Economic recovery
Pakistan's Deputy Prime Minister and Foreign Minister, Senator Ishaq Dar, has marked a significant shift in the nation's international relations and economic recovery during a recent meeting with the Pakistani community in New York. Over the past three years, Pakistan has made substantial strides in diplomacy
Economic recovery
Syrian economic experts have described the US decision to lift economic sanctions on Syria as a crucial step towards the country's economic recovery. The potential benefits of this move depend on the implementation of urgent structural reforms, particularly in the banking and financial sectors. The experts emphasized that
Epidemics
As China intensifies its zero-Covid strategy, the country's efforts to support its struggling property sector have taken a decisive turn. The People's Bank of China (PBoC) made a record-breaking cut to its main mortgage interest rate, lowering the five-year loan prime rate (LPR) from 4.6
Epidemics
China's economic activity declined sharply in April as the country's zero-Covid strategy and subsequent lockdowns posed a significant challenge to its growth prospects. Retail sales dropped 11.1% year on year, far exceeding economists' expectations of a 6.6% fall. Industrial production, a key driver
Epidemics
As consumers become increasingly price-sensitive, Loblaw's efforts to pass on the impact of inflation to shoppers are having a noticeable effect on their buying behaviours. The Toronto-based retailer reported that its internal food inflation is slightly higher than the 4.8-per-cent increase in the Consumer Price Index in
Epidemics
The Italian government, under Prime Minister Mario Draghi, has announced an €8bn energy package to protect consumers, industry, and local authorities from soaring energy prices. The package includes measures to cut energy levies, shield the poorest households and businesses, and support the transition to electric vehicles. Italy's energy
Epidemics
The UK's FTSE 100 property companies, British Land and Landsec, have reported strong results, indicating a turning point in the London office market. The work-from-home trend, which led to a significant decline in office space demand, appears to be losing momentum. More than two-thirds of UK bosses planned
Epidemics
The BC provincial government has introduced a four-step reopening plan, BC's Restart: A plan to bring us back together, to gradually lift COVID-19 restrictions and return to a sense of normalcy. As of July 1, 2021, the province entered Step 3 of the plan, allowing for increased social
Epidemics
Europe's economy is facing fresh threats to its pandemic recovery as energy prices surge at a "tumultuous pace" and bottlenecks in the supply chain dampen growth and slow production, the European Commission said on Thursday. The commission's latest economic forecast reveals that sporadic pandemic-related
Epidemics
Germany's economic growth is expected to slow in the near term due to increasing Covid-19 infections and supply chain problems, according to the German Council of Economic Experts. The council has cut its growth forecast for this year from 3.1 to 2.7 per cent, citing supply-side
Epidemics
The Federal Reserve is set to announce a scaling back of its bond-buying stimulus, a move that indicates the US economy has largely recovered from the COVID-19 recession. However, the Fed's efforts to curb inflation through rate hikes may be complicated by rising prices and slowing growth. Economists
Epidemics
U.S. President Joe Biden unveiled several new steps to strengthen and streamline global supply chains on Sunday, as he convened world leaders at the Group of 20 summit to discuss the bottlenecks hampering the global economy's recovery from the COVID-19 pandemic. The President noted that most citizens
