Economy World

Economic slowdown: China urges push to boost sluggish economy

Economic slowdown: China’s premier has called on the country’s richest provinces to offer economic support to boost pro-growth measures. The country saw consumption and output unexpectedly slow down in July. “A sense of urgency must be strengthened to consolidate the foundation for economic recovery,” Premier Li Keqiang said. An uncompromising zero-Covid approach sharply slowed China’s […]

Economy World

UAE provides 30 tons of food supplies to Afghanistan

DUBAI: Amid the deteriorating humanitarian situation in Afghanistan, the UAE has provided 30 tons of food supplies to the troubled country. The aircraft carrying the food materials arrived in Kabul on Monday. Taliban spokesperson Zabiullah Mujahid said the aid will be distributed to vulnerable people through government institutions, news source reported. Mujahid also called on […]

Business Economy

Russia-Ukraine Conflict: Moody’s Says Global Oil, Natural Gas Prices May See Sharp Rise

Global oil and liquified natural gas (LNG) costs are likely to determine a sharp rise in the event of a Russia-Ukraine conflict, that would have negative implications for net energy importers, Moody’s Investors Service said on Wednesday. Moody’s Investors Service Managing Director Michael Taylor said trade effects are possible to arise from import diversion and […]