World
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Battling $300 Billion Debt, Chinese Property Giant Evergrande Files for Bankruptcy in the US
Indebted Chinese property giant Evergrande has filed for bankruptcy protection in the US, underscoring fears that the slump in the Chinese property market is serious enough to cripple the economic…
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Fitch Downgrades US Credit Rating; But Analysts Downplay Long-Term Impact
Credit rating agency Fitch downgraded the US government’s top credit rating, the first such move after S&P lowered the US sovereign rating in 2011. Fitch cited the growing debt burden…
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Eurozone Returns to Growth in Second Quarter, Inflation Edges Down
Second quarter GDP growth data for the Euro zone showed that the region performed better than expectations and that a technical recession announced three months ago was a false flag.…
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Goldman Sachs Cuts Probability of US Recession in Next 12 Months
Goldman Sachs’ Chief Economist Jan Hatzius said on Monday the bank was cutting its probability that a U.S recession will start in the next 12 months to 20% from an…
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China’s Post-COVID Boom is Dead? Frail Q2 GDP Growth Suggests More Policy Support is Likely
China’s economy grew at a frail pace in the second quarter as demand weakens at home and abroad, with the post-COVID momentum faltering rapidly and raising pressure on policymakers to…
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What is Disinflation? US Annual Inflation Marks the Smallest Increase Since March 2021
Consumer prices in the US posted their smallest monthly gain since August 2021, suggesting that the contractionary economic policy of the Federal Reserve in the last two years is paying…
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Pakistan’s Forex Crisis Worsens; Dollar Crunch to Force Import Suspension of Eatables and Drinks
Owing to the non-availability of US dollars, commercial importers in Pakistan have announced to stop the import of all eatables and drinks from June 25. According to a statement issued…
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US Central Bank Halts Rate Hikes After 10 Consecutive Increases; Hints More to Come
The US central bank broke the rate-hiking spree as it left the interest rates unchanged in its latest rate-setting meeting on Wednesday. It was for the first time after March…
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Tiger Vs Pathaan Will Be Bollywood’s Most Expensive Film: All You Need To Know
“Wo khud dikhane ke liye aayi hai”: Mouni Roy trolled for covering Disha Patani’s cleavage Yes, you read it right! Tiger Vs Pathaan will be Bollywood’s most expensive film churned…
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US GDP and Employment Data Shows Economy is Robust, Recession Fears Were Misplaced
The US economy is powering into a phase of robust growth and the recession fears have receded, a reading of the latest GDP and employment numbers have shown. The world’s…
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BREAKING: US Set to Avert Default as Biden and McCarthy Edge Close to Deal on Raising Debt Limit
The long-drawn US debt limit crisis appears to have blown over, with President Joe Biden and Congress Speaker Kevin McCarthy edging closer to a deal on the US government’s spending…
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Pakistani Rupee Plunges to Record Low of 299 Against US Dollar Amid Political Crisis
The Pakistani rupee slumped to a record low of 298 against the US dollar amid political tumult in the wake of clashes that broke out in the country following the…
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Royal backstory: Ahead of King Charles III’s coronation, some historical facts & lesser known trivia about the tradition
Salman Khan “unlucky in love”? Actor breaks silence on his failed relationships, says “Jinko chahta tha ki jaan banaye woh bhai bula rahi hai” From most of the Britishers obsessed…
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Subway Comes Up With Debt Plan to Clinch $10 Billion-Plus Sale – Report
The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a challenging…
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Nearly 2,000 Indians out of conflict zone, Hakki Pikkis enroute home; Foreign secy on Sudan rescue [details]
“If you don’t understand Punjabi then Google it…”: Diljit Dosanjh lashes out at people ‘spreading negativity’ stating he disrespected Indian flag More than 3,000 Indians were reported to be stranded…
![Nearly 2,000 Indians out of conflict zone, Hakki Pikkis enroute home; Foreign secy on Sudan rescue [details]](https://data1.ibtimes.co.in/en/full/784454/rescued.jpg "Nearly 2,000 Indians out of conflict zone, Hakki Pikkis enroute home; Foreign secy on Sudan rescue [details]")