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Tag: global economy

The US and G7 nations have agreed to support a proposal that would exempt US companies from some components of an existing global agreement.
Business
  • Web Desk
  • May 21, 2025
Canada says G7 finance ministers to focus on restoring stability, growth

Foreign ministers from the BRICS group of developing nations failed to agree on a joint communique, belying differences within the bloc.
Business
  • Web Desk
  • Apr 30, 2025
Growing BRICS group shows internal rifts as ministers fall short of joint statement

Wall street
World
  • Reuters
  • Apr 07, 2025
Wall Street set for heavy losses, S&P 500 nears bear territory

Market analyst Cincotta says, “What we’re seeing is more of a technical bounce after a very steep selloff, but it’s not necessarily the end of the selloff.”

Gulf markets
Business
  • Web
  • Mar 23, 2025
Investor caution sends most Gulf markets lower

Saudi Arabia’s benchmark index fell 0.6 per cent, with Al Rajhi Bank and the country’s biggest lender, Saudi National Bank each losing 1.6 per cent.

Business
  • Web Desk Karachi
  • Mar 14, 2025
Every nation will suffer in trade war as economic uncertainty rises: Lagarde

The ECB president also said that Brussels “had no choice” but to retaliate against the US, adding that given the lag between the announcement of measures and their start, there still is time for negotiations to take place.

G20 tax super rich
World
  • Web Desk
  • Jul 26, 2024
G20 countries agree on need to tax billionaires

G20 finance ministers are poised to take a significant step towards international cooperation on taxing the ultra-wealthy.

Pakistan’s forex reserves
World
  • Web Desk
  • Jul 25, 2024
Oxfam reveals world’s richest 1 per cent gained $42 trillion over the past decade

The world’s wealthiest one percent have amassed an additional $42 trillion over the past decade, according to a report by Oxfam.

global unemployment to decline
World
  • Web Desk
  • May 29, 2024
Global unemployment rate expected to drop below 5 per cent

International Labour Organisation (ILO) forecasts a slight decrease in the global unemployment rate to 4.9 per cent in 2024.

USD to PKR
Business
  • Web Desk
  • Mar 11, 2024
Interbank closing: PKR continues slight depreciation trend

The Pakistani rupee (PKR) experienced a marginal depreciation against the US dollar (USD) during Monday’s interbank session.

Pakistan's foreign exchange reserves
Business
  • Web Desk
  • Feb 10, 2024
SBP reports $173 million weekly dip in forex reserves

SBP reported a decline of $173 million in its foreign exchange reserves over the course of the week, reaching $8.04 billion as of February 2.

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