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 →
Karachi : (Web Desk )According to a project director at the firm, Karachi-based Dewan Farooque Motors Limited, a Pakistani car importer and manufacturer, would build Chinese electric trucks domestically. The vehicle’s introduction is planned for the first quarter of next year. With the intention of having 30% of all passengerRead More →
Istanbul (AFP): In an effort to combat double-digit inflation, Turkey’s central bank reduced its main interest rate on Thursday for the first time in over two years. Citing improvements in “inflation expectations and pricing behavior,” the bank’s monetary policy committee voted to lower the target rate from 50% to 47.5%.Read More →
LAHORE Inflation has gotten out of control, with prices for a variety of crops, including onions and tomatoes, rising dramatically. According to the market committee’s statistics report, the price of onions has increased by 10 rupees per kilogram, bringing the official rate to 120 rupees per kilogram. Onions can costRead More →
NEW YORK: Wednesday saw a general increase in Asian stocks as a result of the Bank of Japan’s decision to hike its benchmark interest rate. Later in the day, the Federal Reserve and Bank of England were expected to make policy decisions. The move by the central bank to raiseRead More →
ISLAMABAD – The federal government announced on Wednesday a considerable fall in petroleum prices for the first two weeks of August 2024. According to a statement released by the Ministry of Finance, prices were decreased after Prime Minister Shehbaz Sharif approved them. The revised prices will go into effect onRead More →
ISLAMABAD – Prime Minister Shehbaz Sharif has asked power distribution firms to extend the payment deadline for electricity bills by ten days. According to a statement from the Power Division, the due date for paying power bills in July and August 2024 will be extended by ten days. According toRead More →
