Pakistan’s economic woes put PM Khan’s future in doubt

Housewife Maira Tayyab has considered begging for money to feed her family in inflation-hit Pakistan, while shop owner Mohammad Hanif finds his thoughts turning to crime.
19 January 2022, 18:00 PM

Oil hits seven-year high

Oil prices hit their highest levels in more than seven years Tuesday, driven in part by hopes of a global economic recovery that would ramp up demand.
19 January 2022, 18:00 PM

BoJ lifts inflation forecast

Bank of Japan (BoJ) revised its inflation forecast on Tuesday and adjusted its view of price risks, while leaving its monetary easing policy in place in a nod to lingering pandemic uncertainty.
18 January 2022, 18:00 PM

Pandemic still taking heavy toll on jobs: UN

The Covid-19 crisis is continuing to hit jobs hard around the world, the United Nations said Monday, warning it could take years for employment levels to reach pre-pandemic levels.
18 January 2022, 18:00 PM

Ozone pollution costs Asia billions in lost crops

Persistently high levels of ozone pollution in Asia are costing China, Japan and South Korea an estimated $63 billion annually in lost rice, wheat and maize crops, a new study says.
18 January 2022, 18:00 PM

China’s digital yuan wallets swell but usage lags

China’s digital currency has debuted on app stores with fanfare, with online wallets for the electronic yuan seeing mass adoption in the two weeks since a public launch, yet its actual use in transactions has been far less impressive.
17 January 2022, 18:00 PM

US-Bangladesh economic ties strong despite pandemic

The economic ties between Bangladesh and the US are stronger than ever now even despite the severe fallout of Covid-19, according to a top official of the US embassy in Dhaka.
17 January 2022, 18:00 PM

Turkey’s inflation seen dropping to 27pc by 2022

Already rampant inflation in Turkey will rise further in the coming months before declining to around 27 per cent by the end of the year, a Reuters poll showed on Monday, as forecasts soared after a currency crisis in 2021 sent prices rocketing.
17 January 2022, 18:00 PM

Singapore moves to discourage crypto trading

The Monetary Authority of Singapore on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from risks.
17 January 2022, 18:00 PM

Indonesia to improve coal delivery checks

Indonesia’s state utility Perusahaan Listrik Negara (PLN) said on Friday that together with the energy ministry it was strengthening a coal delivery monitoring system to ensure enforcement of domestic sales rules and energy security.
17 January 2022, 18:00 PM

Omicron surge roils US small businesses

Phillip Howard pointed toward a stack of black ski pants piled atop a counter in his winter sports shop as evidence of the hurdles small business owners still face as the pandemic drags on.
17 January 2022, 18:00 PM

Russia fines Google for not deleting banned content

A Moscow court on Tuesday fined Alphabet Inc’s Google a total of 14 million roubles ($190,398) for violating Russian rules on banned content, the penalty coming amid a wider stand-off between Russia and Big Tech companies.
17 January 2022, 18:00 PM

10 richest men doubled wealth as global inequality soared during pandemic: Oxfam

The world's 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday.
17 January 2022, 05:40 AM

US oil and gas M&A activity slows in Q4

Dealmaking in the US oil and gas industry halved in value in the fourth quarter from the third, with the annual total falling short of the pre-pandemic average, according to data published by analytics firm Enverus on Thursday.
16 January 2022, 18:00 PM

China’s Q4 GDP growth seen hitting 18-month low

China’s economy likely grew at the slowest pace in 1-1/2 years in the fourth quarter, dragged by weaker demand due to a property downturn, curbs on debt and strict Covid-19 measures, raising heat on policymakers to roll out more easing steps.
16 January 2022, 18:00 PM

Higher costs hit JPMorgan Chase

Higher labor costs bit into JPMorgan Chase’s fourth-quarter results, but the US bank still reported on Friday record annual profits of $48.3 billion.
16 January 2022, 18:00 PM

IMF urges ‘deep reforms’ to Tunisian economy

Tunisia’s crisis-stricken economy needs  “deep reforms” such as slashing its vast public wage bill, the International Monetary Fund’s outgoing country chief has said as the government seeks a new bailout.
16 January 2022, 18:00 PM

Banks are paying up for talent as hiring is competitive

Banks are facing cutthroat competition to hire and are being forced to pay more to recruit and keep talent, with both Citigroup Inc and JPMorgan Chase & Co saying they are having to pay competitively for top people.
16 January 2022, 18:00 PM

China, US trade relations normal

Economic and trade relations between China and the United States are mutually beneficial and China hopes the US can create favorable conditions for the two nations to expand their trade cooperation, the Ministry of Commerce said on Thursday.
16 January 2022, 18:00 PM

Oil price spike leaves limited options for Biden

Two months after US President Joe Biden announced an unprecedented effort among major oil consuming economies to work together to bring down rising fuel prices, prices are again approaching multi-year highs. And Biden has few options to stop the rally.
16 January 2022, 18:00 PM