Bangladesh has spent an estimated US$4.1 billion in additional costs since late February to cushion the impact of a global energy crisis, placing mounting pressure on Prime Minister Tarique Rahman’s plans to
India’s aspiring middle class is grappling with an unprecedented wave of personal debt, as years of aggressive retail lending and rising living costs converge into a national financial crisis, according to a
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Argentina announced on Thursday that it has reached an agreement with the International Monetary Fund (IMF) for a $20 billion loan aimed at replenishing the country’s central bank reserves, marking a key
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The Maldives is facing an escalating debt crisis, with dwindling foreign exchange reserves and mounting debt repayments threatening the nation’s economic stability, according to a report by ANI. The financial distress of
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India’s economic rise was expected to uplift millions, but for rural women, it has created an era of silent struggle. As men migrate to distant cities in search of work, their wives
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BlackRock, the world’s largest asset manager, has canceled meetings with companies engaged in shareholder battles following new guidance from the U.S. Securities and Exchange Commission (SEC), the Financial Times (FT) reports. The
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China’s holdings of US Treasury bonds have fallen to their lowest level since 2009, as Beijing continues to diversify its foreign reserves and shift assets into lower-profile accounts. According to data published
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In a significant move to reinvigorate China’s private business landscape, President Xi Jinping met with some of the country’s leading entrepreneurs on Monday in Beijing. The meeting, aimed at stimulating the economy,
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Indonesia’s rapidly shrinking middle class is creating ripples across the economy, as businesses struggle to adjust to shifts in consumer spending habits. Pizza Hut Indonesia, operated by Sarimelati Kencana, has felt the
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The United States’ gold reserves, famously stored at Fort Knox, have been an enigma for decades. The last official audit took place in 1974, yet much remains shrouded in secrecy. This lack
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In an interview with PTI, Finance Minister Nirmala Sitharaman elaborated on the highlights of the 2024 budget and the thought process behind it. The interview, conducted by PTI’s Editor-in-Chief Vijay Joshi, touched
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Deutsche Bank’s profits have plummeted by 92% in the fourth quarter of 2024, a result that has prompted CEO Christian Sewing to signal potential restructuring moves. As reported by the Financial Times,
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HSBC has announced plans to wind down significant parts of its investment banking operations in the UK, Europe, and the Americas, marking a major shift in the bank’s strategy under new CEO
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The Financial Times reports that the World Economic Forum (WEF) in Davos this year is pivoting toward dealmaking, deregulation, and growth, with a sharp focus on adapting to Donald Trump’s second term
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Editorial SriLankan Airlines’ 45-year saga, spanning its inception under Air Lanka’s livery in 1979, paints a portrait of both resilience and ruin. Born amidst the heady euphoria of JR Jayewardene’s landslide victory,
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Male, 23 August 2024 – In a historic first, the Maldives has reported that its usable dollar reserves have run out, according to Adhadhu, a local media outlet. This alarming development follows
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