New Delhi [India], September 24 (ANI): The Central Bureau of Investigation (CBI) on Saturday arrested former Mumbai Police Commissioner Sanjay Pandey in relation to National Stock Exchange (NSE) co-location and phone tapping case. He was, earlier, arrested by the Enforcement Directorate (ED) and was presently in judicial custody in a money laundering case. Special Judge […]

Dhaka, Bangladesh – Standing in line to try to buy food, Rekha Begum is distraught. Like many others in Bangladesh, she is struggling to find affordable daily essentials like rice, lentils and onions. ‘I went to two other places, but they told me they don’t have supplies. Then I came here and stood at the […]

LONDON, Sept. 22 (Xinhua) — The Bank of England (BoE) raised its benchmark interest rate to 2.25 percent on Thursday, the highest level since December 2008. This is the seventh consecutive rate hike since December last year as the BoE continues its fight against soaring inflation in the country, which hit 9.9 percent in August, […]

Mumbai (Maharashtra) [India], September 21 (ANI): The Indian stock market’s benchmark Sensex slipped 263 points on Wednesday ahead of the US Federal Reserve’s monetary policy outcome. The 30 stock SP BSE Sensex closed 262.96 points or 0.44 per cent down at 59,456.78 points against its previous day’s close at 59,719.74 points. Earlier, the Sensex started […]

ABU DHABI, 20th September, 2022 (WAM) — Economic circles and financial markets around the world are awaiting the decisions of the US Federal Reserve Board at its meeting, to be held tomorrow, Wednesday, with expectations that the Federal Reserve will raise interest rates by about 75 basis points (bps). The Federal Reserve had already raised […]

Half a century ago, the Tanzania-Zambia Railway (Tazara) stood out as a crucial symbol of Africa’s struggle for independence. The 1,860km-long railway connects Kapiri Mposhi in Zambia with Dar es Salaam at the Indian Ocean. In November 1965, the unilateral declaration of independence by Rhodesia’s racist regime had left newly independent Zambia extremely vulnerable to […]

Kindling has become scarce in Moldova as the population seeks cheaper ways to heat their homes The Moldovan government has launched a special website which will help citizens find firewood to heat their homes, authorities announced this week. “The site provides information about the nearest forestry, thus facilitating the process of providing the population with […]

A new payment mechanism has been given the green light to boost Indian exports India will soon launch trade in rupees with Russia, the head of the Federation of Indian Export Organizations (FIEO) said this week. This comes after the State Bank of India agreed to simplify a new payment mechanism. “The State Bank of […]

Mumbai (Maharashtra) [India], September 16 (ANI): The Indian stock market’s key indices, Sensex and Nifty, slumped by around 2 per cent on Friday tracking weakness in the global equities amid fear of recession in the world economy. The 30 stock SP BSE Sensex slumped by 1093.22 points or 1.82 per cent to 58,840.79 points against […]

Kenya’s President William Ruto, sworn in as new President on 13 September 2022, has inherited an economy saddled with debt, inflation, joblessness and national pessimism. The International Monetary Fund has also added to his pain: it recently asked Kenya to broaden its tax base and scrap the fuel subsidy. Broadening the tax base will mean […]