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US retail sales post steeper fall than expected: govt
US retail sales post steeper fall than expected: govt
Business and Economy
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
Business and Economy
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.