INTERNATIONAL ECONOMY NEWS
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January 30, 2023, Monday
Europe steps up rollback of Russia energy ties with ban on diesel import
Europe is taking another big step toward cutting its energy ties with Russia, banning imports of diesel fuel and other products ...
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January 30, 2023, Monday
China's oil and gas consumption declined in 2022 amid weakening economy
There remains a high degree of uncertainty because a recession in the United States and Europe could reduce demand, said Krauss
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January 29, 2023, Sunday
Pakistan govt goes for a steep hike in petrol and diesel prices
After the rise, the price of petrol was set at Rs 249.80 per litre
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January 28, 2023, Saturday
Sri Lanka's economic growth in 2022 at minus 11%: President Wickremesinghe
Sri Lanka's overall economic growth in 2022 was minus 11 per cent and it could be - 3.5 to - 4 per cent this year, President ...
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January 28, 2023, Saturday
Ahead of crucial talks, IMF spots Rs 2 trn breach in Pak's budget estimates
Ahead of its crucial talks with the cash-strapped Pakistan government, the IMF has found an over Rs 2,000 billion breach in ...
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January 28, 2023, Saturday
US inflation, consumer spending cools in Dec as economy slows on Fed hikes
The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell - the latest evidence that ...
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January 28, 2023, Saturday
Want pay raise? Work 5 days a week in office, Brit firms tell staff
Wages are rising at near-record rates because workers are in short supply even though the economy is headed into recession
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January 28, 2023, Saturday
US consumer spending softens in December even as inflation eases
The data was included in the advance fourth quarter gross domestic product report, which showed consumer spending maintaining a ...
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January 27, 2023, Friday
Cash-strapped Pakistan's currency plunges to Rs 262.6 against US dollar
Cash-strapped Pakistan's currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and ...
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January 26, 2023, Thursday
US economy shows signs of slowdown after growing 2.9% last quarter
Personal consumption, the biggest part of the economy, climbed at a below-forecast 2.1% pace
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January 26, 2023, Thursday
Bank of Canada hikes policy interest rate by 25 basis points to 4.5%
The bank conducted eight consecutive interest rate hikes since March 2022 and added 425 basis points in total to tackle inflation
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January 25, 2023, Wednesday
6 million people in Pakistan facing acute food insecurity: World Bank
A new report from the World Bank has revealed that an alarming six million people in Pakistan are currently experiencing acute ...
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January 25, 2023, Wednesday
Long queues at filling stations in Pakistan amid acute petrol shortage
Long queues of automobiles and motorcycles were witnessed at filling stations in capital city of Islamabad and the Khyber ...
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January 25, 2023, Wednesday
Taking extraordinary steps on debt limit, says US treasury secretary
US Treasury Secretary Janet Yellen sent a letter on Tuesday to congressional leaders saying she's suspending the reinvestment of ...
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January 23, 2023, Monday
Pakistan's national grid fails for the second time in three months
Energy Minister Khurrum Dastagir said the outage was caused by a large voltage surge in the south of the grid, which affected the ...
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January 23, 2023, Monday
Pakistan has 'technically' defaulted with continuous loan rollovers
While Pakistan has not officially defaulted, but with continuous rollovers of loans that have come from China, Saudi Arabia, and ...
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January 23, 2023, Monday
Morocco plans to sell India 1.7 mn tonnes of phosphate fertilisers in 2023
Moroccan phosphates and fertilisers producer OCP said on Sunday it plans to supply India with 1.7 million tonnes of ...
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January 22, 2023, Sunday
Pak imported cars worth $1.2 bn in 6 months despite economic crisis: Report
Pakistan spent USD 1.2 billion (Rs 259 billion) on the import of transportation items, including luxury cars, high-end electric ...
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January 21, 2023, Saturday
Foreign shipping lines may stop services for cash-strapped Pakistan
The ship agents have forewarned the cash-strapped Pakistani govt that all export cargoes could come to a halt as foreign shipping ...
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January 20, 2023, Friday
WEF 2023: 'Fragmentation can cost up to 7% of global GDP', says IMF chief
Asking the world to be pragmatic and collaborate, IMF chief Kristalina Georgieva on Friday said fragmentation can cost up to 7 ...
