Business & Economy

Washington, July 26 (AFP/APP): The global economy is facing a worrisome slowdown, but the critical priority for policymakers is to bring raging inflation under control, the IMF’s chief economist said Tuesday. With price surges in major economies approaching 10 percent, central banks must stay the […]

San Francisco, July 26 (AFP/APP):Google-parent Alphabet on Tuesday reported its profit in the recently ended quarter slipped to $16 billion as its long sizzling ad revenue growth cooled. Big tech firms are grappling with multiple problems, from inflation to the war in Ukraine, and results […]

ISLAMABAD, July 26 (Online): A high-level meeting, chaired by Prime Minister Muhammad Shehbaz Sharif in Islamabad on Tuesday, reviewed the current reserves of wheat in the country, potential demand and import tenders. Federal Ministers Miftah Ismail, Syed Naveed Qamar, Tariq Bashir Cheema and senior officials […]

MANILA, Jul 26 (XINHUA/APP): The Philippine central bank on Tuesday ruled out off-cycle monetary policy rate move. “One thing I can say is you can surprise people only once, so there will be no more off-cycle (monetary policy move),” Bangko Sentral ng Pilipinas (BSP) Governor […]

JAKARTA, Jul 26 (XINHUA/APP):Indonesian Trade Minister Zulkifli Hasan inaugurated on Tuesday the first export of Indonesia-produced structure and plate steel to New Zealand. The 3,800 metric tons of steel products worth 4 million U.S. dollars were produced by PT Gunung Raja Paksi (GGRP), a member […]

Brussels, July 26 (AFP/APP):EU ministers debated Tuesday how to reduce gas consumption this winter, an act of solidarity for Germany and a response to Russia’s manipulation of supplies as an economic weapon. The plan, under discussion in Brussels, could see exceptions and carve-outs as European […]

BEIJING, July 26 (Xinhua) APP):China’s manufacturing sector saw an increase in research and development (R&D) investment during the 2012-2021 period, the Ministry of Industry and Information Technology (MIIT) said Tuesday. Investment in the sector’s R&D rose from 0.85 percent in 2012 to 1.54 percent in […]

BEIJING,July 26 (Xinhua/APP): China’s major stock indices ended higher in the morning session Tuesday, with the benchmark Shanghai Composite Index up 0.81 percent at 3,276.71 points. The Shenzhen Component Index gained 1.07 percent to 12,423.02 points at midday. […]

TBILISI, July 26 (Xinhua/APP) –:The following are official foreign exchange rates against Lari released by the National Bank of Georgia, the country’s central bank, on Tuesday. Currency Unit Averaged U.S.dollar 1 2.7917 Euro 1 2.8534 British pound 1 3.3606 Japanese Yen 100 2.0466 Russian Ruble […]

ISLAMABAD, Jul 24 (APP):The business community Sunday hailing the decision of government for trade with Afghanistan in Pak currency viewed that it will further strengthen economic cooperation between two countries besides promising prosperity in the region. Talking to a delegation of industrialists and traders led […]