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[ad_1] Ankara: An official report has estimated that the twin earthquakes that hit southern Turkey on February 6 cost approximately 2 trillion Turkish liras (about $105.2 billion) for the country. The report, announced by Turkey’s Treasury and Finance Ministry and prepared by the presidency’s department of strategy and budget, predicted that the financial burden caused…
[ad_1] US Dollar (Representative Image) Mumbai: India’s foreign exchange reserves dropped USD 325 million to USD 560.942 billion as of February 24, according to the Reserve Bank of India’s latest data. In the previous reporting week, the overall reserves had declined USD 5.68 billion to USD 561.267 billion. Foreign exchange reserves declined by USD 5.681…
[ad_1] The “One Billion Meals” initiative, the largest food support campaign of its kind in the region covering 50 countries on four continents, has completed the distribution of 5.4 million meals in the Rohingya refugee camps in Bangladesh, in cooperation with the United Nations World Food Programme. And due to the partnership between the “Mohammed…
[ad_1] First modification: 02/28/2023 – 02:59 The World Bank estimated the economic cost of the damage caused in Turkey by the strong earthquakes that affected the southeast of the country at the beginning of the month at more than 34,000 million dollars, while warning that reconstruction could cost twice that amount. The number could double….
[ad_1] A lawsuit would also be the latest volley from President Joe Biden’s antitrust enforcers, FTC Chair Lina Khan and Assistant Attorney General for antitrust Jonathan Kanter, who have both pledged to rein in corporate consolidation. The FTC is currently challenging deals including Microsoft’s takeover of video game giant Activision Blizzard, and the DOJ is…
[ad_1] The balance sheet of the UAE Central Bank touched 555 billion dirhams last December, to record the highest level in its history, according to the latest statistics of the Central Bank. The Central Bank stated that the bank’s balance sheet increased on a monthly basis by 8.1%, to reach 554.99 billion dirhams at the…
[ad_1] Islamabad: Cash-strapped Pakistan’s current account deficit shrank 90.2 per cent to USD 0.24 billion in January from USD 2.47 billion in the same month last year, the data shared by the State Bank of Pakistan (SBP) showed on Monday. “Current Account Deficit (CAD) recorded USD 0.2 billion in Jan 2023 against a deficit of…
[ad_1] Islamabad: The cash-strapped Pakistan government on Wednesday introduced a money bill in parliament to raise Rs 170 billion in taxes by June this year as part of conditions by the IMF to get the next tranche of an already agreed loan. Finance Minister Ishaq Dar presented the Finance (Supplementary) Bill, 2023, in the National…
[ad_1] “It was somewhat clear even way back then, eight years ago, that this would be a really big bottleneck for the entire industry as it scaled,” Straubel said. Context: The federal consumer tax credit for electric vehicles enshrined in President Joe Biden’s signature Inflation Reduction Act, which contains domestic sourcing requirements that are now…