Economy
World / Countries / MNCs
Kathmandu, Nepal: A senior Nepalese economist has said the Himalayan nation should be extremely cautious while accepting loans from China. more
Ukraine war fueling global economic downturn as growth projections slide

New York: The Russian invasion of Ukraine has been the “main contributing factor” to the potentially devastating one per cent drop in projected global economic growth this yea ...

COVID-19: Panic selling grips Chinese tech stocks again amid rising concerns over lockdown

Hong Kong: The relentless sell-off in Chinese technology stocks continued in Hong Kong on Monday amid lockdown imposed in tech hub Shenzhen due to COVID-19 spike.

Russia retaliates against Western sanctions with export bans: Report

Moscow (JEN): Russia has retalited to the western sanctions to isolate it for invading Ukraine by imposing export bans on a host of products until the end of 2022, BBC reported.

Pakistani govt decides to impose 10 percent regulatory duty on import of petrol from China

Islamabad: The Pakistani government has decided to impose 10 percent regulatory duty on the import of petrol from China aimed at plugging a loophole that is exploited by the oil marketing ...

Crash in family incomes during COVID will increase inequality for generations

New York: At least two-thirds of households with children have lost income since the COVID-19 pandemic hit two years ago, according to a joint report published on Wednesday by the UN chil ...

Ukraine War: McDonald's, Coca-Cola, Netflix, Samsung join growing list of MNCs suspending business in Russia

Moscow (JEN): As Russia's invasion of Ukraine enters the 14th day, three more companies - McDonald's, Coca-Cola and Starbucks - have announced closure of business in Russia, joini ...

Ukraine War: Economy in 'shock' from unprecedented economic war, admits Russia

Moscow (JEN): Russia has admitted that the country's economy is in a shock and it is taking measures to resist the impact of what it described as an "absolutely unprecedented&quo ...

Ukraine war: US imposes ban on imports of Russian oil, liquefied natural gas

Washington,DC (JEN): The United States President Joe Biden Tuesday announced a ban on imports of Russian oil, liquefied natural gas and coal to his country, calling it a "significant ...

Russia-Ukraine War hits Canada's economy as gas prices surge amid through-the-roof housing costs

Ottawa: Canada witnessed a surge in its average cost of gas per litre due to the ongoing Ukraine-Russia crisis and adding to the woes of buyers, the housing prices in the North American c ...