Economy - Asian News from UK

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

India’s youngest Akasa Air spreads its wings

Akasa Air has been expanding its network across the country in a phased manner with a commitment towards making travel accessible in India…reports Asian Lite News While Akasa Air has already placed

March 2, 2023

Business·Economy·India News

Pakistan on its knees before IMF

The cash-strapped country is undertaking key measures to secure a $1 billion tranche from the IMF under the ninth review of the EFF….reports Asian Lite News Desperate to revive the loan programme

March 2, 2023

-Top News·Asia News·Economy

Al Marri touts UAE’s attractive labour market

Al Marri noted that the ambitious economic initiatives and programmes launched in the past few years aim to enhance the country’s capacity to address new economic concepts…reports Asian Lite News UAE boasts

March 2, 2023

-Top News·Economy·UAE News

McDonald’s India partners with NGOs for hiring

So far, the brand has hired more than 500 young people over the last year, partnering with several reputed not-for-profit organisations…reports Asian Lite News In its endeavour of driving change and making

March 1, 2023

Business·Economy·India News

Pakistan irked as IMF ‘shifts goalposts’

The Authorities are extremely annoyed at the latest situation, describing it as ‘maltreatment’….reports Asian Lite News The Pakistan government has been trying to put on a brave face in its struggle to

March 1, 2023

-Top News·Asia News·Economy

Resilient UAE economy defies headwinds

World Bank forecast the UAE economy to grow by 4.1%, indicating that the expected growth rate is good enough in view of the current difficult global economic conditions….reports Asian Lite News The

March 1, 2023

-Top News·Economy·UAE News

‘India’s growth indicators show signs of re-acceleration’

According to Morgan Stanley, the Indian budget for FY24 was another step in the right direction to crowd in private investment….reports Asian Lite News The Indian economic indicators have started showing re-acceleration

February 28, 2023

Business·Economy·India News

Americans lost $8.8 bn to scams in 2022

Prizes, sweepstakes, lotteries, investment-related scams, and business and job opportunities rounded out the top five fraud categories….reports Asian Lite News The consumers in the US lost nearly $8.8 billion to scams in

February 27, 2023

-Top News·Economy·USA

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