Canadian exports and imports hit document highs in March, as an alternate with the USA and China — Canada’s top trading companions — soared, the government statistical company stated Wednesday. The nation’s change surplus narrowed to Can$2.5 billion (US$2.0 billion), from a Can$3.1 billion surplus the preceding month. “We may not have seen the big … Read more
On Friday, Kenya hosted a national funeral for former President Mwai Kibaki, who died last week at the age of 90 after a decade in rule defined by economic resurgence, scandal, and bloodshed. Kibaki was the third head of state in Kenya’s history, serving from December 2002 to April 2013 following the 20-year authoritarian regime … Read more
Pavel Borlatschenko sobbed as he watched his wife Marina board one of the last buses transporting civilians from Lyman, which is set to fall to Russian soldiers soon. Swirls of black smoke rise above a depot near the railway station after a morning strike in the town in the eastern Donbas region, where the Russian … Read more
PARIS: National statistics agency said Friday, French economic growth slowed to zero in the first quarter of this year as families cut back on spending owing to increasing prices and the conflict in Ukraine. The outcome was less than predicted, with the central bank projecting 0.25 percent year-on-year growth, highlighting Europe’s economic challenges. According to … Read more
Shares in Asia-targeted bank Standard Chartered surged Thursday after it published upbeat first-quarter consequences on growing interest fees and as it upgraded the outlook. Underlying pre-tax earnings climbed by a higher-than-predicted 4 percent to $1.5 billion (1.4 billion euros), the London-based lender stated in an assertion. Net profit edged as much as approximately $1.1 billion … Read more
Lebanon’s authorities Tuesday tasked the armed forces with investigating how an overpacked migrant boat capsized, a tragedy a few survivors have blamed on the navy. At least six people were killed past due Saturday within the Mediterranean Sea off the northern port city of Tripoli in the united states’ deadliest such maritime incident in years. … Read more
Thulisile Ntobela used to live in an apartment, but when her rent increased by 25%, she could no longer afford it and had to move out. She acquired a plot of land in Durban and built a shack on it. That was five years ago and much cheaper than paying rent, which had gone up … Read more
Russia’s invasion of Ukraine has rocked markets and triggered nations to impose retaliatory measures that would hurt the global economic system, however, no economic crisis has materialized, the IMF said Tuesday. In its present-day Global Financial Stability Report, the Washington-primarily based crisis lender said Moscow’s assault on its neighbor is “no longer a globally systemic … Read more
A yr ago, the West African kingdom of Chad became greatly surprised whilst its 30-year leader, Idriss Deby Itno died from wounds after main an operation against rebels. But for many Chadians, the big fear these days seems much less than USA political destiny underneath Deby’s 38-12 months-vintage son, General Mahamat Idriss Deby Itno, than … Read more
Washington: Even though the globe faces economic challenges as a result of several waves of the COVID-19 epidemic, the International Monetary Fund (IMF) has lauded India’s strong economy while emphasising the structural changes implemented by the government in recent years. After meeting with Finance Minister Nirmala Sitharaman in Washington DC on Monday (local time), IMF … Read more
Tens of thousands of enraged drivers blocked a major highway into Colombo on Tuesday as a result of a severe fuel shortage, according to police and local officials. Protests demanding the resignation of Sri Lanka’s President Gotabaya Rajapaksa have been ongoing since the country’s worst economic crisis since the country’s independence in 1948. Sri Lankan … Read more
Debt accumulated by means of corporations and people worldwide could gradual economic recoveries from the pandemic disaster, the IMF warned Monday. Governments took great measures to assist their economies as Covid-19 unfold two years ago, consisting of rolling out debt repayment suspensions or offering large-scale loans. But those programs led to higher debt stages for … Read more
On Sunday, the Russian-Ukraine war entered its 54th day, with neither side exhibiting any signs of de-escalation. Russian forces are claimed to be reorganizing in eastern Ukraine in preparation for a decisive fight, while Ukraine has admitted for the first time that it has lost 3,000 soldiers in the seven-week conflict with Russia. According to … Read more
Sri Lanka’s embattled chief dropped two of his brothers and a nephew from his cupboard Monday, following public anger over the ruling circle of relatives’ mismanagement of a crippling economic disaster and calls for his resignation. President Gotabaya Rajapaksa has presided over the island state’s maximum painful downturn in memory and his authorities are getting … Read more
