Economy - Asian News from UK

Layoffs finally hit giants

Cloud major Oracle recently considered laying off thousands of workers to save up to $1 billion in cost-cutting measures…reports Asian Lite News The economic meltdown has reached Big Tech and Satya Nadella-run

July 14, 2022

Business·Economy

Euro falls to parity with USD, hitting 20-year low

The euro continued to fall from Tuesday morning and traded at par with the U.S. dollar in a short-term in intraday trading…reports Asian Lite News For the first time in two decades,

July 13, 2022

-Top News·Economy·Europe

RBI sets up rupee settlement system for int’l trade

The central bank said the measure is taken to promote growth of global trade with emphasis on exports from India…reports Asian Lite News The Reserve Bank of India (RBI) on Monday announced

July 12, 2022

Business·Economy·India News

Sri Lankan PM Wickremesinghe resigns

Speaker Mahinda Yapa Abeywardena will take over as President until all-party govt is formed, reports Asian Lite News Sri Lanka Prime Minister Ranil Wickremesinghe has announced that he will resign from his

July 9, 2022

-Top News·Economy·Sri Lanka

US will narrowly avoid recession: IMF chief

IMF chief Kristalina Georgieva highlighted “significant downside risks” this year and especially in 2023, reports Asian Lite News International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that there is “a narrowing

June 25, 2022

-Top News·Economy·USA

UAE receives 41%of FDI projects attracted by Arab countries in two decades

The United Arab Emirates has received a 41 percent share of foreign direct investment projects Arab countries attracted between 2003 and 2021…reports Asian Lite News According to the Arab Investment Export Credit

June 24, 2022

Economy·UAE News

HSBC-Saudi Exchange summit hails Saudi capital market growth

It was attended by more than 130 individuals representing some of the biggest institutional investors, as well as more than 20 listed companies…reports Asian Lite News The success of recent IPO listings

June 23, 2022

Economy·Saudi Arabia·UAE News

‘Blockchain-based DeFi platforms need scrutiny’

Celsius operates in much the same way as a bank, but rather than in fiat money it does so in cryptocurrency. It collects deposits and then loans them out…reports Asian Lite News

June 14, 2022

Business·Economy

As inflation spikes, RBI raises repo rate

The RBI raised its key interest rate by 50 basis points on Wednesday, and raised its inflation projection to above target for this year…reports Asian Lite News The Reserve Bank of India

June 8, 2022

-Top News·Economy·India News

‘GCC digital economy expanding rapidly’

The digital economy is growing six times as fast as its traditional counterpart. China and the United States are presently in a commanding position within the digital economy because of their tech

June 1, 2022

Business·Economy

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