Economy – Asian News from UK

Economists Warn of Impending US Recession

Leading global brokerages and economists are sounding alarm bells over the likelihood of a US recession, following the Donald Trump administration’s announcement of sweeping reciprocal tariffs on foreign imports. JPMorgan Chase &

April 5, 2025

-Top News·Economy·USA

Trump tariffs send world markets into panic

US benchmark crude oil shed $2.70 to $64.25 a barrel after major oil producers announced they plan to increase production. Brent crude, the international standard, was down $2.63 at $67.51 a barrel

April 4, 2025

-Top News·Economy·USA

India Secures 2nd Spot Globally in Unicorn Creation, Combined Wealth Surpasses $220 Billion

The report highlights that unicorns now account for 33% of India’s total funding in 2024, showcasing the significant weight these startups carry in the overall financial ecosystem India has emerged as the

April 4, 2025

Economy·India News

India’s GDP to see marginal 0.1% impact due to US tariffs

According to a recent Morgan Stanley report, the Reserve Bank of India (RBI) is expected to cut interest rates by 25 basis points due to the uncertain external demand environment India’s economy

April 4, 2025

-Top News·Economy·India News

Mali embraces solar power for rural areas

The border village of Karan and its 3,000 people used to go days without electricity. Now, enough power is available around the clock to run small video gaming centers and boost commercial

March 30, 2025

-Top News·AFRICA NEWS·Economy

Trump administration to formally end USAID

The move will fully absorb all remaining USAID functions into the State Department effective July 1, and according to a reduction in force notice to remaining staff, will “obviate” the need for

March 30, 2025

-Top News·Economy·USA

Defence Ministry inks Rs 6,900 cr contracts

With the signing, total contracts worth Rs 1.40 lakh crore have been signed by MoD for capital procurement till date in the current Financial Year 2024-25 The Ministry of Defence (MoD) has

March 27, 2025

Defence·Economy·India News

IMF Backs Pakistan with $1.3B Aid

The new deal comes with an agreement on the first review of the ongoing $7 billion bailout programme…reports Asian Lite News The International Monetary Fund (IMF) has finalized a staff-level agreement with

March 26, 2025

-Top News·Asia News·Economy

Pay Hike for Ministers, Struggles for Citizens

Sharif has been calling on Pakistanis to tighten their expenditures due to excessive taxes, asserting that it is a recovery phase for the country….writes Hamza Ameer The Shehbaz Sharif-led Pakistani government, which

March 22, 2025

-Top News·Asia News·Economy

Big Job Cuts Loom as AI Reshapes Work

The rise of AI and global economic uncertainties are key reasons behind these layoffs…reports Asian Lite News Several major global companies, including Amazon, Morgan Stanley, and Goldman Sachs, plan significant job cuts

March 20, 2025

Business·Economy·World News