
Editorials Sukuk satisfaction EDITORIAL: The government of Pakistan is issuing its fourth sukuk in the international debt market. The timing of... Published 21 Jan, 2022 05:27am
Opinion 2022: What’s in store?—I While the world economies are maintaining a robust growth momentum, there are strong indicators pointing towards an... Published 04 Jan, 2022 06:54am
Business & Finance IMF projects global inflation nearing peak, stabilising next year WASHINGTON: The current inflation spike hitting countries across the world will peak in the months to come and... Updated 06 Oct, 2021 07:32pm