Business and Economy

Amid economic turmoil, Pakistan hikes up fuel prices
Decision comes amid stalled negotiations with global lender IMF which is yet to release a crucial instalment of $1.1bn.
Published On 29 Jan 2023
Italy’s Eni signs $8bn gas deal with Libya amid energy crunch
The agreement, signed during Italian PM Meloni’s visit to Tripoli, seeks to exploit Libya’s new gas fields.
Published On 28 Jan 2023
From: Counting the Cost
US fiscal standoff: Could the nation default on its debt?
Treasury Secretary Janet Yellen warns of a US default by early June if Congress fails to raise debt ceiling.
Published On 28 Jan 2023
US inflation and consumer spending cooled in December
The pullback in consumer spending will likely be welcomed by Fed officials, who are seeking to cool the economy.
Published On 27 Jan 2023

President Macron faces off against unions, as more than a million protesters take to the streets.

The move is part of the central bank’s moves to reduce cash flow within the borders of Africa’s biggest economy.

Agreement on tighter export controls on China would be seen as a big diplomatic win for US President Joe Biden.

Tokyo’s latest sanctions come after Russia launched missile attacks across Ukraine that killed at least 11 people.

Most economists expect a recession by the second half of the year, though a short, mild one compared to previous ones.

A default by the US government could have catastrophic effects on both domestic and global economies.

Washington says Moscow is relying on Wagner Group in Ukraine war amid biting Western sanctions and battlefield setbacks.

Pakistan is seeking $1.1bn from the fund, part of its $6bn bailout package, to avoid default.

US officials say Hive ransomware network extorted more than $100m from victims in more than 80 countries.

A new policy under the Biden administration to restrict border crossings creates hurdles for Cuban asylum seekers.

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