Economy
World / Countries / MNCs
The global economy has shown resilience amid turbulence during the past year, including shifting trade policies – yet growth remains subdued and far below pre-pandemic levels, the UN said in a landmark report published on Thursday. more
Shocking! Pakistanis spend two-thirds of their income on food and power—Remittances are now lifeline

A Pakistani government survey has revealed that countrymen are spending two out of every three rupees on just two basic needs — food and electricity.

SoftBank goes all in on OpenAI, takes 11% stake after $22.5 billion infusion

SoftBank Group Corp. on Wednesday said it has completed an additional investment of $22.5 billion in OpenAI on December 26, marking the second closing of its commitment announced earlier ...

World’s top 100 weapons makers hit record $679 billion in 2024

Revenues from sales of arms and military services by the 100 largest arms-producing companies rose by 5.9 per cent in 2024, reaching a record $679 billion, according to new data released ...

Asia on the move: Why millions are being driven out by job crises and failing services

Soaring inflation, fragile job markets and shrinking access to healthcare and education are pushing millions of people in South and South-East Asia onto risky migration paths, the UN huma ...

Why Personal Loans are Gaining Popularity Among Millennials?

Millennials often experience financial challenges that the older generations never even experienced. Rising costs or delayed life milestones create constant money stress. Conventional ban ...

Record-breaking economic meltdown in Gaza — UN issues alarming warning!

The Occupied Palestinian Territory is now in its deepest economic crisis ever recorded, with Gaza suffering an “unprecedented and catastrophic” collapse, according to a new re ...

Global Industry Summit: Leaders assembly in Riyadh to debate tackling challenges

Leaders from across the world are debating how industry can help tackle some of the world’s most urgent challenges – from climate change and food insecurity to the need for fa ...

Wealth gap spirals—UN urges urgent industrial deal for world’s poorest

Ministers and leaders from across the world’s 44 least developed countries have pledged to accelerate industrialisation that benefits all, and strengthen resilience in the face of g ...

Amazon sacks over 1,800 engineers in major layoff

Amazon has announced major layoffs, with engineers bearing the brunt of the cuts, according to reports.