Economy

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Income support scheme averted a ‘catastrophe’ in Pakistan, finds report

Pakistan’s innovative emergency cash program (Ehsaas) helped avert an economic catastrophe by directly transferring cash benefits in form of income support to millions of people who had lost their livelihood because of the Covid-19, found a report. more

Tesla cars can now be bought with Bitcoin

Washington/Sputnik: Electric car manufacturer Tesla CEO Elon Musk said on Wednesday that Tesla vehicles can now be bought using Bitcoin.

IMF chief backs $650Bln allocation for global recovery: Statement

Washington/Sputnik: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said in a statement that she supports discussions about a possible new Special Drawing Rights ...

No winners but fewer losers in global economy from COVID than expected

New York: The COVID-19 pandemic seriously impacted all economies around the world last year, with trillions of dollars of lost earnings, UN trade and development experts UNCTAD said on Th ...

30 aspiring entrepreneurs to be trained under Innovate Bhutan

Thirty young, aspiring entrepreneurs will get training under Innovate Bhutan (iBhutan) for seven weeks in social entrepreneurship under the Learn 2 Launch (L2L) programme. The idea is to ...

38 business projects approved in Bhutan to generate jobs

With the aim to generate more jobs, about 38 business projects from farming to mediatech to postal services have been approved by the National Credit Guarantee Scheme (NCGS) of the Bhutan ...

Sri Lankan Ports Authority says 'unaware' of Adani’s claim on WCT

A day after India’s Adani Group claimed that it would acquire a 51 percent stake in West Container Terminal of Colombo port, Sri Lankan Ports Authority (SLPA) has now said they are ...

IEA slightly upgrades forecast for world oil demand growth in 2021 to 5.5 mbd: Report

Moscow/Sputnik: The International Energy Agency (IEA) in a report on Wednesday slightly upgraded the forecast for world oil demand growth in 2021 by 0.1 million barrels a day (mbd) to 5.5 ...

Uber to pay 70,000 UK drivers minimum wage, holiday pay, pensions

Moscow/Sputnik: Supreme court ruling guarantees 70,000 UK Uber drivers will be receiving a minimum hourly wage, holiday pay at 12.07 percent of earnings every two weeks and pensions, the ...

India’s Adani group set to acquire 51 % stakes in Sri Lanka’s West Container Terminal

Adani Ports and Special Economic Zone Limited (APSEZ), a subsidiary of India’s Adani group that operates more than a dozen ports in India, is set to acquire 51 percent stakes in the ...