Latest in: Economy
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IMF cuts global growth forecast over Brexit uncertainty
The International Monetary Fund has cut its forecasts for global economic growth this year and next as the unexpected U.K. vote to leave the European Union adds uncertainty to already-fragile business and consumer confidence. “The Brexit...July 21, 2016 776 0 -
US power generation mix to change with focus on cleaner energy
Power generation in the United States will make a shift towards producing cleaner energy that fits into President Barack Obama’s plan to reduce carbon emission. According to a latest report by the Energy Information Agency,...July 4, 2016 979 0 -
Britain votes to leave EU in high-stakes referendum
In a high-stakes decision, Britain voted to leave the European Union, triggering domestic and international uncertainty over what might happen to the western bloc, the continental trade and larger political alliances. The United States had badly...June 24, 2016 843 0 -
As Britain’s EU referendum looms, economic concerns grow
Come Thursday – and a referendum Britain could touch off reverberations all around. Voters will decide whether the United Kingdom remains part of the European Union or quit the powerful trading bloc of multi-speed economies. The...June 20, 2016 800 0 -
As economy grows, Pakistan’s Eid shopping tops $ 10 billion
Lahoris are in a great rush in Ramazan evenings as Eid shopping picks up amidst signs of sustained economic recovery from years of war and stagnation. Be it the upscale market of Liberty or lower middle...June 18, 2016 908 0 -
Pakistan’s economy to expand in years ahead: World Bank
The World Bank says Pakistan will register a 4.5 % GDP growth this year as economic activity picks up in the second largest South Asian economy. Pakistan’s economy – helped by an upbeat macro-economic outlook, low...June 9, 2016 867 0 -
Will IT advancement rescue Pakistani economy?
Saad Hussain, a software prodigy based in Lahore, the IT Capital of Pakistan, sent ripples in world’s software industry by developing a user-friendly app for blackberry phone a couple of years ago, winning acclaim at home...June 8, 2016 907 0 -
DC Council unanimously approves $15 an hour minimum wage
In a major decision, the D.C. Council has unanimously voted to increase the minimum wage from current $ 10.50 to $ 15.00 an hour. The capital now joins several other cities and states including California and...June 8, 2016 745 0 -
Michelle Yeoh campaigns with baby pandas to save wildlife
Film star Michelle Yeoh is playing an altogether different role, away from the glamor and glitter of Hollywood. The UN Goodwill Ambassador has teamed up with two baby pandas to pitch a public-engaging call for achievement of...June 1, 2016 1016 0 -
Hillary Clinton’s stakes in California primary
By late evening on June 7, Hillary Clinton will likely have secured 2323 delegates number to claim Democratic nomination for presidential race, thanks mainly to her expected victory in New Jersey primary, as well as overwhelming support of super...May 29, 2016 1043 0