An employee work on the production line of a tyre factory in Xingtai, Hebei province, China. Reuters
Japan’s exports likely fell for an eighth straight month in July, a Reuters poll showed on Friday, as a protracted US-China trade war and weak global demand hurt shipments from the world’s third-largest economy.
Japan’s government slashed its economic growth forecast for this year largely due to weaker exports, in a sign the protracted US-China trade war is taking a bigger toll on the world’s third-largest economy.
Japan’s economy contracted slightly in the first quarter as corporate and consumer spending weakened, a Reuters poll showed on Friday. Exports also deteriorated amid trade disputes and weaker global demand, hurting the trade-reliant economy. Gross domestic product (GDP) is expected to have fallen 0.2% in January-March on an annualised basis,
Addressing his first press conference in Islamabad after assuming the charge as finance minister, Tarin said: “Pakistan is in talks with the International Monetary Fund to try to ease “tough conditions” on a $6 billion loan.”
The successful face-to-face gathering of more than 370 delegates ahead of Expo 2020’s opening in October shows the next World Expo is set to become one of Dubai’s greatest success stories - a global experience that will demonstrate the emirate’s confidence,
The Central Bank of the UAE (CBUAE) has announced that it has been working with SWIFT on an initiative to further enhance the speed and transparency of cross-border payments. The CBUAE will be the first central bank globally to implement such an initiative.
The UAE-Caribbean Renewable Energy Fund (UAE-CREF), the largest renewable energy investment of its type in the region, which is fully financed by Abu Dhabi Fund for Development (ADFD), has announced the signing of an engineering, procurement and construction