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Economy

U.K.’s Wise Confirms Joining Payment Platforms in Australia

Wise Plc is a digital money transfer group in the United Kingdom. By joining the Australian payment network, it will…

The US Economy is All Set to Recover Fully by June

The prolonged pandemic might have made the superpower economy of the US dwindle and collapse into unemployment and monetary crisis,…

China Introduces Measures to Rebuild Hong Kong as the Global Financial Hub

Amid growing trade tensions between the U.S. and China, the China Banking & Insurance Regulatory Commission (CBIRC) issued a statement…

Goldman Sachs Cites Legal Provisions to Reduce Quarterly Earnings

On Friday, the financial giant Goldman Sachs declared a cut in the quarterly earnings to meet the settlement costs of…

Goldman Sachs, Varde Partners to Acquire RattanIndia’s Debt for Amravati Project

RattanIndia Power Ltd. has reached a debt resolution agreement with its lenders for its 1350 Mw power plant project at…

Bank Negara Sets Out Framework for Virtual Banks in Malaysia

Bank Negara, which is the central bank of Malaysia, today laid down the proposed licensing frameworks for virtual banks in…

Unilever Predicts Sluggish Growth for World Economy in 2020

Unilever has predicted sluggish growth for the global economy in the coming year 2020. The leading consumer goods market claims…

India and Germany Sign Rs. 1958 Crore Financing Pact for Energy Efficient Housing

In a new development, the Government of India has managed to raise a loan to the tune of $277 million…

Chinese Premier Li Keqiang Says Hong Kong Still in “Dilemma”

The Chinese Premier Li Keqiang recently stated that Hong Kong is still in a bit of a dilemma as the…

Indonesia and Taiwan Express Willingness to Enhance Economic Cooperation

The Taiwanese government has recently emphasized that it is keen to enhance investment and trade cooperation with Indonesia amid surging…