economic
- Business
Uber rival Lyft freezes all hirings amid economic instability
San Francisco: Ride-hailing platform Lyft has announced to freeze all hirings amid the economic instability and recession fears. The freeze affects all Lyft departments in the US and will last into next…
- World
Sri Lanka present economic woes, debt structuring plans to creditors
Colombo: Sri Lanka will on Friday present its economic woes, debt restructuring plans and a deal that it struck with the International Monetary Fund (IMF) to external creditors in an attempt to…
- World
Sri Lanka parliament passes 2022 interim budget amid economic crisis
Colombo: Sri Lanka’s Parliament passed the interim budget presented by President Ranil Wickremesinghe for 2022 on Friday, a day after the IMF announced it will provide a loan of about USD 2.9…
- World
Major US carrier Aha Airlines going bust in post-pandemic situation
New York: Majority of airlines in the US are struggling in a post-pandemic inflationary economic climate, even though they gained an uptick in 2021, well into the coronavirus times. Countless flight delays…
- Technology
Crypto scam revenue slips 65% amid economic downturn
New Delhi: As the global downturn continues, the crypto scam revenue for 2022 also dropped 65 per cent at $1.6 billion this year, lower than where it was through the end of…
- 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…