Business News
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Bitcoin slides below $20,000 | The Express Tribune
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[ad_1] WASHINGTON: Bitcoin dropped below $20,000 on Saturday to its weakest in 18 months, extending a slide on investor worries about growing troubles in the industry and the general pullback from riskier assets. The digital currency sector has been pummelled…
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Traders advocate barter trade with Russia | The Express Tribune
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[ad_1] KARACHI: Vegetable and fruit exporters have emphasised that Pakistan has produced a surplus potato crop this year which should be used in barter trade with Russia by importing wheat from the European nation. The All Pakistan Fruit and Vegetable…
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Research funds offered to pharma industry | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Science Foundation (PSF), in collaboration with the Islamabad Chamber of Commerce and Industry (ICCI), has expressed its willingness to fund the research projects of pharmaceutical companies to help them resolve key issues and achieve better growth. PSF…
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US economy has 40% chance of recession | The Express Tribune
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[ad_1] NEW YORK: Bank of America (BofA) Securities economists see roughly a 40% chance of a US recession next year, with inflation remaining persistently high. They expect US gross domestic product (GDP) growth to slow to almost zero by the…
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Education startup aims to promote digital learning | The Express Tribune
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[ad_1] KARACHI: Lahore-based education-technology startup Edkasa has won partnership with popular video platform TikTok and renowned educational institution LUMS to engage Pakistan’s high school students online in preparation for their exams. LUMS would suggest topics and train the teaching faculty,…
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Unilateral actions threaten WTO | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has highlighted that the tendency to ignore a rules-based system and unilateral actions of World Trade Organisation (WTO) members are posing a threat to the multilateral trading system. It also pointed to the lack of implementation of…
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Venezuelan oil exports to Europe set to resume | The Express Tribune
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[ad_1] ROME: A 650,000-barrel cargo of Venezuela’s oil chartered by Italy’s Eni is about to set sail carrying the first export of crude from the US-sanctioned country to Europe in two years, Refinitiv Eikon data showed on Friday. The US…
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Stocks flat on mix of positive, negative news | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange opened the week on a negative note, witnessing a bloodbath over the lack of satisfaction by the International Monetary Fund (IMF) with the federal budget for 2022-23. Owing to this, the market plunged by…
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China’s gasoline exports plunge 45.5% | The Express Tribune
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[ad_1] BEIJING: China’s May gasoline exports fell 45.5% from a year earlier and diesel exports plunged 92.7% despite stalling domestic demand, as companies ran short of export quotas, Chinese customs data showed on Saturday. China exported 840,000 tonnes of gasoline…
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Experts term projections ‘fluid’ | The Express Tribune
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[ad_1] ISLAMABAD: The figures given in the federal budget for fiscal year 2022-23 are extremely fluid and will not remain the same in the final document that will be approved by parliament at the end of current month, said experts…
