global
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Oil prices rise on tight global supply | The Express Tribune
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[ad_1] NEW YORK: Oil prices edged higher on Tuesday, recovering earlier losses, as tight global supply and an expected pick-up in demand during the US summer driving season balanced concerns over a possible recession and China’s Covid-19 curbs. The European…
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Stock markets retreat on weak global growth worries
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[ad_1] — AFP/File LONDON: Stock markets retreated Tuesday on renewed concerns over weak global growth, with a profit warning from the owner of Snapchat spooking investors and further shocking the tech sector. It comes amid concerns over the impact of…
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Global mobile body seeks tax cut | The Express Tribune
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[ad_1] ISLAMABAD: The global mobile industry association, called GSMA, has proposed that the withholding tax on essential telecom services in Pakistan should be brought down from 15% to 8% in the federal budget for 2022-23 in order to improve the…
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Global economic outlook and Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Having made a sound recovery in 2021 from the Covid-19 induced contraction in 2020, most of the major economies on the globe are heading for an awkward combination of rising prices and falling growth rates. This situation together…
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Global firm to tackle infrastructure challenges | The Express Tribune
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[ad_1] ISLAMABAD: CDM Smith USA will contribute to reducing environmental and infrastructure challenges in Pakistan, said CDM Smith Senior Vice President Jeff Montera. During his visit to the Islamabad Chamber of Commerce and Industry (ICCI) on Friday, he said that…
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Indonesia’s palm oil export ban perturbs global buyers | The Express Tribune
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[ad_1] MUMBAI: Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia’s surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia’s invasion of…
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Global tourism to recover from pandemic by 2023 | The Express Tribune
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[ad_1] MANILA: The global travel and tourism sectors are projected to return to pre-pandemic levels in 2023 and grow at a rate that will outpace global gross domestic product (GDP) growth, the World Travel and Tourism Council (WTTC) said on…
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IMF cuts global growth forecast | The Express Tribune
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[ad_1] WASHINGTON: The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now a “clear and present danger” for many countries….
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Global stocks slip, treasury yields rise | The Express Tribune
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[ad_1] NEW YORK: Stock indexes declined and benchmark US Treasury yields rose on Thursday as investors digested hawkish signals from the Federal Reserve, and the US dollar index was flat. Minutes released on Wednesday from the Fed’s March meeting reinforced…
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Russia default would have ‘limited’ global impact: IMF | The Express Tribune
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[ad_1] WASHINGTON: The consequences for the global financial system if Russia cannot pay its foreign debts are likely to be “limited,” a senior IMF official said Tuesday. The United States and its allies have imposed tough financial sanctions on Russia…
