economic
- Technology
SoftBank posts massive $23.4 bn net loss, 2nd straight quarter in red
Tokyo: Japanese investment major SoftBank Group on Monday posted a huge $23.4 billion loss in the April-June quarter, as tech stocks continued to get hammered in the economic downturn. The Masayoshi Son-led…
- Business
Odisha govt approves 11 investment proposals of Rs 2,253cr
Bhubaneswar: The Odisha government has approved 11 investment proposals worth Rs 2,253.15 crore which will create employment opportunities for 3,817 people, officials said on Thursday. The state level single window clearance authority…
- Pakistan
Imran slams Pak govt over prevailing economic crisis
Islamabad: Former Prime Minister and Chairman of Pakistan Tehreek-e-Insaf (PTI), Imran Khan, has slammed the ruling government under Prime Minister Shehbaz Sharif for failing to tackle the prevailing economic crisis in the…
- World
China’s economic growth plunges to mere 0.4% in Q2, lowest in 2 yrs
Beijing: China, which is the world’s second-largest economy, saw its growth plummeting to a mere 0.4 per cent in the second quarter (Q2) compared to the same period last year, the National…
- Business
Sri Lanka warns public not to use cryptocurrencies amid economic upheaval
Colombo: The Central Bank of Sri Lanka has warned the public from using cryptocurrencies amid the grave economic crisis in the country, saying that this market is “largely unregulated”. The bank, CBSL,…
- India
India ranks low at 135th globally for gender parity; worst for health & survival: WEF
New Delhi: India was on Wednesday ranked low at 135th place in terms of gender parity, despite an improvement of five places since last year on better performance in areas of economic…
- Technology
Stablecoins not stable, have ‘no role’ as money, warns top banker
New Delhi: As cryptocurrencies get hammered in the economic meltdown, stablecoins — whose value is pegged to another asset like a fiat currency or a commodity — are also bad investments and…
- Technology
Coinbase lays off 18% of its workforce
New Delhi: Leading crypto exchange Coinbase has announced that it is laying off 18 per cent of its workforce, or about 1,100 jobs amid the economic downturn. Brian Armstrong, CEO and co-founder…
- India
Nitish questions UPA’s 2011 socio-economic and caste census
Patna: Bihar Chief Minister Nitish Kumar on Monday raised questions on the socio-economic and caste census conducted by the then UPA government in 2010-11. He said that the census report was never…
- Business
iPhone maker Foxconn foresees recovery amid global uncertainties
Taipei: Leading iPhone manufacturer Foxconn on Tuesday said that despite the global macro-economic factors affecting businesses worldwide, it will have a better than expected full-year performance as supply chain improves in China…
- Telangana
Economic crisis in Telangana deepens, salaries not likely on time: Uttam
Hyderabad: Congress MP N Uttam Kumar Reddy on Monday said the TRS government is on the verge of a major financial crisis due to which it may not be able to pay…
- Opinions
Justice must prevail to ensure social and economic development
Dr Mohammad Manzoor Alam The development of any society and country depends on the delivery of justice. Social justice, harmony in society and the prevention of riots guarantee the progress and growth…
- Middle East
Israel to reopen main crossing point with Gaza to boost economy
Tel Aviv: Israel on Tuesday decided to reopen the Erez crossing point on the northern tip of the Gaza Strip after economic losses in the impoverished coastal enclave had piled up. “After…
- World
West’s ‘economic blitzkrieg’ against Russia fails: Putin
Moscow: Western countries’ “economic blitzkrieg” strategy against Russia has failed, President Vladimir Putin has said at a government meeting on economic issues. The main negative factor for the Russian economy in recent…
- India
BJP conspiring to divert attention from economic disaster: Mamata
Kolkata: The ruling BJP is resorting to various conspiracies to divert attention from the economic crisis in the country, West Bengal Chief Minister Mamata Banerjee said on Monday. “The price of petrol…
