Search For "crisis"
China fails to provide stimulus to the plummeting economy
Updated : 3 years, 6 months ago IST
Beijing [China], September 16 (ANI): In the backdrop of the plummeting property market and continuing COVID lockdowns which have hurt the country's business sector immensely, China's intention to not provide help to citizens economically by giving out economic stimuli such as subsidies is un
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Even friendly countries now look at Pakistan as country with "begging bowl
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 16 (ANI): True picture of Pakistan's devastating economic state now lay bare as the country's Prime Minister Shehbaz Sharif expressed regret that even friendly countries has now started looking at Pakistan as a country that was always begging for money, media
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Pakistan: Data reveals corruption in delivery of foreign aid to flood vict
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 15 (ANI): Amid the reeling crisis in Pakistan due to floods, United Nations Resident and Humanitarian Coordinator Julien Harneis on Wednesday said that out of USD 150 million in foreign assistance received by the South-Asian country, only USD 38.35 million amo
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Sri Lanka's economy shrinks 8.4 pc in second quarter amid financial crisis
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 15 (ANI): Sri Lanka's economy contracted 8.4 per cent in the April to June quarter compared with the same period a year ago, according to data from the government statistics department on Thursday, amid concerns over the country's ongoing financial situation.
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Afghanistan to get GBP 24 million aid from UK amid ongoing humanitarian cr
Updated : 3 years, 6 months ago IST
Kabul [Afghanistan], September 15 (ANI): In order to help Afghanistan tackle the ongoing humanitarian crisis, UK's Foreign, Commonwealth and Development Office (FCDO) has contributed an additional GBP 24 million towards UNICEF's USD 2 billion Humanitarian Action for Children appeal for Afgha
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Flood-ravaged Pakistan rejects Bangladesh's aid offer
Updated : 3 years, 6 months ago IST
Dhaka [Bangladesh], September 15 (ANI): Pakistan has rejected Bangladesh's offer to supply humanitarian aid worth 14 million takas after the recent floods and heavy monsoons in the country dampened the hope of a quick revival from the economic crisis.
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US announces to release parts of frozen money of Afghanistan for humanitar
Updated : 3 years, 6 months ago IST
Washington [US], September 15 (ANI): The United States on Wednesday announced to release USD 3.5 billion of the total USD 7 billion frozen money of Afghanistan to the new "Afghan Fund" for humanitarian aid.
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Fitch slashes global growth forecast, sees "mild" recession in US in mid-2
Updated : 3 years, 6 months ago IST
New Delhi [India], September 15 (ANI): The European gas crisis, high inflation and the pace of global monetary policy tightening are taking a heavy toll on economic prospects, rating agency Fitch Ratings' September 2022 Global Economic Outlook (GEO) said. European wholesale gas and electrici
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China's drought threatens raise in carbon taxes
Updated : 3 years, 6 months ago IST
Beijing [China], September 14 (ANI): The drought in southwestern China has also had ripple effects for global businesses as companies could also face new costs from carbon taxes when shipping goods across borders, as well as higher transport costs for moving products by sea or air, according
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Pakistan's economy continues to sink despite international support
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 14 (ANI): Despite support from Saudi Arabia and International Monetary Funds (IMF), Pakistan is on the verge of economic collapse with a lack of funds.
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IMF bailout discussion on Sri Lanka debt restructuring still on lower pede
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 13 (ANI): Sri Lanka has reached an agreement with the International Monetary Funds (IMF) regarding debt restructuring which will start only after all Sri Lankan creditors agree to restructure their existing loans to the island nation. On the other hand, while C
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Government working as fine as before: Jharkhand minister Oraon
Updated : 3 years, 6 months ago IST
Ranchi (Jharkhand) [India], September 12 (ANI): Jharkhand Finance Minister Dr Rameshwar Oraon said on Monday that the government is working as smoothly as it was prior to the speculation over the Election Commission of India's (ECI) opinion regarding CM Hemant Soren's disqualification as an
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