KARACHI: The Pakistani rupee dropped 99 paisas against the dollar on Monday as the forex reserves of the country hit a 22-months low amid foreign debt repayments, dealers said. The rupee shed 99 paisas to close at Rs182.54 to the dollar from Saturday’s closing of Rs181.55 in the interbank foreign exchange market. The local currency … Read more
Cash-strapped Sri Lanka inserts fuel rationing in worsening of the economic downfall that has glowed widespread demonstrations calling for resignation of President on Friday State-run Ceylon Petroleum Corporation (CPC), which accounts for more than a half of the retail fuel market, said it might limit the ratio drivers can buy, and banned pumping into cans … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Rice Exports Convener Rafique Suleman congratulated Mian Shahbaz Sharif on becoming Prime Minister of Pakistan, a statement said. In the current situation, the focus should be on improving the economic situation, improving the GDP growth rate, and further developing the agricultural … Read more
The Bank of Canada on Wednesday raised its key loaning rate from 0.5 percent to 1 percent, to battle against rising expansion that is currently figure to be almost six percent during the main portion of the year. The bank said Russia’s attack of Ukraine was causing “new monetary vulnerability,” saying that “cost spikes in … Read more
German President Frank-Walter Steinmeier said Tuesday that he had offered to visit Ukraine with other EU leaders, but Kyiv had told him his trip was “not wanted”. The snub comes as Steinmeier, a former foreign minister, is facing criticism at home and abroad for his years-long detente policy towards Moscow, which he has since admitted … Read more
Shahbaz Sharif was elected as the 23rd Prime Minister of Pakistan. Former skipper Shahid Afridi shared his thoughts about it. Taking to Twitter, Afridi, said: “Congratulations to Shahbaz Sharif on being elected the 23rd Prime Minister of Pakistan,” the all-rounder and star cricketer said in a tweet. “…I hope that he will be able to … Read more
Britain’s economic growth slowed in February due to losses in the manufacturing of automobiles, computers, and chemicals. The Office for National Statistics said Monday that gross domestic product climbed by only 0.1 percent from the previous month, well below the 0.8 percent rise reported in January. Last month, the output of productive industries, which includes … Read more
COLOMBO – Sri Lanka is turning off its street lights to save electricity, a minister said on Thursday, as its worst economic crisis in decades brought more power cuts and gloom to its main stock market, triggering a halt in trade as prices slid. The nation of 22 million people is struggling with rolling power … Read more
NEW DELHI: Russia’s foreign minister will visit India for a two-day visit beginning Thursday, officials said, likely to press New Delhi to resist Western pressure to condemn the Ukraine invasion. India has abstained from UN resolutions censuring Russia and continues to buy Russian oil and other goods. US President Joe Biden last week described India as “somewhat shaky” … Read more
Ukraine President Volodymyr Zelensky told the Doha Forum on Saturday that Russia’s “bragging” about its nuclear weapons is fueling a hazardous arms race. To oppose Russian efforts to use energy as a weapon, Zelensky also urged Qatar, which hosts the annual meeting of international political and economic leaders, to enhance natural gas output. “They are … Read more
ISLAMABAD: The much-hyped efforts of the opposition parties to topple the government received a severe blow after Prime Minister Imran Khan announced a reduction in the prices of petroleum products and electricity tariff to curb the inflation. Experts believed that Prime Minister Imran Khan’s timely decision to reduce the prices of the utilities would take … Read more
KARACHI: The global economic outlook turned gloomy soon after Russian forces marched into Ukraine. The financial sanctions have rocked Russia’s economy and threaten to fuel further worldwide inflation. The prices of natural gas, oil, and other staples have jumped in the international markets. At the same time, it has rattled global supply chains that are … Read more
PARIS: The European Central Bank is ready to support price and financial stability in the eurozone if needed during the Russia-Ukraine crisis, its chief Christine Lagarde said Friday. “The ECB stands ready to take whatever action is necessary within its responsibilities to ensure price stability and financial stability in the euro area,” Lagarde told reporters … Read more
AMARAH, Iraq – A judge shot dead with 15 bullets from a Kalashnikov. A policeman gunned down. Local figures from rival political groups and influential armed factions killed. The murders all happened in January and February in one Iraqi province, Maysan, which borders Iran and where drug trafficking, tribal disputes and political score-settling have combined … Read more
