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    UK economy in the doldrums as factories report output slump

    UK economy in the doldrums as factories report output slump

    23 Aug 2022

    Britain’s private sector slowed to a crawl in August as factory output fell and the larger services sector eked out only a modest expansion, adding to signs that recession may...

    Global stocks, bitcoin, oil prices tumble over recession worries

    Global stocks, bitcoin, oil prices tumble over recession worries

    19 Aug 2022

    Global stock markets mainly dropped on Friday, with investors focused firmly on the outlook for interest rate hikes as central banks battle to bring down sky-high inflation. The dollar rose...

    Indian rupee dips for second week as US dollar gains

    Indian rupee dips for second week as US dollar gains

    19 Aug 2022

    The Indian rupee ended the holiday-shortened week lower on Friday as worries of an economic slowdown in developed economies bolstered an already firm dollar. The partially convertible rupee fell to...

    China cuts key interest rates as economic data disappoints

    China cuts key interest rates as economic data disappoints

    15 Aug 2022

    China’s central bank cut key lending rates in a surprise move on Monday to revive demand as data showed the economy unexpectedly slowing in July, with factory and retail activity...

    Global youth unemployment set to slip to 73 million in 2022: UN

    Global youth unemployment set to slip to 73 million in 2022: UN

    11 Aug 2022

    The total global number of unemployed youths should fall to 73 million in 2022, down by two million from the year before, the United Nations said on Thursday. However, the...

    Berkshire Hathaway reports a massive loss of $43.8 billion in Q2

    Berkshire Hathaway reports a massive loss of $43.8 billion in Q2

    07 Aug 2022

    The slide in US stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter as the company run by billionaire Warren Buffett posted a $43.8 billion loss. Berkshire...

    India’s forex reserves up by $2.4 billion

    India’s forex reserves up by $2.4 billion

    06 Aug 2022

    India’s forex reserves rose $2.4 billion during the week ending July 29 after falling for the four consecutive weeks. The rise was seen on back of positive inflows by the...

    No other option except IMF to avoid default, says Pak minister

    No other option except IMF to avoid default, says Pak minister

    05 Aug 2022

    Federal Finance Minister Miftah Ismail on Friday admitted that Pakistan was close to default when they took power, adding that they had few options other than to go to...

    Reserve Bank of India hikes repo rate by 50 basis points to 5.40%

    Reserve Bank of India hikes repo rate by 50 basis points to 5.40%

    05 Aug 2022

    The monetary policy committee (MPC) of the Reserve Bank of India (RBI) has unanimously voted to increase the policy repo rate by 50 basis points to 5.40 per cent. Consequently,...

    India’s software exports to hit high

    India’s software exports to hit high

    05 Aug 2022

    Inayat-ur-Rahman, Business Editor As India completes 75 years of Independence, the nation may look back with pride on the spectacular progress made by the country in all sectors of...

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