Economy
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Pakistan Seals Afghan Border, Halts Trade and Travel
The indefinite closure of all border crossings between Pakistan and Afghanistan is already sending shockwaves through the region.…
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Mariupol Population Plunges to 120,000, Industry Ruined
Mariupol’s population has collapsed from 425,681 in January 2022 to roughly 120,000. That is the figure Ukrainian authorities…
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Pakistan’s Economy Reels as Inflation Hits 29% and Debt Costs Soar
Pakistan enters its new fiscal year burdened by the hardships of the previous one, according to the Economic…
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Lebanese liquidity crisis deepens amid pandemic, port blast, and Ukraine war
The Lebanese liquidity crisis, which became fully apparent in August 2019, continues to affect the country, with the…
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EU faces big subsidy rift before facing US
In the small Swedish town of Kiruna, concerns are growing about the potential impact of the European Union’s…
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EU faces big subsidy rift before facing US
European Union leaders are heading into a February 9-10 summit in Brussels with a deep internal rift over…
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EU Pledges €10 Billion for ASEAN Infrastructure on 45th Anniversary
On 20 December 2022, in Petaling Jaya, Malaysia, the European Union and its member states declared a financial…
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EU to mobilise RM47bil for Asean investments
The announcement of the European Union’s (EU) plan to mobilize €10 billion (US$10.59 billion or RM47.04 billion) for…
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EU Sanctions Target Russia’s War Machine with Export Controls
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UK Labour Strikes Erupt Over Pay Amid Rising Inflation
A series of labour strikes and industrial disputes erupted across the United Kingdom on June 15, 2022, impacting…
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Sanctions Hit Putin’s Adult Daughters
Russia’s war machine is now being squeezed at the family dinner table. The latest round of Western sanctions,…
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UK inflation hits a 30-year high of 6.2% as Sunak readies response.
LONDON UK: British inflation shot up faster than expected last month to hit a new 30-year high. Worsening…
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High Energy Costs Spark Protests Across Spain, France, Greece
On 19 March 2022, soaring oil and natural‑gas prices sparked a wave of unrest in several European nations.…
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Malaysia Proposes Raising Debt Ceiling to 65% of GDP
Malaysia’s government is betting that a five-percentage-point increase in the statutory debt ceiling will buy enough room to…
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Malaysia Finance Minister Proposes Raising Debt Ceiling to 65% of GDP
On September 7, 2021, Malaysia’s finance minister, Tengku Datuk Seri Zafrul Abdul Aziz, announced a proposal to lift…
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Indonesia exits recession with 7% GDP growth in Q2, but virus clouds recovery
JAKARTA: Indonesia showed great signs of improvement as it effectively pulled out of recession in the second quarter…
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World Bank lowers Malaysia GDP growth due to pandemic.
Kuala Lumpur: Malaysia’s GDP development has been brought down to 4.5% this year from the prior 6%. According…
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Singapore economy grows 1.3% in Q1 but no change to GDP forecast for 2021
Singapore: The economy of Singapore has been observed to increase at a much faster pace during the first…
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The World Economy Is Suddenly Running Low on Everything
Corona has become the biggest conqueror that has taken over countries after countries and caused severe fluctuations in…
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Japan Approves $989B Stimulus, 20% of GDP
Japan, April 7, 2020 — cyberinktimes.com — Japan’s economy is roughly the size of a small continent’s. And…
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Australia Unveils $79 Billion Wage Subsidy to Support Struggling Workers
Announced on March 31, 2020, Australia’s $79.85 billion wage subsidy program offers a lifeline not only to businesses…
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Australia Unveils $11.4 Billion Stimulus Package Amid Coronavirus Outbreak
On 12 March 2020, as Australia recorded 136 COVID‑19 cases and three fatalities, Prime Minister Scott Morrison announced…
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Italy’s Shutdown Deals New Blow to Already Strained Economy
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Italy closes majority of businesses as coronavirus cases mount
All restaurants, bars, and non-essential company shops in Italy are forced by the government to shut operations following…
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