According to data from the international monetary fund, India has now reportedly overtaken the United Kingdom to become the fifth-largest economy in the world. in the last quarter of the year 2021 and this was according to the GDP figures in nominal terms. Now the IMF has also predicted that India could beat Germany to […]
An analysis of the WSJ WALL STREET JOURNAL, Voters Report shows a worsening economy hit in the U.S. in 2023. Voters explain that inflation or financial crises badly strikes the economy nowadays. While the majority of reporters still agree on the point of having financial strain in 2023. 2% of voters said that this inflation […]
The US Federal Reserve is reportedly considering additional interest rate hikes in response to ongoing uncertainty in the banking sector. The central bank is said to be concerned about the potential risks posed by rising inflation and a rapidly changing regulatory environment. According to a report by the Wall Street Journal, the Federal Reserve is […]
The Australian Prudential Regulation Authority (APRA) has reportedly requested risk reports from banks regarding their dealings with startups and cryptocurrencies. The regulator is said to be concerned about the potential risks associated with these emerging industries, including money laundering, cybersecurity threats, and reputational risks. The regulator is specifically interested in the risk management practices of […]
First International Bank has presented financial statements that show growth across all areas of its core operation. In 2022, credit to the public increased by 14.7% to NIS 117,156 million, with business credit growing by 22.7% and credit to households and residential loans growing by 7.6%. Net deposits by the public grew by 9.7% to […]
The Swiss government has ordered Credit Suisse to temporarily suspend bonuses for its employees following a plan for the bank to be taken over by rival UBS. The move comes as authorities in Switzerland rushed to finalize a $3.25 billion sale of Credit Suisse to UBS after an outflow of deposits and years of trouble […]
Switzerland’s political leaders were in a state of emergency on Sunday as they scrambled to rescue Credit Suisse, the nation’s second-largest bank, from a potential financial collapse. The bank had been facing mounting pressure in recent weeks following the revelation of its involvement in a number of risky investment deals. Despite the public reassurances from […]
The evee C1 electric scooter, which has gained immense popularity since its launch, is currently on display for the general public. This fully-indigenous two-wheeler has caught the attention of many, and its display event is set to do the same. The event is taking place today from 11:30 AM to 06:00 PM at Haseeb Corporation, […]
The pharmaceutical industry in Pakistan has warned of an impending crisis due to a shortage of life-saving medicines as importers face heavy losses, caused by the volatile exchange rate between the Pakistani Rupee (PKR) and the US dollar. In a letter addressed to the Drugs Regulatory Authority of Pakistan (DRAP), the Pakistan Chemists and Druggists […]
Microsoft is planning to launch its own play store for iOS devices, such as the iPhone and iPad, by March 2024. This move comes in response to the European Union’s Digital Markets Act, which will allow all independent game developers to launch their own app stores. Microsoft’s play store is expected to include all the […]
David Roche, president of Independent Strategy, has stated that China’s economy will need to recalibrate due to a “fractured” global order, with new drivers of growth that are likely to disappoint global markets. The Chinese government recently announced a target of around 5% GDP growth in 2023, which is the country’s lowest in more than […]
First Republic Bank’s shares soared more than 20% in Tuesday’s pre-market trading, leading a rally in regional bank shares. The surge comes after a recent speech by Treasury Secretary Janet Yellen, in which she indicated that the government could backstop deposits at more banks if there was a risk of contagion. Investors had been worried […]