Chinese reports 12.4% drop in export and 6.8% in import in June 2023

July 13, 2023 8:24 PM

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Chinese reports 12.4% drop in export and 6.8% in import in June 2023

Chinese exports experienced a significant decline in June compared to a year earlier. However, at the same time, the country saw a significant rise in its trade with Russia. According to official data released today, China reported a 12.4 percent drop in exports in June this year compared to June 20...

Heatwave sweeps across parts of southern Europe and northwest Africa

July 13, 2023 8:21 PM

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Heatwave sweeps across parts of southern Europe and northwest Africa

A heatwave is sweeping across parts of southern Europe and northwest Africa. According to media reports, temperatures are expected to surpass 40 degrees Celsius in parts of Spain, France, Greece, Croatia, and Turkey.   In Italy, temperatures could reach as high as 48.8 degrees Celsius. A red al...

US stocks end higher Fed may go for fewer interest rate hikes

July 13, 2023 8:19 PM

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US stocks end higher Fed may go for fewer interest rate hikes

US stocks ended higher yesterday after inflation and economic data sparked hopes that the Federal Reserve may go for fewer interest rate hikes. The Nasdaq Composite climbed 1.2 percent, the S&P 500 index gained 0.7 percent and the Dow Jones Industrial Average rose 0.3 percent.

IMF approves three billion dollar bailout for Pakistan

July 13, 2023 8:17 PM

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IMF approves three billion dollar bailout for Pakistan

The International Monetary Fund's (IMF) board has given its approval for a three billion-dollar bailout for Pakistan. Pakistan will get about 1.2 billion dollars upfront, with the rest due to be paid out over the next nine months.   According to media reports, Pakistan also received funds ...