Tag: Food Inflation
China’s yuan hits 6-month low after policy rate cut, more downside seen
SHANGHAI: The yuan fell to its lowest level against the dollar in six months on Thursday, after China’s central bank cut a key policy rate…
Former Pakistan PM Imran Khan’s defectors form new political party in latest setback
A group of politicians that have quit former Prime Minister Imran Khan’s political party announced a new group, in the latest setback for the leader…
Canada’s PM Justin Trudeau may be struggling but he still commands his party
OTTAWA: Canada‘s Prime Minister Justin Trudeau will kick off what is likely to be the last Liberal Party convention before the next election on Thursday,…
Pakistan’s inflation outpaces Sri Lanka as Asia’s fastest
Pakistan took the crown for Asia’s fastest inflation from Sri Lanka as a weaker currency and rising food and energy costs drove price gains to…
White House to study employer tools that monitor workers
WASHINGTON: The Biden administration plans to study companies’ use of technology to monitor and manage workers, which it said on Monday is becoming increasingly common…
Pakistan approves up to 20% rise in drug prices amid soaring inflation
ISLAMABAD: Pakistan on Friday approved an increase of up to 20% in medicine retail prices, with the rise for essential drugs capped at a maximum…
US economy grew at weak 1.1 per cent rate in Q1 in sign of slowdown
WASHINGTON: The US economy slowed sharply from January through March, decelerating to just a 1.1 per cent annual pace as higher interest rates hammered the…
US economic growth likely slowed in January-March quarter
WASHINGTON: Despite surging interest rates, punishing inflation and global turbulence, the US economy stood firm last year. From employers to consumers, the picture was one…
Francis: Pope Francis plans to visit his native Argentina in 2024, local media reports
BUENOS AIRES: Pope Francis, who has not visited his home country Argentina since he left for the Vatican a decade ago, said he planned to…
Rbi Gives Hdfc Bank Leeway In Loan Norms For Smooth Merger
(This story originally appeared in on Apr 22, 2023) MUMBAI: The RBI has paved the way for the country’s largest banking merger by allowing some…