global economy: Uncertainties cloud global economy, G20 nations must resolutely address challenges, says RBI Guv

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Bengaluru: The global economic outlook has improved in recent months, but uncertainties still remain, RBI Governor Shaktikanta Das said on Friday as he called upon G20 nations to resolutely address the challenges, including debt distress and threats to financial stability, confronting world economies. Addressing the inaugural session of the meeting of G20 finance ministers and … Read more

White elephant fears in Sri Lanka’s Chinese-built port city | business and economy

port city colombo viewed from galle face | journalpur

Colombo, Sri Lanka – As far as many residents of Sri Lanka’s capital are concerned, one more beach is needed amid the worst economic crisis their island nation has ever seen – the island nation’s 1,340km of coastline is home to some of the world’s most beautiful beaches. Has been awarded. World. Nevertheless, Port City … Read more

US fiscal impasse: could the nation default on its debt? | business and economy

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Treasury Secretary Janet Yellen has warned that the US could default in early June if Congress fails to raise the debt ceiling. US fiscal impasse: could the nation default on its debt? The United States’ national debt is now six times what it was at the beginning of this century. Despite its mounting liabilities, the … Read more

Middle East round-up: Egypt’s economy booming | news

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Here’s a round-up of Al Jazeera’s Middle East coverage this week. Egypt must make difficult economic choices, the death toll in the occupied West Bank continues to mount, and the execution of an Iranian official threatens further isolation. Here’s this week’s round-up, written by Daniel Hawaleshka. The Egyptian pound has definitely seen better days. In … Read more

North Korea vows to revive economy after COVID ‘victory’ | business and economy

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The secretive state claims ‘remarkable successes’ after the upheaval caused by the COVID-19 pandemic. North Korea has pledged to “re-energize” industrial production and return the economy to a “normal track” following disruptions caused by the COVID-19 pandemic, according to state media. The Korean Central News Agency (KCNA) reported on Thursday that a “main task” for … Read more

China flight bookings way down despite reopening, data shows | Economy

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Outbound flight bookings are at only 15 percent of pre-pandemic levels despite reopening, according to travel firm. China’s outbound flight bookings were at only 15 percent of pre-pandemic levels in the week after the country announced it would reopen its borders, despite a 192 percent jump from the same period last year, according to travel … Read more

Pakistan Finance Minister to meet IMF delegation in Geneva | Business and economy news

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The IMF has yet to approve the release of the $1.1 billion originally disbursed in November last year. A delegation of the International Monetary Fund (IMF) will meet Pakistan’s finance minister on the sidelines of a conference in Geneva as Pakistan struggles to restart its bailout programme. Pakistan Finance Minister to meet IMF delegation in … Read more

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