Economy - Asian News from UK

Bank failures hammer global crypto market

Two crypto-friendly banks Silvergate Capital and Signature Bank collapsed last week, and billions of dollars belonging to crypto exchanges got stuck….reports Asian Lite News The collapse of three banks in the US,

March 14, 2023

Business·Economy·Technology

India govt aims to pass pending bills

The government will also list The Biological Diversity (Amendment) Bill, 2021, which was scrutinised by a Joint Committee of Parliament…reports Asian Lite News The second leg of the Budget session of Parliament

March 13, 2023

Economy·India News

Pakistan’s IMF bailout in jeopardy

Islamabad has embraced the bitter pill of IMF conditionality because it has come on the verge of default and economic collapse…reports Asian Lite News Amidst political uncertainty saturating and economic plight worsening

March 12, 2023

-Top News·Asia News·Economy

Pak govt succumbs to IMF pressure again

The decision was reportedly taken as the IMF has been urging the government to impose more taxes…reports Asian Lite News The Pakistani government has increased the sales tax to 25 per cent

March 9, 2023

-Top News·Asia News·Economy

Job cuts to hit education sector

Edtech companies laid off most employees, with 18 edtech startups firing more than 8,200 workers…reports Asian Lite News Top chief financial officers (CFOs) have warned about job cuts across the board in

March 6, 2023

Business·Economy·Education

Amazon in a cost cutting blitz

Amazon recently laid off 18,000 employees among its corporate workforce, after cutting a number of employees in November last year…reports Asian Lite News As it cuts costs across the verticals amid the

March 6, 2023

Business·Economy·Tech LITE

Uncertainties in post Covid economic recovery

Domestically, consumption momentum is clearly fading, and capex could follow suit amid slowing prices, rising cost of capital and slowing consumption and exports, it added…reports Sanjeev Sharma Overall, post-Covid economic recovery may

March 5, 2023

Business·COVID-19·Economy

Al Zeyoudi: Trade leadership key to UAE’s rise

Dr. Al Zeyoudi underlined that the UAE’s positive reputation over the last 50 years is a clear reflection of its ambitious and outward-looking development…reports Asian Lite News Dr. Thani bin Ahmed Al

March 3, 2023

-Top News·Economy·UAE News

Layoffs hit Nike

Reports also surfaced late last month that one of Vietnam’s largest shoe manufacturers for major brands such as Nike and Adidas plans to cut at least 6,000 jobs due to poor orders….reports

March 2, 2023

Business·Economy

Axis Bank completes acquisition of Citibank

The transaction comprises the sale of the consumer businesses of Citibank India…reports Asian Lite News Axis Bank, one of India’s largest private sector banks, has completed the acquisition of Citibank’s consumer business

March 2, 2023

Business·Economy

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