IMF says Fragmentation Could Cost Global Economy Up To 7 percent of GDP
A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up…
UAE to Become Crypto Hotspot Following New Virtual Asset Regulations
The United Arab Emirates (UAE) is expected to become a hotspot for virtual assets such as non-fungible tokens (NFTs), blockchain,…
Bank of Canada Announces Appointment of Non-Executive Deputy Governor
The Board of Directors of the Bank of Canada on January 16, 2023, announced the appointment of Nicolas Vincent as…
Microsoft to Expand ChatGPT Access as OpenAI Investment Rumors Swirl
Microsoft Corp on January 16, 2023 said it is widening access to hugely popular software from OpenAI, a startup it…
Russia Posts Record Current Account Surplus of $227 billion in 2022
Russia’s current account surplus hit a record high in 2022, the central bank said on January 17, 2023, as a…
Saudi Central Bank Releases Update to Unified Compulsory Motor Insurance Policy
The Saudi Central Bank (SAMA) announced updating the Unified Compulsory Motor Insurance Policy. This comes based on the authority vested…
Germany Says It is No Longer Reliant on Russian Energy
Germany no longer depends on Russian imports for its energy supply, the country’s finance minister has told an international news…
Recessions Risks Knock Stocks, Speculators Drawn Back to Yen
Asian stock markets struggled to make headway on January 19, 2023, after weak US consumer data stoked recession worries and…
SECP Registers 2,374 New Companies in December 2022
The Securities and Exchange Commission of Pakistan (SECP) registered 2,374 new companies in December 2022, according to a January 12,…
Prices of Petroleum Products to Remain Unchanged
Minister for Finance and Revenue Senator Muhammad Ishaq Dar on January 15, 2023 said that the government has decided to…