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An Eleventh-hour negotiations between Pakistan and the International Monetary Fund (IMF) have failed to unlock $1.1bn in crucial funds aimed at preventing the country from going bankrupt. A deepening economic crisis has all but emptied Pakistan’s foreign exchange reserves, leaving it barely enough dollars to cover a month of imports and it is struggling to …
Pakistan IMF Deal: Crucial bailout deal eludes negotiators Read More »
President Joe Biden starkly warned he will protect America against Chinese threats to its sovereignty and singled out President Xi Jinping – a striking escalation of a suspected spy balloon showdown during his State of the Union address. Biden called out Beijing on Tuesday before millions of viewers in the US and around the world as diplomatic tensions with China soar …
The funding comes under a new programme which aims to help vulnerable middle-income countries and island states. The International Monetary Fund’s (IMF) executive board has approved a support programme for Bangladesh worth $4.7bn at current exchange rates, making the South Asian country the first to access its new Resilience and Sustainability Facility (RSF). The funding …
Like it – or not – it has been three years since the UK left the European Union. Since then there has been a pandemic, swiftly followed by an energy crisis. That has made it hard to decipher exactly what the impact of Brexit has been. The latest data suggest a hit to the economy …
Microsoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry. It will affect up to 5% of its global workforce and cost the business $1.2bn (£972m) in severance and reorganisation costs. Microsoft chief executive Satya Nadella said that while customer spending had grown during Covid, more people were …
BREAKING NEWS: Microsoft to cut 10,000 jobs as spending slows Read More »
