The discontent in the Arab world on the rise because of the increasing unemployment and declining growth rate

The discontent in the Arab world on the rise because of the increasing unemployment and declining growth rate

Washington: The International Monetary Fund (IMF) has warned that the social tensions in the Arabic world are becoming intensifying, in view of the increasing unemployment and the consistently declining growth rates and the discontent is rising in these countries. This warning by the IMF becomes significant against the background of the agitations going on in […]

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More than half the banks in the world will not survive the recession, warns global Consulting firm McKenzie

More than half the banks in the world will not survive the recession, warns global Consulting firm McKenzie

New York: The global consulting firm McKenzie issued a warning that nearly 60% of the banks in the world have failed to get returns on their investments, and these banks will not be able to take the hit of the recession. Against the background of the indications of recession received from around the world, this […]

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Europe at the brink of a new economic crisis, claim economists and analysts

Europe at the brink of a new economic crisis, claim economists and analysts

Brussels/Berlin: Both Germany and the United Kingdom, known to be the mainstays of the European economy are reeling under the shadows of recession. The German economy has fallen by 0.1% in the third quarter of 2019 and has recorded a decrease in demand for industrial production in the last two months. The investments in the […]

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Percentage of USD in the global economy declining

Percentage of USD in the global economy declining

Washington: At a time, when economies like Russia and China are trying to challenge the economic domination of the United States, it has been exposed that USD, the leading reserve currency of the world, is losing its percentage share. The International Monetary Fund (IMF) has announced the information regarding the investments in the reserve currencies […]

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IMF must die, says chief of Russia’s Sberbank

IMF must die, says chief of Russia’s Sberbank

Moscow: “I don’t have much to say about higher audit institutions, but as for international organisations like the IMF, they must die,” said Herman Gref, chief of the Russian Sberbank demanding the IMF be abolished. Last year, some European countries had hinted at initiating efforts to find an alternative to the IMF. Against this backdrop, […]

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NYSE owner ICE launches Bitcoin Futures contract

NYSE owner ICE launches Bitcoin Futures contract

New York: The US company, Intercontinental Exchange (ICE) that owns the New York Stock Exchange (NYSE), which is the largest stock exchange in the world, has launched Bitcoin Futures trading in the cryptocurrency. The first trade on Future’s Exchange started on Sunday at 8.00 pm, US time and the company informed that the first transaction […]

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Debt burden on the US crosses $400 trillion, claims report by a private financial institution

Debt burden on the US crosses $400 trillion, claims report by a private financial institution

Washington: A private financial institution issued a sensational warning that the total debt burden in the US economy is 20 times the Gross Domestic Product (GDP) of the United States and the number has reached nearly $400 trillion. A few months ago, the US treasury department had released information that the national borrowing is to […]

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US-China Trade war-a big blow to the global economy in 2020, warns the International Monetary Fund

US-China Trade war-a big blow to the global economy in 2020, warns the International Monetary Fund

Washington/ Beijing: The ongoing trade war between US-China is no longer a mere threat to the global trade war crisis. The impact of this war on the economy is already visible,’ saying, so the International Monetary Fund has predicted a decline in the global economy next year by 0.8 %. For the second time in […]

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Pakistan lashed by IMF, faces the imposition of heavy fines from World Bank, asked to pay $ 5.9 billion in fines

Pakistan lashed by IMF, faces the imposition of heavy fines from World Bank, asked to pay $ 5.9 billion in fines

Washington/Islamabad: After reprimanded by the International Monetary Fund (IMF) in the last week, there is a new financial crisis that haunts Pakistan. The senior arbitrator from the World Bank has ordered the Pakistan government to deposit a fine of whopping USD 5.975 billion. An international mining company had filed a case with the World Bank, […]

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