Business and Economy

Business and Economy Latest News

US retail sales post steeper fall than expected: govt
US retail sales post steeper fall than expected: govt
by  AFP

Retail sales in the United States slipped more than anticipated in March, according to government data released Friday, extending a downward trend that signals cooling in the economy. The data also follows a trend of slowing price increases, with inflation cooling to 5.0 percent last month -- the smallest annual jump since May 2021.

UAE and China promise Pakistan $1.3 bln to get IMF deal on track
UAE and China promise Pakistan $1.3 bln to get IMF deal on track
by  AFP

Pakistan announced financial support Friday from the United Arab Emirates and China totalling $1.3 billion, giving the ailing economy a shot in the arm as it seeks to meet conditions for the resumption of an International Monetary Fund bailout. China on Friday released $300 million to Pakistan -- the last tranche of a $1.3 billion rollover loan, Dar said.

Russian oil exports hit near three-year high in March: IEA
Russian oil exports hit near three-year high in March: IEA
by  AFP

Russian oil exports jumped to their highest level in almost three years in March despite Western sanctions, but revenues were down sharply from last year, the International Energy Agency said Friday. Diesel shipments to Turkey, which has refused to join Western sanctions on Moscow, reached their highest level since 2018.

Energy

Money

Industry

Technology

Economy