On Friday, four of Canada’s largest lenders, along with six major US institutions, announced their withdrawal from a global climate alliance. The departures from the Net-Zero Banking Alliance began with Goldman Sachs’ statement on December 6, and they occur ahead of Donald Trump’s return to the White House next week.Read More →
The International Monetary Fund (IMF) predicts that Pakistan’s economy will rise by 3% in the current fiscal year. On Friday, the IMF issued its World Economic Outlook report, which included mixed economic estimates for the current and forthcoming fiscal years. According to the research, Pakistan’s economic growth is predicted toRead More →
The CEO of social media company TikTok will attend Donald Trump’s inauguration on Monday, according to US media, as the president-elect appears to consider sparing the app from a potential ban on US operations. Shou Chew is expected to attend the January 20 event with many other high-profile social mediaRead More →
KARACHI — According to the State Bank of Pakistan, the UAE has extended the term of its $2 billion deposit with Pakistan by one year. The deposit, which was due to expire today, has been extended to assist Pakistan handle financial constraints and boost its economic position. The extension willRead More →
According to Reuters, Singapore As traders rein in U.S. rate cuts in 2025 following robust economic data, the dollar hovered close to its best level in over two years on Tuesday. Meanwhile, market concerns over Britain’s fiscal health kept the weak pound in the forefront. The attention has been onRead More →
ISLAMABAD – The government’s pledge to slash energy tariffs was met with a harsh jolt when the global lender IMF rejected Islamabad’s plan to reduce sales tax. The Ministry of Energy has proposed to the government a reduction in sales tax. And the administration submitted a request to the IMF,Read More →
ACCRA (Reuters) – Ghana’s consumer inflation increased for the fourth consecutive month in December, to 23.8% year on year from 23.0% in November, according to the statistics agency on Wednesday. At a press conference, government statistician Samuel Kobina Annim stated that the most recent increase was caused by rising foodRead More →
BENGALURU (Reuters) Microsoft CEO Satya Nadella said on Tuesday that the company will invest around $3 billion to enhance capacity for artificial intelligence and its Azure cloud computing services in India. The IT behemoth is the latest to announce an investment in India, which is regarded as a crucial growthRead More →
(Reuters) According to a government circular released on Friday, India extended the deadline for imported coal-based power plants to run at full capacity till February 28. In October, the government used an emergency provision to order corporations like Vedanta, Adani Power, and Tata Power to continue operating their imported coal-firedRead More →
As expiring non-deliverable contracts and currency futures increased demand for dollars, the Indian rupee (INR) plunged to its lowest level ever on Friday. Meanwhile, importers panicked and bought dollars. Before the central bank’s intervention helped to reduce sharp losses, traders said the Indian rupee fell to an all-time low ofRead More →
