Economy
World / Countries / MNCs
Brussels: The European Union (EU) has revealed a detailed €300 billion ($340 billion) global investment plan, described as a response to China’s Belt and Road strategy. more
World trade reaches all-time high, but 2022 outlook ‘uncertain’: UNCTAD

New York: Global trade is expected to be worth about $28 trillion this year - an increase of 23 per cent compared with 2020 - but the outlook for 2022 remains very uncertain, UN economist ...

Imran Khan compromises on Pakistan's sovereign rights to get $4.2 bn Saudi funding amid deep financial crisis: Economists

Islamabad: In a desparate effort to rescue Pakistan from the throes of a deep economic crisis, the Imran Khan government in the country has managed to get a "celebratory" loan o ...

Microsoft CEO Satya Nadella sells half of his shares in company

Washington/UNI/Sputnik: Microsoft CEO Satya Nadella sold half of his shares in the company presumably due to an upcoming Washington state law imposing a 7 per cent tax on long-term capita ...

Coronavirus pandemic could cost global tourism $2 trillion this year

New York: The coronavirus pandemic will likely cost the global tourism sector $2 trillion in lost revenue in 2021, the UN's tourism body said Monday, calling the sector's recovery ...

Urgent measures needed to restore Afghanistan's chaotic financial system, says UN

Kabul/UNI/Sputnik: The problem of financial and bank payment systems in Afghanistan, which are currently "in disarray", must be resolved quickly to minimise negative impacts on ...

Afghanistan’s farmers, herders desperate for seed, food and cash

Kabul: “Catastrophic and famine-like conditions” hang over Afghanistan’s farmers and herders, whose needs continue to worsen with the onset of winter, UN humanitarians s ...

UK inflation rises to reach highest level in decade: ONS

London/UNI/Sputnik: UK inflation jumped to 4.2 per cent in the 12 months to October 2021, its highest level in nearly a decade, pushed by increasing fuel and energy prices, the Office for ...

World food import bill to reach record high in 2021

New York: The global food trade should hit an all-time record high in both volume and value terms, according to a new report released on Thursday by the UN Food and Agriculture Organizati ...

Rail freight service between North Korea, China halted again amid spike in COVID-19 cases

The rail freight connection between China and North Korea has been disrupted as COVID-19 cases spiked in recent times in the border region of the two neighbours.