Featured Articles
Former Pakistan finance minister proposes rescheduling external debt
The former federal finance minister of Pakistan, Shaukat Tarin, and the spokesperson for Economic Affairs, Muzzammil Aslam, have criticized the government for failing to ensure that the general public is benefiting from the declining value of oil prices globally. Former...
Uzbekistan envoy meets Pakistan finance minister to discuss bilateral trades
The ambassador of the Republic of Uzbekistan to Pakistan, Oybek Usmanov, recently held a meeting with the Pakistan finance minister, Ishaq Dar. The meeting was held at the Finance Division last week, and it focused on several issues, among them...
Russia turns down oil price cap, to issue a formal response
Russia has said it is unwilling to accept a price cap on its oil, with the Kremlin saying it will issue a formal response. This comes as Western countries look to limit Russia's source of funds in the ongoing war...
IMF’s Managing Director says inflation and China’s economic slowdown pose a risk to Asia
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has said that the rising inflation and the economic slowdown in China posed a risk to the economic outlook of the entire Asia region. She has also urged policymakers to...
Canada reports a C$1.72 billion surplus in six months
Canada has reported a budget surplus of C$1.72 billion (equivalent to $1.29 billion) during the first six months of the 2022/23 financial year. The increased tax revenues generated this surplus, according to the finance ministry. Canada reports a C$1.72 billion...
UK regulators investigate Broadcom’s $61 billion deal with VMware
The competition regulator in the United Kingdom is investigating whether Broadcom, a US chipmaker, has reduced its competition after acquiring VMware Inc. Broadcom Inc acquired VMware in a $61 billion deal. UK regulators investigate VMware's acquisition by Broadcom The deal...
Canada’s TSX drops to 9-day low amid a drop in commodity prices
The main index in Canada's financial market dropped on Thursday to the lowest closing levels in nine days. The drop comes amid a drop in oil and metal prices amid increased fears about the rising interest rates globally. TSX drops...
World stocks are heading for a 1% loss on the week, according to Friday data
Several developments that have had a significant impact on the state of the global economy recently took place. The first thing to note is that the world stocks were moving towards a 1% loss on the week, according to data...
Japan’s core consumer inflation hit a 40-year high in October
The global financial situation continues to suffer following the two years of COVID-19 pandemic, and even now, the damage that was done to the economy is still only being discovered, while the actual recovery is still far in the future....
UK inflation in October hits a 41-year high
The increased household and energy prices have brought UK inflation to a 41-year high. The inflation data was released one day before the finance minister, Jeremy Hunt, announced plans for tax increases and spending cuts to tame the price increase....
Dropping US producer price growth improves the US inflation outlook
In October, US producer prices came in lower than expected amid a drop in services for the first time in almost two years. The numbers showed that inflation was slowing down, raising speculations that the Federal Reserve would ease interest...
Post-Truss UK to unveil a new tax-related plan for fixing the country’s economy
This Sunday, the UK government announced major impending tax hikes that will hit the entire country, and especially the wealthy, as part of the plan to repair the current economy. The country was left in a bad state following the...
US inflation drops to 7.7% as investors rush to buy stocks
The easing inflation in the United States is leading to wealthy investors jumping back into the market again. However, these investors are still concerned about how long stocks will keep up the uptrend without other factors showing that the consumer...
Hundreds Of Activists Block Private Jets At Schiphol Airport In Protest
Environmental activists trouped in their hundreds on Saturday to the Schiphol Airport in Amsterdam to protest against climate change. They wore white overalls and were visibly seen in an area holding private jets at the airport. They also sat in...
Diverging Global Monetary Policies Plod On
The euro is trading at its lowest level against the Norwegian krone since August 2015. The euro is near its best levels against the Swedish krona in nearly as long. The euro is trading at its lowest level against the Norwegian krone...