World Bank slashes global growth forecast to 2.9%, warns of 1970s-style stagflation
KEY POINTS The World Bank slashed its global growth forecast on Tuesday to 2.9% for 2022. The Bank warned thatContinue Reading
Tag: US
Rising interest rates in US will hinder foreign economies including Sri Lanka
WASHINGTON (AP) — When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stopContinue Reading
Food, fuel price shocks from Ukraine war to last at least 3 years, World Bank says
LONDON (Reuters) – Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until atContinue Reading
World Bank planning new $170 billion crisis fund to help the poorest nations being buffeted by multiple crises: President
The World Bank is seeking to create a $170 billion emergency fund to help the poorest nations being buffeted byContinue Reading
Musk proposes Twitter Blue subscription shake-up days after disclosing 9.2% Twitter stake
April 9 (Reuters) – Elon Musk, Twitter Inc’s (TWTR.N) biggest shareholder, on Saturday suggested a raft of changes to the social mediaContinue Reading
Donald’s Trump’s Truth Social social app tops downloads on Apple App Store, many users waitlisted
KEY POINTS Donald Trump’s new social media venture, Truth Social, launched late on Sunday in Apple’s App Store. The appContinue Reading
Biden agrees to meet with Putin ‘in principle’ if Russia has not invaded Ukraine
KEY POINTS President Biden has accepted “in principle” a meeting with Russia’s Putin in what could be a last-ditch effortContinue Reading
Sri Lankan born US Billionaire investor Chamath Palihapitiya triggers a backlash on social media after saying ‘nobody cares’ about Uyghur genocide in China
KEY POINTS Billionaire investor Chamath Palihapitiya said during a recent podcast episode that “nobody cares” about the ongoing human rightsContinue Reading
From Parag Agrawal to Sundar Pichai: 8 Indian-origin CEOs leading tech giants in the US
Indian-origin techies, many of whom have studied at the premier Indian Institutes of Technology (IITs) and other prominent tech institutionsContinue Reading
FDA clears Moderna and Pfizer’s Covid vaccine booster shots for all U.S. adults
KEY POINTS The CDC still has to authorize distribution of the booster doses before people can start receiving the shots,Continue Reading
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