Sunday, 25 August 2019

Tag Archives: economic

Hunger on the rise worldwide as 821 million affected: UN

UN: More than 821 million people suffered from hunger, food insecurity and malnutrition worldwide last year, the United Nations reported – the third year in a row that the number has risen. After decades of decline, food insecurity began to increase in 2015 and reversing the trend is one of ...

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Fitch downgrades Turkey’s sovereign debt by one notch

WASHINGTON: Ratings agency Fitch downgraded Turkey’s sovereign debt by one notch to ‘BB-‘ with a negative outlook, after President Recep Tayyip Erdogan sacked the governor of the central bank. The firing of Murat Cetinkaya last weekend for failing to follow government instructions “risks damaging already weak domestic confidence,” Fitch said ...

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EU launches Asia strategy to rival China’s ‘new Silk Road’

BRUSSELS: As doubts grow over China’s vast “Belt and Road” trade infrastructure project, the EU is launching an alternative plan for Asia that it says will not saddle countries with debt they cannot repay. EU member countries are expected to sign off on the new “Asia connectivity strategy” – which ...

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Trump eyes Afghanistan’s elusive mineral riches

KABUL: U.S. President Donald Trump is eyeing Afghanistan’s mineral wealth to help pay for a 16-year war and reconstruction efforts that have already cost $117 billion. Investors who have studied the country, one of the world’s most dangerous, say that is a pipe dream. Ever since a United States Geological ...

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Pakistan ahead of India in Economic Freedom Index: US think tank

WASHINGTON:  India ranked a dismal 143 in an annual index of economic freedom by a top American think tank, behind its several South Asian neighbours including Pakistan, as progress on market-oriented reforms has been “uneven”. The Heritage Foundation in its Index of Economic Freedom report said despite India sustaining an ...

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PM meets Bill Gates, Queen of Netherlands in Davos

Pakistan ready to do business with the world, PM DAVOS: Prime Minister Muhammad Nawaz Sharif has said that Pakistan is now on the track of sustainable growth and is “ready to do business with the world”. “Offering attractive investment policies, Pakistan is a destination that no global player can miss,” ...

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Pakistan ahead of India in Inclusive Development Index: World Economic Forum

LONDON: Pakistan has been ranked 52nd, ahead of India (60th), among 79 developing economies in the Inclusive Development Index, according to a World Economic Forum (WEF) report. WEF’s ‘Inclusive Growth and Development Report 2017’, released in Davos, Switzerland on Monday, said that most countries were missing important opportunities to raise ...

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Obama Warns Of Threats To Democracy In Farewell Address

WASHINGTON: “Tonight it’s my turn to say thanks,” President Obama said at the opening of his speech. He said he was addressing all Americans and thanking them for making him a “better president and a better man.” He teared up later in his farewell address while thanking his wife for being ...

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Banks could start revealing their Brexit plans as early as next month

LONDON: Banks may update investors on whether they intend to move operations out of London as soon as next month. UK-based lenders are finalising Brexit contingency plans to decide how much of their business they need to shift oversees to maintain relationships with international clients. Banks could start making announcements as ...

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PSX remain at top among Asian markets in 2016

KARACHI: The Pakistan equities ended the year on a bullish note with generating above average gains in the outgoing year 2016. The benchmark KSE 100 Index gained 46 percent (45 percent in dollar terms) in 2016 compared to last 10-year average return of 20 percent (15 percent in dollar terms) ...

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