Economy - Asian News from UK

Yellen warns of possible US debt default by June 1

Yellen made the assessment after obtaining additional information on the latest data…reports Asian Lite News In a letter to Congressional leaders, US Treasury Secretary Janet Yellen reiterated that the country could default

May 16, 2023

-Top News·Economy·USA

De-Dollarisation: A paradigm shift in global monetary system

India’s rupee and China’s yuan are starting to gain global acceptance despite multiple teething issues… Mahua Venkatesh With the US staring at a debt default, dominance of the American dollar on the

May 15, 2023

-Top News·Economy·USA

Biden warns of catastrophe if US defaults

Alarm bells are ringing over the possibility of a first-ever US default, with uncertainty over the actual date the government would stop being able to pay its bills…reports Asian Lite News President

May 15, 2023

-Top News·Economy·USA

Al Kaabi: UAE promotes collective efforts for better future

The Forum saw the participation of ministers from the European Union, in addition to government officials and experts from the Indo-Pacific region…reports Asian Lite News Noura bint Mohammed Al Kaabi, Minister of

May 15, 2023

-Top News·Economy·UAE News

Pakistan asked to arrange $8b for successful IMF bailout review

IMF’s demand comes despite receiving confirmation from Saudi Arabia and the United Arab Emirates (UAE) further eroding chances for the revival of the USD 6.5 billion bailout package….reports Asian Lite News The

May 15, 2023

-Top News·Asia News·Economy

UK economy grows by 0.1% in the first quarter

UK growth has been muted so far this year, coming in at 0.4% in January and flat in February, after the economy narrowly avoided a technical recession in 2022…reports Asian Lite News

May 14, 2023

-Top News·Economy·UK News

IMF staff team due in Lanka

On Tuesday, Sri Lanka had requested 17 countries which had formally formed an official creditor committee for debt treatment…reports Susitha Fernando An IMF staff team comprising Krishna Srinivasan, Director of the Asia

May 10, 2023

-Top News·Asia News·Economy

Biden chairs debt meet

Biden described the talks as “productive” even though House Speaker Kevin McCarthy said “didn’t see any new movement”…reports Asian Lite News President Joe Biden and congressional leaders confronted each other on the

May 10, 2023

-Top News·Economy·USA

Bosch eyes more goals

Bosch is realigning its mobility business to changed market and customer requirements. The aim is to be able to serve existing and new customer needs even better and faster with customized solutions

May 9, 2023

Business·Economy·Tech LITE

Millions face job losses in Pakistan

Around 100,000 people out of the 500,000 in the Site area had lost their livelihood in different categories of industries, mainly from October 2022 till date, official said…reports Asian Lite News Millions

May 8, 2023

-Top News·Asia News·Economy

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