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Latest Articles in World

Bangladesh Requests Loan From IMF; Economists Say 'Reforms In Financial Sector' Needed

Bangladesh has formally requested for a USD 4.5 billion loan from the Washington-based multilateral lender IMF to combat the ongoing financial crisis in the country, according to a media report

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Pakistan Raises Power Prices Amid Energy Crisis Despite Rampant Inflation

Pakistan on Tuesday raised electricity prices to match rising generation costs amid a global energy crisis and a heatwave, even as the country grapples with its highest inflation in over a decade, the power minister said

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IMF Cuts Global Growth Forecasts, Warns High Inflation Threatens Recession

Global real GDP growth will slow to 3.2 per cent in 2022 from a forecast of 3.6 per cent issued in April, the IMF said in an update of its World Economic Outlook. It added that world GDP actually contracted in the second quarter due to downturns in China and Russia

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UK Prime Minister Hopefuls Feud Over Tax & Spending Plans

The final two candidates in the race to succeed British Prime Minister Boris Johnson clashed on Monday in a televised debate, during which they tore into each other's tax and spending plans

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Sri Lanka To Restrict Fuel Imports For Next 12 Months

Sri Lanka will restrict fuel imports for the next 12 months because of a severe shortage of foreign exchange, its energy minister said on Monday, as the island nation’s new government seeks to find a way out of a crippling economic crisis

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UNRWA Lauds India's Continued Support To Palestinian Refugees

UNRWA is facing increased demand for services resulting from a growth in the number of registered Palestine refugees, the extent of their vulnerability and their deepening poverty

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Consumer IT Spending Slides Down With Ongoing Economic Slowdown

A new report from IDC forecasts that consumer spending in the Asia-Pacific region is already feeling the pinch in tight market conditions and will continue to decline in 2023

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Gold: Most Stable Savings Instrument

Despite gold not being tied to currency, countries across the world continue to hold reserves of gold as a hedge against hyperinflation and economic calamities

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Global Slowdown Fears Darken As Cost Of Living Bites

The global economy looks increasingly likely to be heading into a serious slowdown, just as central banks aggressively reverse ultra-loose monetary policy adopted during the pandemic to support growth, data showed on Friday

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China Belt & Road Spending Dips In H1, With No Investment In Russia

China's finance and investment spending in Belt and Road countries fell slightly in the first half compared to a year earlier, with no new coal projects and investments in Russia, Egypt and Sri Lanka falling to zero, new research showed

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China's Population May Start Shrinking Before 2025

China's population has slowed significantly and is expected to start to shrink ahead of 2025, the state backed Global Times reported, citing a senior health official

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China Launches 1st Lab Module Of Its Under-Construction Space Station

The new module will function both as a backup of the core module and as a powerful scientific experiment platform

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Will Send Illegal Migrants To Rwanda: Rishi Sunak

The 42-year-old British-Indian former Chancellor laid out a 10-point plan to secure the UK’s borders if he wins in the Tory members’ postal ballot, the results of which will be known on September 5

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North Korea Denounces US Over Washington's Remarks On Cryptocurrency Stealing

A Foreign Ministry spokesperson said that branding North Korea as a "group of criminals" revealed the true nature of Washington's hostile policy towards North Korea

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Sri Lankan Prez Likely To Expand His Cabinet

Wickremesinghe appointed an 18-member Cabinet that included Prime Minister Dinesh Gunawardena

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