The European Central Bank (ECB) is expected to raise interest rates by 50 basis points in February and March, and continue to raise rates in the months that follow. This announcement was made by ECB governing council member, clanot, who also expects more steps to follow in May and June. In a separate interview, not…
Pakistan is currently facing a tough economic situation as funds are running low, inflation is skyrocketing and the economy is struggling to stay afloat. Unlike Sri Lanka, Pakistan is reluctant to choose debt restructuring, but it is having a major impact on the country. In the first half of this fiscal year, there has been…
According to recent reports, India’s foreign exchange reserves have seen a significant increase of 10 billion dollars, reaching a total of 572 billion dollars in the week ending January 13th. This marks a five-month high for the country’s Forex reserves, which stood at 561.58 billion dollars the previous week. The Reserve Bank of India (RBI)…
In a recent development, reports have revealed the name of the new Chief of Staff of the White House. According to sources, the U.S President is set to make an announcement soon, and a business executive is reportedly set to take on the position. The news comes after reports claimed that the current White House’s…
Twitter, the social media giant, is facing a major downsizing under the leadership of billionaire Elon Musk. Reports indicate that the company has shed around 80% of its employees, with the head count hovering around 1300 working employees and fewer than 550 full-time engineers. Despite the downsizing, Musk has authorized around 130 people from his…
Iran is facing a new economic crisis as pressure from Western nations and unrest within the country continues to mount. The country’s currency, the Iranian rial, has reached an all-time record low, with the US dollar going past 450,000 rials for the first time. In response to this, the Central Bank of Iran has announced…