Economy - Asian News from UK

Pandemic still Threatens Economy

US Federal Reserve Chair Jerome Powell has said the Covid-19 pandemic continues to pose risks to the US economic outlook as the pace of vaccination has slowed. “Progress on vaccinations has limited

June 22, 2021

-Top News·Business·Economy·Finance

US Fed keeps interest rates near zero

The Fed noted that the sectors most adversely affected by the pandemic “remain weak but have shown improvement”….reports Asian Lite News The Federal Reserve kept its benchmark interest rates unchanged at the

June 17, 2021

Economy·USA

Bigot reminds India of payment shortfalls for ITER reactor

However, India has achieved a key milestone supplying the crucial cryostat, the equipment commitment, on which it has been performing well, for the fusion reactor ITER in southern France, reports Vishal Gulati

June 16, 2021

-Top News·Business·Economy

Retail inflation zooms to over 6% in May

According to the data furnished by the National Statistical Office, the CPI rose to 6.30 per cent last month from 4.23 per cent in April, reports Asian Lite News Exponential rise in

June 15, 2021

-Top News·Business·Economy

Villagers facing widening income inequality in China

China has an urban population of roughly 900 million while another 500 million live in rural areas…reports Asian Lite News Beijing’s push to modernise rural areas of China claiming to improving lives

June 15, 2021

-Top News·China·Economy

‘India’s pharma sector sees huge growth in May’

The ratings agency opined that the 47.8 per cent YoY growth in India’s pharmaceutical market (IPM) during May 2021 was led by a low base effect….reports Asian Lite News Low base effect

June 13, 2021

Business·Economy·India News

Byju’s becomes most valued Indian startup

The funding round values the company at around $16.5 billion post-money with investors like Intel Capital, Sapphire Ventures and Alibaba Group. …reports Sanjeev Sharma Edtech company Byju’s is now India’s most valuable

June 13, 2021

Business·Economy

India must leverage its maritime position to spur a blue economy

As India prepares for a post Covid phase with a focus on economic revival, reliance on the blue economy, which has not been leveraged fully, will inevitably be amplified, reports Mahua Venkatesh

June 12, 2021

-Top News·Economy·India News

Saving accounts in banks drew AED9.77 bn in 4 months

The new liquidity brings to AED199 bn the cumulative balance of saving accounts in the UAE by the end of April, from AED189.229 bn by December 2020….reports Asian Lite News Reflecting an

June 9, 2021

-Top News·Economy·UAE News

OPEC Fund extends $10mn loan to Bank of Maldives

According to the Fund, the loan will be used for on-lending to small- and medium-sized enterprises (SMEs) engaged in tourism and related services…reports Asian Lite News The OPEC Fund for International Development

June 8, 2021

Economy·UAE News

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