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Thursday, March 28, 2024
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CATEGORY

Economy

OECD Warns: Germany Faces Severe Impact in the Wake of Global Economic Slowdown

GERMANY: The Organisation for Economic Co-operation and Development (OECD) has cautioned that Germany is set to bear the brunt of a global economic slowdown...

Pandemic and Inflation Drive 68 Million People in Asia Deeper into Extreme Poverty, ADB Reports

MANILA: The Asian Development Bank (ADB) has highlighted that the coronavirus pandemic and rising living costs have pushed an additional 68 million individuals in...

China’s Central Bank Collaborates on Financial Assistance amid Economic Uncertainty

CHINA: China's central bank announced on Sunday that it will collaborate on providing financial assistance to address issues related to local government debt as...

Inflation Surge Pushes Dutch Economy into Recession

NETHERLANDS: With daily growth of 0.3% in the second quarter, the Dutch economy entered a recession. Statistics Netherlands released the first estimate on Wednesday. For...

US Economy to Witness Moderate Growth in Second Quarter

UNITED STATES: The U.S. economy is expected to grow moderately in the second quarter due to strong consumer spending and increased business investments. The Commerce...

RBI and UAE Sign MoUs to Boost Cross-Border Transactions

INDIA: The Reserve Bank of India (RBI) and the Central Bank of the UAE (CBUAE) signed two MoUs in Abu Dhabi on Saturday to...

Fragile State of UK Economy to Avoid Recession for the Time Being

UNITED KINGDOM: Britain's economy contracted less than expected in May despite a bank holiday to mark King Charles' coronation and strikes, indicating that the...

Surging Food Prices Drive India’s Retail Inflation Higher Than Anticipated in June

INDIA: Surging food prices boosted India's annual retail inflation rate in June, interrupting four months of easing and removing any hope of a rate...

Sri Lanka to Receive $700 Million in Funding from World Bank to Tackle Crisis

SRI LANKA: On Thursday, the World Bank granted approval for a substantial financial assistance package of $700 million to Sri Lanka, marking the largest funding...

UK’s Debt Level Reaches Historic High, Crossing 100% of GDP for 1st Time Since 1961

UNITED KINGDOM: In May, the UK's debt load reached over 100% of economic production for the first time since 1961, with government borrowing more...

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