News
Warsh takes over Fed with a policy problem already in view
12+ hour, 23+ min ago (603+ words) Kevin Warsh, whose broad criticism of current US Federal Reserve officials, playbook for rate cuts and ties to President Donald Trump elevated him past other contenders to lead the central bank, "will be sworn in as Fed leader Friday at…...
Pakistan's budget must prioritise development over stabilisation: experts
2+ day, 9+ hour ago (247+ words) Pakistan's upcoming federal budget must shift its focus from short-term stabilisation to long-term economic development " boosting exports, ensuring food security, attracting investment, and reducing inequality " or risk deepening the country's structural economic crisis, experts said on Tuesday. Dr Zafar ul…...
UK employers cut hiring and post fewer jobs under shadow of Iran war
3+ day, 13+ hour ago (619+ words) Britain's employers "reined in their hiring and posted fewer job vacancies in April, according to data on Tuesday, which showed the impact of the Iran war on "the economy and prompted investors to cut their bets on Bank of England…...
The return of bond vigilantes
1+ week, 15+ hour ago (157+ words) Bond markets are beginning to sound like they have finally run out of patience. British long-dated gilt yields recently touched their highest levels since 1998, US Treasury yields remain elevated despite repeated hopes of monetary easing, and investors are once again…...
Gold prices plunge in local, global markets
1+ week, 15+ hour ago (104+ words) Aaj English TV Don't Miss the Latest News Subscribing is the best way to get our best stories immediately. Gold prices witnessed a sharp decline in both local and international markets, with the price of gold in Pakistan dropping by…...
World Bank forecasts Vietnam 2026 economic growth to slow to 6. 8%
1+ week, 20+ hour ago (196+ words) Vietnam's economic growth is expected to slow to 6. 8% this "year from an expansion of 8% last "year, the World Bank said on Friday. The country's outlook remains solid, but risks remain elevated in the "near term, the bank said in a…...
India raises retail fuel prices for first time since Iran war started
1+ week, 19+ hour ago (620+ words) India's state-run fuel "retailers have raised petrol and diesel prices for the first time in four years by 3 rupees ($0. 03) per litre, or more than 3%, "according to dealers, to recoup some of the losses incurred due to higher global crude oil…...
World Bank forecasts Vietnam 2026 economic growth to slow to 6. 8% - Business & Economy
1+ week, 20+ hour ago (196+ words) Vietnam's economic growth is expected to slow to 6. 8% this "year from an expansion of 8% last "year, the World Bank said on Friday. The country's outlook remains solid, but risks remain elevated in the "near term, the bank said in a…...
Worst since 2022: US wholesale inflation explodes to 6% as Iran war blocks vital strait
1+ week, 2+ day ago (305+ words) Wholesale prices in the United States rose sharply in April, pushed by a surge in energy costs related to the Iran war, registering their highest 12-month increase in more than three years. The Producer Price Index (PPI) rose 6. 0 per cent…...
Pakistan economy expands to $452bn as GDP growth hits 3. 99% in Q3
1+ week, 2+ day ago (330+ words) Pakistan's economy grew by 3. 99% year-on-year in the third quarter of fiscal year 2025-26, driven largely by strong industrial performance, according to data released by the National Accounts Committee (NAC) on Wednesday. Figures compiled by the Pakistan Bureau of Statistics showed that…...