Criticized for austerity and controversial decisions. Legalized same-sex marriage, Libyan intervention, Scottish independence campaign, and Brexit referendum. Lobbying for Greensill Capital raises concerns about former leaders’ conduct. David Cameron, 57, was the British Prime Minister from 2010 to 2016, leaving in the aftermath of the Brexit referendum. He was educated at Eton College and Oxford … Read more
CM Balochistan highlighted the financial crisis in province He said that despite PM’s orders, no steps were taken CM also said that province is suffering alot QUETTA: Balochistan Chief Minister (CM) Mir Abdul Qudous Bizenjo said Saturday that despite instruction by the prime minister, the federal government is acting deaf and mute over the financial … Read more
Russia has failed to pay $1.9 million in accrued interest on a government bond. Western sanctions have largely severed Russia from the international financial system. The country’s foreign currency debt was last defaulted on in 1918 when Bolshevik leader Vladimir. A panel of investors announced Wednesday that Russia has failed to pay $1.9 million in … Read more
Boos and heckles greeted Sri Lankan Prime Minister Mahinda Rajapaksa Sunday on his first public trip on account that nationwide protests erupted traumatic his ruling own family resign over the worsening financial crisis. Months of blackouts and acute shortages of food, fuel, and medicines have caused big struggles throughout the South Asian island in its … Read more
COLOMBO: Sri Lanka will pay small sums to the families of people who were killed or went missing in the carnage of the island nation’s decade-long civil war, authorities announced Tuesday. Successive Sri Lankan governments have faced international censure over the conflict, which ended in 2009 after the collapse of the minority Tamil separatist movement’s armed wing. … Read more
Islamabad: In a country like Pakistan, which is surrounded by internal and external conflicts, managing the economy is an uphill task. Strained relations with India and continuous turbulent situation in Afghanistan never allowed Pakistan to realise its true potential. In the last 74 years, the country’s economy is moving like a see-saw between military and … Read more
JAKARTA: Indonesia’s economy returned to growth last year as surging commodity prices helped drive a recovery from a coronavirus-triggered recession, data showed, though officials warned the outlook depended on how well the fast-spreading Omicron variant is managed. Southeast Asia’s biggest economy expanded 3.69 per cent on-year, the country’s statistics agency said, having contracted in 2020 … Read more
FRANKFURT: Germany’s largest lender Deutsche Bank on Thursday announced it had booked its highest profit in 10 years, driven by its investment arm after a difficult period of restructuring. In 2021, Deutsche Bank recorded a €1.9 billion ($2.1 billion) net profit, having posted a more slender €100 million margin in 2020, as the world economy … Read more
MANILA, Dec 14, 2021 (AFP) – The Asian Development Bank warned Tuesday that the highly mutated Omicron coronavirus variant could have a “substantial” economic impact, as it trimmed its 2021 and 2022 growth forecasts for developing Asia. Despite a sharp drop in infections and increased vaccination across the region stretching from the Cook Islands in the … Read more
KARACHI: The Pakistan Yarn Merchants Association (PYMA) officials have expressed concern over the increase in the interest rates by the State Bank of Pakistan (SBP), despite the demands of the business community. They said the central bank has increased the interest rates by 150 basis points, and the news is circulating for another increase in … Read more
RIYADH: No Saudi banks were lost during the financial crisis of 2008/9 and the financial sector is again in a strong position as it faces the economic fallout from the Covid-19 pandemic, according to Saudi Central Bank Governor Fahad Almubarak. The central bank, also known as SAMA, has been and continues to be strict in … Read more
RAMALLAH: Palestinian Prime Minister Mohammed Ishtaye on Tuesday warned that the Palestinian Authority (PA) is facing a very acute financial crisis that would prevent it from fulfilling its obligations. He made the remarks at the start of an emergency meeting of the PA’s cabinet held in the West Bank city of Ramallah to discuss the … Read more
Aston Martin, the famous car maker revealed its going through severe financial crisis, and lost over £100 million in 2019. This news saw its shares drop to their lowest value since its 2018 flotation, as the storied car maker continues to struggle amid disappointing sales. The Aston Martin company had planned to sell 7,300 cars … Read more
