Economy

Global fintech investment nosedives in 2022

by NewsdeskBusinessEconomyWorld NewsFebruary 20, 2023February 20, 2023

The sharp drop-off in fintech investment between the first half of 2022 and the second half highlights the rapidly shifting market conditions much more clearly….reports Asian Lite News The global…

Gold starts 2023 on a cheery note

by NewsdeskBusinessEconomyIndia NewsFebruary 20, 2023February 20, 2023

The gold started the new year on a cheery note, up about six per cent in January in dollar terms and about four per cent in rupee terms….reports Asian Lite…

Zoho bets big on UAE

by NewsdeskBusinessEconomyUAE NewsFebruary 16, 2023February 17, 2023

Zoho has partnered with various organisations such as Department of Economy and Tourism (DET) and Dubai Culture in order to make enterprise technology available to businesses of all sizes…reports Asian…

World Bank chief quits

by Newsdesk-Top NewsEconomyWorld NewsFebruary 16, 2023February 16, 2023

David Malpass’ departure comes at a time when many countries around the world are facing severe financial problems…reports ARUL LOUIS David Malpass has announced that he is quitting as the…

IMF predicts drop in global inflation  

by Newsdesk-Top NewsEconomyWorld NewsFebruary 16, 2023February 16, 2023

According to the IMF’s update, global economic growth is projected to fall from an estimated 3.4% in 2022 to 2.9% in 2023 before rising to 3.1% in 2024…reports Asian Lite…

Pakistan’s ‘mini-budget’ to pacify IMF

by Newsdesk-Top NewsAsia NewsEconomyFebruary 15, 2023February 16, 2023

The tabling of the “mini-budget” is a crucial step towards meeting the conditions set by the IMF for the resumption of the programme…reports Asian Lite News Pakistan Finance Minister Ishaq…

Pakistan to resume crucial talks with IMF

by Newsdesk-Top NewsAsia NewsEconomyFebruary 14, 2023February 14, 2023

Despite the inconclusive negotiations between Pakistan and the IMF visiting delegations, both sides have agreed to continue the process of talks virtually…reports Asian Lite News Pakistan and International Monetary Fund…

India pays its 2023 dues of $30.54 mn to UN

by Newsdesk-Top NewsEconomyWorld NewsFebruary 14, 2023February 14, 2023

India’s contribution was received on Friday according to the UN. India’s share is assessed at 1.044 per cent of the total budget of $3.217 billion…writes ARUL LOUIS India has paid…

Klaus Schwab: New mechanisms needed for global cooperation

by Newsdesk-Top NewsEconomyWorld NewsFebruary 14, 2023February 14, 2023

The WEF President commended WGS for its role in preparing for the future and keeping abreast of new technical developments in a world dominated by rapid changes….reports Asian Lite News…

Meta plans more job cuts

by NewsdeskBusinessEconomySocial MediaFebruary 12, 2023February 13, 2023

Meta did not comment on the fresh layoffs….reports Asian Lite News After firing 11,000 employees in November last year, Meta (formerly Facebook) is reportedly planning to reduce headcount further in…