The Pakistani Central Bank has warned of medium -term economic risks caused by world trade turmoil and the fluctuation of commodity prices associated with US President Donald Trump’s definitions, even when the main total economy indicators showed an improvement in the first half of the 25 fiscal year. In its semi -annual report on the … Read more
The President of the Swiss National Bank (SNB), Martin Sheliel, rejected the calls of the Central Bank for Bitcoin in his reserves, noting fears of liquidity and severe fluctuations in encrypted currencies. SNB’s rejection of the increasing pressure from the advocates of the cryptocurrency, who argued that bitcoin could be a hedge against global economic … Read more
On December 8, 2024, the streets of Damascus broke out in a mixture of jubilation and uncertainty while Hay’at Tahrir al-Sham (HTS), an Islamist Sunni militia with roots like an al-Qaeda emanation, a regime of Bashar al-Assad after an 11-day offensive. Overnight, the transitional government of Syria, led by Commander of HTS, Ahmed Al-Sharaa, came … Read more
World Bank President Ajay Banga urged policymakers to avoid hasty reactions to policy announcements from the administration of US President Donald Trump. Speaking to Reuters during the Mission 300 Africa Energy Summit in Dar es Salaam, Banga said policymakers should wait to see what policies are implemented and engage with the administration to present their … Read more
The Pakistan Business Council (PBC) has highlighted five critical challenges that the government must address to maintain the economic stability achieved in 2024. In a statement shared on social media platform X, the People’s Bank of China spoke about the country’s economic trajectory and stressed the need for reforms and prudent fiscal policies. The Council … Read more
US authorities are reportedly considering banning TP-Link Technology Co, a Chinese maker of home internet routers, over national security concerns. This development comes in the wake of allegations that TP-Link routers were linked to cyberattacks, according to a report by the TP-Link Foundation. Wall Street Journal. In August, two US lawmakers urged the Biden administration … Read more
Islamabad: Daniel Castro, vice president of the Information Technology and Innovation Foundation (ITIF), warned on Thursday that internet restrictions in Pakistan may provide short-term political advantages but could lead to long-term economic instability. Speaking to a group of journalists during a session organized by the US Embassy in Pakistan, Castro described the country’s approach to … Read more
In her recent remarks, Kristalina Georgieva, Managing Director of the International Monetary Fund, stressed the urgent need for governments around the world to rebuild their fiscal capacity in light of fiscal pressures and increasing economic uncertainty. Speaking at the annual meetings of the International Monetary Fund and World Bank in Washington, D.C., Georgieva noted that … Read more
Kyiv: Russian President Vladimir Putin warned the West on Thursday that letting Ukraine use longer-range weapons to strike targets inside its country would put NATO “at war” with Russia. The stark warning came as U.S. and British officials discussed kyiv’s demand to relax rules on firing Western weapons into Russia, more than two and a … Read more