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January 30, 2023, Monday
Bangladesh sees robust rise in overseas employment, mostly in Saudi Arabia
Remittance-reliant Bangladesh witnessed a big boom in overseas employment last year amid growing demand of huge workforce ...
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January 29, 2023, Sunday
Pak need to fix responsibility for its depleting forex reserves: Report
Pakistan is in the midst of an "economic meltdown" as its forex reserves dropped by over 40 per cent since the exit of Miftah ...
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January 29, 2023, Sunday
Pakistan hikes petrol, diesel prices by Rs 35 amid economic crisis
With today's hike, petroleum will now cost Rs249.80 per litre, while diesel Rs 262.80 per litre, kerosene oil Rs 189.83 per litre ...
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January 28, 2023, Saturday
Pak's foreign loan disbursements slow down from July to Dec 2022: Report
Pakistan received only USD 5.6 billion in foreign loans during the first half of current fiscal year, equal to about one-fourth ...
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January 28, 2023, Saturday
G20 Education Working Group meet to focus on inclusive tech-based learning
The G20 Education Working Group (EdWG), which is set to meet here on February 1 and 2, will focus on ensuring foundational ...
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January 28, 2023, Saturday
'Britain needs you', Hunt urges older people to rejoin workforce
Hunt addressed problems in the labour market in a speech on Friday
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January 28, 2023, Saturday
Cash-strapped Pakistan's prosperity, economy 'Allah ke zimme': FM
Facing an acute balance of payments crisis, Pakistan is desperate to secure much-needed external financing
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January 27, 2023, Friday
Pakistan's power crisis lingers, paralyses economic activities
The crisis forced the government earlier this month to order shopping malls and markets to close by 8.30 p.m. for energy ...
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January 26, 2023, Thursday
Pakistani rupee tumbles to all-time low against USD amid IMF condition
Following the rupee's devaluation in the open and interbank markets, the benchmark index of the Pakistan Stock Exchange (PSX) ...
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January 26, 2023, Thursday
$1 trillion green investment matches fossil fuels for first time: Report
Global investments in the clean energy transition hit $1.1 trillion in 2022, roughly equal to the amount invested in fossil fuel ...
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January 25, 2023, Wednesday
Debt-ridden Sri Lanka thanks India for backing its $2.9 bn bailout package
Debt-ridden Sri Lanka on Wednesday thanked India for issuing the necessary guarantees sought by the IMF that would help Colombo ...
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January 25, 2023, Wednesday
Asia's travel hotspots Bali, Chiang Maiquiet quiet, await Chinese tourists
Just a handful of Chinese visitors were posing for photos and basking in the sun this week in the market and plazas near Chiang ...
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January 25, 2023, Wednesday
US Prez Biden meets with Democratic leaders as debt showdown looms
President Joe Biden hosted the Democratic congressional leaders Tuesday at the White House as they face a new era of divided ...
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January 24, 2023, Tuesday
India commits to help Sri Lanka on debt in prospective IMF program
India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International ...
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January 23, 2023, Monday
Pakistan's State Bank raises key rate by 100 basis points as crisis mounts
State Bank of Pakistan raised the target rate to 17%, a move expected by 25 of 43 economists in a Bloomberg survey. The majority ...
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January 23, 2023, Monday
Firms expect layoffs, cut down in expansions in 2023 amid recession fears
A survey of national economists found that more businesses now expect job reductions at their firms and to spend less on ...
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January 23, 2023, Monday
Euro nears nine-month peak as ECB plans hawkish rate hike in coming months
European Central Bank (ECB) governing council member Klaas Knot said interest rates would rise by 50 basis points in both ...
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January 21, 2023, Saturday
Petrol stocks may dry up in Pakistan as banks refuse to open, confirm LCs
The Petroleum Division has warned the State Bank of Pakistan (SBP) that the stocks of petroleum products may dry up as banks are ...
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January 21, 2023, Saturday
Davos 2023: Over 50 high-impact initiatives at WEF for sustainable world
With more than 50 high-impact initiatives were launched or profiled, world leaders gathered at the WEF 2023 in the first major ...
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January 20, 2023, Friday
Pak to pay for Russian oil in currencies of 'friendly countries': Official
Pakistan will pay for energy purchases from Russia, when they start in late March, in currencies of friendly countries, a top ...
