Economy

Pakistan is facing a severe economic crisis. Prices of staples like food and fuel are skyrocketing. The country must repay billions in external debt, but its foreign reserves are so low it can barely afford to buy a few weeks' worth of…
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Nigerian Central Bank authorities are calling for calm as citizens march in the streets protesting cash and fuel shortages days ahead of the February 10 deadline when the country will switch to redesigned currency.  Protesters asked…
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Indian business tycoon Gautam Adani is in the eye of a storm after a dramatic crash in the stocks of his companies. Adani’s businesses have lost more than $100 billion after a U.S. investment firm, Hindenburg Research, alleged that the…
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As the annual World Economic Forum gets underway this week in Davos, Switzerland, Oxfam says extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years. The charity is calling for fairer taxation amid…
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Software giant Microsoft on Wednesday became the latest major company in the tech sector to announce significant job cuts when it reported it would lay off 10,000 employees, or about 5% of its workforce. Microsoft’s job cuts come just as…
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The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos, where leaders are seeking to bridge political divisions in a polarized world, buttress a hobbling economy and address concerns about…
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As the annual World Economic Forum (WEF) gets underway this week at the Swiss ski resort of Davos; the charity Oxfam says extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years – and is calling for…
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In his meeting with Dutch Prime Minister Mark Rutte on Tuesday at the White House, President Joe Biden appeared to have made no progress to get the Netherlands to support U.S. restrictions on exporting chip-making technology to China, a key…
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The Treasury Department said Monday it plans to increase its borrowing during the first three months of 2023, even as the federal government is bumping up against a $31.4 trillion limit on its legal borrowing authority.  The U.S. plans to…
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U.S. House Speaker Kevin McCarthy promised Sunday the United States would not default on its national debts as the country approaches its $31.4 trillion spending limit in June but said the government cannot continue to annually spend more…
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