Economy

Nifty’s downward trend continues with third weekly fall

by NewsdeskBusiness Economy India NewsAugust 13, 2023August 13, 2023

Nifty fell for the second consecutive session on Aug 11, pulled down by weak global cues…reports Asian Lite News Deepak Jasani, Head of Retail Research, HDFC Securities said that Nifty…

Pakistan’s GSP Plus status hangs in the balance

by Newsdesk-Top News Asia News EconomyAugust 12, 2023August 12, 2023

The blatant human rights violations, blasphemy laws and rising religious intolerance, economic crisis and political instability appear to have created roadblocks for Pakistan’s re-entry to the GSP Plus club…reports Asian…

Cricket drought hits Disney+ Hotstar

by NewsdeskBusiness Economy SportAugust 11, 2023August 11, 2023

Disney+Hotstar had 40.4 million subscribers at June-end, down nearly 21 million since October last year….reports Asian Lite News Disney+ Hotstar lost around 12.5 million subscribers for its third quarter that…

‘YouTube to fuel next-gen creator economy’

by NewsdeskEconomyAugust 11, 2023August 11, 2023

The creator economy will continue to thrive as creation becomes frictionless, consumption becomes boundless and fandoms expands, he added….reports Asian Lite News The next generation of creators are coming from…

Pakistan witnesses downfall in productive, services sectors

by Newsdesk-Top News Asia News EconomyAugust 11, 2023August 11, 2023

The situation is not new for most entrepreneurs as the Pakistani economy has gone through frequent cycles of boom and bust. …reports Asian Lite News Pakistan, a cash-strapped country is…

Deposits at four biggest banks fall by £80bn

by Newsdesk-Top News Economy UK NewsAugust 10, 2023August 10, 2023

NatWest, Lloyds, HSBC and Barclays experienced total outflows of about £78bn in the 12 months to June 2023…reports Asian Lite News Deposits at the UK’s four biggest banks have fallen…

UAE Unveils Sustainable Financial Plan

by Newsdesk-Top News Economy UAE NewsAugust 10, 2023August 10, 2023

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, announced the launch of the Ministry of Finance’s Strategic Plan…

Funding spring soon?

by NewsdeskBusiness Economy STARTUPS NewsAugust 10, 2023August 10, 2023

The number of registered startups has grown 9X in the last four years, from about 10,000 startups in CY18 to about 90,000 startups in CY22….reports Asian Lite News One in…

China slips into deflation

by Newsdesk-Top News China EconomyAugust 9, 2023August 9, 2023

According to analysts, this adds to the pressure on the government to stimulate demand in the world’s second-largest economy….reports Asian Lite News China’s economy has slipped into deflation as consumer…

More rate hikes likely to bring inflation down

by Newsdesk-Top News Economy USAAugust 8, 2023August 8, 2023

Fed officials are scheduled to decide further monetary policy in their meeting on Sept. 20, with an unusually long gap between meetings …reports Asian Lite News Additional interest rate hikes will…

Arab Bank Group Posts Impressive 59% Profit Growth

Iraq, GCC discuss ways to strengthen ties

IMF deal fails to secure Pakistan’s financial stability

Hinduja backs Sunak’s economic plans