Economy
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China, which recently witnessed the Evergrande crisis in which the real estate bellwether was found $305 billion in the red, is also recording several major real estate players defaulting on their debt payments. more
$667 million funding call to help Afghans through economic crisis

New Yrok: Afghanistan’s economy is imploding, with all but three per cent of households expected to fall below the poverty line in coming months, the UN said on Thursday.

Taliban rule: IMF predicting 30 pct shrink in Afghanistan’s economy

The International Monetary Fund has said in its  latest regional economic report that the gross domestic products of Afghanistan could see a 30 percent contraction after the Taliban ...

Value of Afghani falls as Kabul residents feel the pinch in their pockets

Kabul: Residents of Kabul have been complaining about a spike in  prices of goods in the markets as the value of the Afghani has fallen against the dollar in recent days, media repor ...

Moody's slashes ratings of several Chinese real estate giants

As many as seven Chinese  real estate giants are facing the trouble to borrow money to repay their debts as US credit rating agency Moody recently downgraded their  credit ratin ...

Debt-ridden Chinese chipmaker trying to survive, initiates talks with investors

Chinese chipmaker Tsinghua Unigroup is trying to avoid bankruptcy and currently it is in negotiations with seven potential investors to help resolve the financial crisis, media reports sa ...

In highly uneven recovery, global investment flows rebound

New York: After a big drop last year caused by the COVID-19 pandemic, global foreign direct investment (FDI) reached an estimated $852 billion in the first half of 2021, showing a stronge ...

China is investing USD 8.43 bn in Africa as part of Digital Silk Road initiative: Report

Chinese companies have invested USD 8.43 bn in Africa as a part of extending its digital footprints in the continent.

David Card, Joshua Angrist and Guido Imbens win Nobel Prize in Economics

US-based economists David Card, Joshua Angrist and Guido Imbens clinched the  2021 Nobel economics prize on Monday.

David Card, Joshua Angrist and Guido Imbens win Nobel Prize in Economics

Economists David Card, Joshua Angrist and Guido Imbens clinched the  2021 Nobel economics prize on Monday.