global
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Govt struggles to secure loans from global lenders | The Express Tribune
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[ad_1] ISLAMABAD: The government faced difficulties in obtaining funds from international partners and lenders during first three quarters of the current financial year mainly because of unresolved issues with the International Monetary Fund (IMF), sources said on Friday. According to…
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Silicon Valley Bank’s collapse sends shockwaves through global banking industry
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[ad_1] The four biggest US banks lost a whopping $52 billion in market value on Thursday. AFP/File SANTA CLARA: US regulators pulled the plug on Silicon Valley Bank on Friday in a spectacular move that sent global banking shares into…
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World Bank cuts 2023 global growth forecast to 1.7%
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[ad_1] In this file photo taken on October 08, 2022, the World Bank headquarters seen from the International Monetary Fund headquarters in Washington, DC. — AFP WASHINGTON: Global growth is slowing “perilously close” to recession, the World Bank said Tuesday,…
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Global oil prices dive amid reduced demand
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[ad_1] Pumpjacks photographed in the Montebello Oil Field in California, on February 23, 2022. — AFP LONDON: Global oil prices plunged Wednesday over China demand concerns and European gas prices sank to their lowest levels since November 2021 as mild…
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‘Global Shield’: Better late than never? | The Express Tribune
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[ad_1] Nine days into COP27, Pakistan’s unremitting efforts for climate justice finally pay off to a certain extent as the country will be among the first to receive “Global Shield” climate funding, a G7-backed scheme announced Monday to compensate climate-vulnerable…
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IMF cuts 2023 global growth, warns major economies to stall
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[ad_1] International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas speaks at a press conference during the World Bank/IMF annual meeting at IMF headquarters in Washington, DC, on October 11, 2022. — AFP WASHINGTON: Global growth is expected to slow further…
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Oil falls on fears of global recession | The Express Tribune
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[ad_1] NEW YORK: Oil prices fell about 2% on Tuesday, extending the previous session’s almost 2% decline, as recession fears and a flare-up in Covid-19 cases in China raised concerns over global demand. World Bank President David Malpass and International…
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WTO chief warns world edging into ‘global recession’
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[ad_1] This file photo taken on April 22, 2022 shows pounds and US dollar banknotes displayed on a table in London. — AFP/File GENEVA: The World Trade Organization’s chief said Tuesday she believes the world is heading towards a global…
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World edging into ‘global recession’ | The Express Tribune
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[ad_1] GENEVA: The world is heading towards a global recession due to multiple colliding crises, said the World Trade Organisation’s (WTO) Chief Ngozi Okonjo-Iweala. Russia’s war in Ukraine, the climate crisis, food price and energy shocks plus the aftermath of…
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India rupee hits record low amid sustained rise in global crude | The Express Tribune
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[ad_1] MUMBAI: The Indian rupee hit a record low against the US dollar on Thursday as the relentless surge in global crude oil prices raised concerns about a sustained rise in imported inflation, while choppy domestic shares also hurt. The partially…
