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IMF and Pakistan reach $3 billion deal
IMF and Pakistan reach $3 billion deal
by  AFP

Pakistan could get temporary relief for its ballooning foreign debt with a new deal worth $3 billion, the IMF has announced in Washington. Pakistan needs billions of dollars in financing to service external debt, and foreign exchange reserves have dwindled to just $3.5 billion, roughly enough for three weeks of imports.

Falling energy prices push eurozone inflation down
Falling energy prices push eurozone inflation down
by  AFP

Eurozone inflation eased further in June as energy costs slid but those of food and drinks remained elevated as underlying price pressures persist, official data showed Friday. According to other Eurostat data published Friday, the unemployment rate in the eurozone remained stable in May at 6.5 percent. raz/rmb/lth

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