Economic downturn hits China’s global standing
China meets its 5.2% 2023 growth target, but sees a first-in-30-years drop in dollar-denominated GDP, signaling economic slowdown....
Tag : global economy
Gold prices rally amid U.S. dollar decline and economic data anticipation
In recent Asian trading sessions, gold has witnessed a noticeable uptick, rebounding from its most significant weekly decline since June. This surge is primarily attributed...
Arab Monetary Fund highlights $32 billion credit card fraud menace
An alarming rise in credit card fraud, costing the world economy a staggering $32.3 billion in 2021, has been spotlighted in a new report by...
China grapples with deflation as global concerns mount
China’s economic landscape is undergoing a seismic shift as it witnesses deflation for the first time since early 2021. Official data reveals a 0.3% decline...
Egypt and India’s strategic symbiosis marking a new era in diplomacy
Egyptian President Abdel Fattah El-Sisi welcomed India’s Prime Minister, Narendra Modi, in a historic meeting at the Ittihadia Palace in Egypt today. This event marked PM...
PM Modi’s progressive policies bolster India-US tech collaboration
In a move that underlines the strengthening of India-US relations, New Delhi and Washington are set to host the inaugural meeting of the Strategic Trade...
US default threatens global crisis as $31.46 trillion debt deadline looms
The United States is facing a potential global economic crisis as it approaches a catastrophic default on its $31.46 trillion debt, according to US Treasury...
World Bank and IMF leaders to discuss global economic challenges at 2023 spring meetings
World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva will launch the 2023 Spring Meetings in Washington, D.C. with a discussion on...