World Economy

Pakistan's Finance Minister Miftah Ismail on Friday said the government would continue to curb imports for the next three months, as he warned of "bad days" ahead for the cash-strapped country.

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said 50 basis points or 0.50 per cent hike in policy rates has become a new normal for the central banks across the world.

The Reserve Bank of India hikes its key lending rate by 50 basis points to 5.40 percent, the highest since 2019 and for the third time since the beginning of the current fiscalyear.

Upgrading labour laws, simplifying taxation and creating a stable tariff environment are imperatives to facilitate a larger trade between India and the world, a new report said.

Former RBI Governor Raghuram Rajan today said that that even though India has higher growth than many economies in the world, it is not enough.

As one of the fastest growing digital economies in the world, India is home to over 467 million social media users.

India is among the biggest economies in the world and is now joining the league of global financial centres like the United States, the United Kingdom and Singapore, Prime Minister Narendra Modi said on Friday.

The World Bank has no plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place in the island country, which is facing its worst crisis.

The dollar dropped to a six-week low against the yen on Thursday, tracking the decline in Treasury yields, after data showed the US economy contracted again in the second quarter.

Two invasive species, the American bullfrog and the brown tree snake, cost the world an estimated $16 billion between 1986 and 2020 by causing problems ranging from crop damage to power outages, according to a study published on Thursday.

China on Thursday defended its massive infrastructure ventures and investments in crisis-hit Sri Lanka and said that they have "boosted" its economic development.

The US economy contracted for a second straight quarter between April and June, government data showed Thursday, fueling recession fears just months before key midterm elections in a blow for President Joe Biden.

World shares skidded and bond markets rallied on Tuesday as some disappointing earnings, the prospect of another super-sized US interest rate hike this week, and Europe's looming gas crisis all kept investors on edge.

President Joe Biden said Monday he does not expect the United States suffer an economic downturn, although GDP figures due later this week may show the economy shrinking for a second consecutive quarter.

Oil fell on Monday, reversing earlier gains but continuing a recent losing streak, on concerns that an expected increase in interest rates in the US, the world's biggest oil user, may limit fuel demand growth.

Pakistan's Finance Minister Miftah Ismail on Friday said the government would continue to curb imports for the next three months, as he warned of "bad days" ahead for the cash-strapped country.

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said 50 basis points or 0.50 per cent hike in policy rates has become a new normal for the central banks across the world.

The Reserve Bank of India hikes its key lending rate by 50 basis points to 5.40 percent, the highest since 2019 and for the third time since the beginning of the current fiscalyear.

Upgrading labour laws, simplifying taxation and creating a stable tariff environment are imperatives to facilitate a larger trade between India and the world, a new report said.

Former RBI Governor Raghuram Rajan today said that that even though India has higher growth than many economies in the world, it is not enough.

As one of the fastest growing digital economies in the world, India is home to over 467 million social media users.

India is among the biggest economies in the world and is now joining the league of global financial centres like the United States, the United Kingdom and Singapore, Prime Minister Narendra Modi said on Friday.

The World Bank has no plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place in the island country, which is facing its worst crisis.

The dollar dropped to a six-week low against the yen on Thursday, tracking the decline in Treasury yields, after data showed the US economy contracted again in the second quarter.

Two invasive species, the American bullfrog and the brown tree snake, cost the world an estimated $16 billion between 1986 and 2020 by causing problems ranging from crop damage to power outages, according to a study published on Thursday.

China on Thursday defended its massive infrastructure ventures and investments in crisis-hit Sri Lanka and said that they have "boosted" its economic development.

The US economy contracted for a second straight quarter between April and June, government data showed Thursday, fueling recession fears just months before key midterm elections in a blow for President Joe Biden.

World shares skidded and bond markets rallied on Tuesday as some disappointing earnings, the prospect of another super-sized US interest rate hike this week, and Europe's looming gas crisis all kept investors on edge.

President Joe Biden said Monday he does not expect the United States suffer an economic downturn, although GDP figures due later this week may show the economy shrinking for a second consecutive quarter.

Oil fell on Monday, reversing earlier gains but continuing a recent losing streak, on concerns that an expected increase in interest rates in the US, the world's biggest oil user, may limit fuel demand growth.