Argentina president announces new debt deal with IMF

Buenos Aires, Jan 28 (AFP/APP): Argentine President Alberto Fernandez unveiled what he called a “reasonable” new debt repayment deal with the International Monetary Fund on Friday, the day a $700-million repayment was due. The South American country was due this year to pay back $19 […]

Human Capital Development is the Cornerstone of Pakistan’s Growth and Development Strategy: World Economic Forum Positive Rating on Pakistan’s Economic Development

Islamabad (PNI) Pakistan shows global leadership in initiating programs for poverty alleviation, universal Health Delivery services, environmental protection, improving human capital and curbing corruption, indicates the World Economic Forum data. The World Economic Forum Shares its Executive Opinion data with the country partner institute, Mishal […]

Spain economy grows by 5% in 2021: statistics institute

Madrid, Jan 28 (AFP/APP): Spain’s economy grew by 5.0 percent in 2021, showing a remarkable bounce back from a year earlier but below the government’s target, an initial estimate by the National Statistics Institute showed Friday.   The government had expected gross domestic product (GDP) […]

Brexit hurt EU-UK trade

Paris, Jan 27 (AFP/APP):If trade between Britain and the EU didn’t seize up after Brexit, the volume of commercial exchanges was considerably lower last year in comparison with 2019, the French economy ministry said Thursday. Over the first 10 months of last year, European Union […]

Major Australian energy firm Woodside announces Myanmar pullout

Sydney, Jan 27 (AFP/APP):Australian energy firm Woodside announced its withdrawal from junta-run Myanmar on Thursday, the latest company to head for the exit following a military coup last year. “Woodside has decided to withdraw from its interests in Myanmar,” the company said in a statement […]

Boeing reports another loss due to 787 woes

New York, United States, Jan 26 (AFP/APP):Boeing reported a hefty fourth-quarter loss Wednesday as mounting costs connected to the widebody 787’s woes more than offset a boost from the comeback of the 737 MAX after a lengthy grounding. The US aviation giant reported a total […]

Brent oil price tops $90 for first time since 2014

London, Jan 26 (AFP/APP): Brent oil on Wednesday surpassed $90 per barrel to strike the highest level for more than seven years, rattled by geopolitical tensions in Ukraine and supply concerns in the Middle East. European benchmark Brent North Sea crude rallied as high as […]

South Korea sees 11-year-high GDP growth rate

ISTANBUL, Jan 26 (AA/APP):South Korea’s economy grew 4% in 2021 on a yearly basis, which is the largest gross domestic product (GDP) growth rate since 2010. According to the Bank of Korea’s figures, the country’s GDP grew 4.1% in the last quarter of 2021 on […]