The International Monetary Fund (IMF) on Thursday warned that continued disruptions from the Iran war are pushing the global economy closer to an “adverse” scenario marked by slower growth, tighter financial conditions and rising inflation risks, AFP reported.Last month, the IMF’s World Economic Outlook projected global growth at 3.1 per cent for 2026 under its…
Finance Minister Muhammad Aurangzeb on Wednesday briefed the visiting International Monetary Fund (IMF) mission on the country’s macroeconomic outlook, fiscal strategy, reform priorities, and the government’s ongoing efforts to ensure sustainable economic stability and long-term growth. The meeting with the visiting IMF mission, led by Mission Chief Iva Petrova, focused on Pakistan’s macroeconomic stabilisation efforts,…
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The key measure of US inflation rises its highest level since May 2023 as consumers feel the impact of the Iran war. Source link
Saudi energy giant posts 25% jump in quarterly profit even as Hormuz blockade chokes global oil supplies Aramco’s President and CEO Amin Nasser at the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, on January 20, 2026. PHOTO: REUTERS The world has lost about 1 billion barrels of oil over the past two…
Craving coffee or a Biscoff cookie at 35,000 feet? If you’re on a short Delta Air Lines flight, you might soon be out of luck. As of May 19, the airline is ending its free snack and beverage service in the economy cabin on flights of less than 350 miles. About 9 percent of Delta’s…
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For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Heineken has revealed plans to invest more than £44 million into improvements for hundreds of its UK pubs. The Dutch…
Read More “Heineken to invest £44.5m in hundreds of pubs creating 850 jobs” »
The US dollar was set for a second straight day of losses against the Japanese yen on Friday after Japan was reported to have intervened in currency markets to support its weakening currency, Reuters reported.The greenback was on course for its sharpest weekly fall versus the yen since early February, down about 1.7 per cent…
The federal government on Thursday raised the price of petrol by Rs6.51 per litre and that of high-speed diesel (HSD) by Rs19.39 per litre, according to a notification issued by the Petroleum Division. The new prices will be effective from May 1, 2026, read the notification. Following the increase, the price of petrol has jumped…
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The BBC takes a look in charts at what the UAE’s departure could mean for the oil cartel and more widely. Source link
State Bank of Pakistan. Photo: File In a move that defied market expectations, the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) announced a sharp 100 basis point increase in the policy rate, raising it to 11.5%, effective April 28, 2026. The decision, revealed after the MPC meeting held earlier today, caught analysts off…
Read More “SBP raises monetary policy rate by 100bps to 11.5% | The Express Tribune” »
