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IMF ‘shares’ MEFP with Pakistan for $1.2 bln tranche unlock
The International Monetary Fund (IMF) has shared a draft of the Memorandum of Economic and Financial Policies (MEFP) with Pakistan for unlocking of $1.2 bln tranche, ARY News reported on Thursday, citing sources As per details, progress has been made towards securing a $1.2 billion tranche from the...
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Priyanka Chopra: Dua Lipa ignores her during Bvlgari event
Priyanka Chopra gained public attention once again during the Bvlgari event. In the recent Bvlgari event, Priyanka Chopra was criticised over a video in which she was allegedly being ignored by British Singer Dua Lipa. Some social media users noted that Dua Lipa ignored Chopra because of her perceiv...
Stocks slide, oil gains with Mideast ceasefire prospects centre stage
The widening war has jolted global markets this month, sending oil prices soaring, reigniting inflation fears
A closer look at shipping traffic through the Strait of Hormuz with Gulf oil exports slowed by war
20 million barrels of oil typically flow through the Strait of Hormuz each day but since the Iran war began a trickle of a one million barrels travel through per day. NBC News’ Christine Romans spoke with Matt Smith, Kpler lead analyst who gives a closer look at the traffic through the strait.
Singapore’s green fuel levy on air travellers delayed over Iran war
Singapore is delaying a sustainable aviation fuel (SAF) levy that airline customers were meant to start paying next month, citing the surge in fuel costs spurred by the Iran war. Additional charges will now begin on October 1 as a result of the “impact of the ongoing conflict in the Middle East on a...
Andrew Hastie open to 25% tax on gas profits and says multinationals have ‘had a really good run’ on Australian wealth
Exclusive: Speaking with the Australian Politics podcast, the Liberal frontbencher says a sovereign wealth fund would set Australians up for generations to comeFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastLiberal frontbencher Andrew...
Fed Chair Nominee Warsh May Need Five Years to Really Shrink the Central Bank’s Balance Sheet
Federal Reserve Chair nominee Kevin Warsh wants to significantly shrink the US central bank’s $6.6 trillion balance sheet. He’ll probably need more than one term to do it, according to a top financial economist.
BlackRock’s Kapito Warns Investors Are Mispricing Iran War Risks
BlackRock Inc.’s President Rob Kapito said investors may be underestimating the risks stemming from the Iran war, which are likely to weigh on growth and drive inflation higher even if the conflict ends soon.
Google to label verified investment apps in India amid scam crackdown
Allow only brokers and intermediaries registered with SEBI to carry a verified badge
British suppliers to be prioritised for contracts in sectors vital to national security
Policy brought forward as Middle East war highlights fragility of global supply chainsBritish suppliers will be prioritised for public contracts in shipbuilding, steel, AI and energy infrastructure under new guidance marking them out as sectors vital to national security.Departments will also have t...
Iran war could boost China’s ‘petroyuan’ and weaken US dollar dominance, analysts say
The US-Israeli war in Iran could weaken the US dollar’s historic dominance in the oil-rich Middle East and bolster a “petroyuan” alternative backed by China’s currency, according to analysts at a leading European bank. Fallout from the nearly month-long conflict was testing the “foundations of the p...
Bond Boom in Indonesia Stymied by Oil-Driven Inflation Risks
Indonesia’s local credit market is coming under strain as the Iran war drives oil prices higher, stoking inflation risks, accelerating capital outflows and sharpening concern over the country’s creditworthiness.
Meta laying off hundreds of employees, source says
Meta was planning sweeping layoffs that could affect 20% or more of the company's workforce
Zimbabwe lithium export ban triggers crackdown, concerns
Harare: A month after banning raw lithium exports, Zimbabwe is tightening its regulations and ramping up its crackdown on mineral smuggling in a major shake-up that is winning local praise even as it stirs concerns. The February 26 ban covered exports of all raw minerals but focused on raw lithium,...
12 lakh Bengal voter claims rejected out of 32L vetted: EC official
Bengal's electoral rolls saw a significant reduction of approximately 12 lakh voters after judicial officers cleared just over half of the 60 lakh pending cases. This has led to widespread disenfranchisement in several rural pockets, with many long-term residents finding their names deleted despite...
AI regulators "don't actually know what they're regulating," economics professor explains
For years, governments have attempted to regulate new, emerging technologies on a global scale. Roland Fryer, a CBS News contributor and author of the Wall Street Journal op-ed "The Economics of Regulating AI," breaks it down.
IMF running scenarios on which nations may need aid due to Iran war, Bloomberg News reports
The International Monetary Fund (IMF) is running scenarios on countries to gauge which economies could be in need of fresh financing if the Iran war drags on, Bloomberg News reported on Wednesday, citing people familiar with the matter. The IMF has asked country desks at the IMF to share t...
Ares Private Credit Fund Posts Steepest Monthly Loss on Record
A private credit fund managed by Ares Management Corp. posted its steepest monthly loss on record in February, providing further evidence of deteriorating performance in the $1.8 trillion private credit market.
Financial burden no excuse to deny fair dues for land buys: SC
The Supreme Court ruled that financial burden cannot deny fair compensation for land acquisition, upholding the principle that fiscal implications don't override landowners' entitlements. However, the court limited this liberal compensation regime to claims pending since March 28, 2008, preventing d...