Economy - Asian News from UK

SoftBank Eyes OpenAI After Arm IPO

SoftBank, which acquired Arm for $31 billion in 2016, controls about 90 per cent of shares outstanding….reports Asian Lite News Japanese major SoftBank is mulling to make an investment in Sam Altman-run

September 18, 2023

Business·Economy·Tech LITE

Ajay Banga: From India to World Bank’s Helm

While acknowledging the significance of luck in one’s journey, he emphasized that the majority of success is built on relentless effort and the ability to seize opportunities as they present themselves…writes Dr.

September 18, 2023

-Top News·Economy·World

FPIs Remain Net Sellers in Indian Equities Amid Record Market Highs

Even though the FIIs have been sellers in the cash market it didn’t impact the market at all since it was neutralised by DII buying of Rs 8,309 crore through September 15….reports

September 17, 2023

Business·Economy·India News

Hidden BRI Debt Raises Concerns Among Emerging Markets

After the IMF approved a $2.3 billion credit facility that April, however, Beijing began withholding payments to contractors on other Chinese-financed projects in Kenya…reports Asian Lite News BRI countries are increasingly opting

September 17, 2023

Business·China·Economy

President Alvi Proposes November 6 As Election Date in Pakistan

The President’s advice to the CEC comes against the backdrop of divided opinions among stakeholders on the time frame for elections….reports Asian Lite News In a major development, Pakistan President Arif Alvi

September 14, 2023

-Top News·Asia News·Economy

UK Economic Output Shrinks 0.5% in July

The decline in the services output was the main contributor to the fall in GDP in July….reports Asian Lite News Output of all three main sectors dropped in July, reports Xinhua news

September 13, 2023

-Top News·Economy·UK News

US poverty rate soared in 2022, kids worst hit

The rise in poverty amounts to an increase of 15.3 million people around the U.S. living in poverty, according to the left-leaning think tank….reports Asian Lite News Millions of American families fell

September 13, 2023

-Top News·Economy·USA

US standing on brink of total shutdown

The US Congress and the Biden administration have until September 30 to avoid a government shutdown….reports Asian Lite News Months after averting it, the US is again standing at the brink of

September 13, 2023

-Top News·Economy·USA

Positive Outlook: OPEC Sees UAE’s 2023 Growth

The report also noted that the travel and tourism sector in the UAE is playing an important role in driving economic growth..reports Asian Lite News The Organisation of the Petroleum Exporting Countries

September 13, 2023

-Top News·Economy·UAE News

‘UAE Financial Wealth Set to Reach $1.3T by 2027’

UHNW Individuals Remain Major Contributors to UAE’s Wealth Growth…reports Asian Lite News The United Arab Emirates (UAE) financial wealth is anticipated to experience a robust Compound Annual Growth Rate (CAGR) of 5.5%

September 13, 2023

-Top News·Economy·UAE News

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