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Pakistan flood recovery needs 'massive' investment: UN
Pakistan flood recovery needs 'massive' investment: UN
Business and Economy
by  AFP

The UN chief called Monday for "massive investments" to help Pakistan recover from last year's devastating floods and better resist climate change, as financial pledges poured in. - Loss and damage - The UN chief said the international community had a particular responsibility to help Pakistan, which has been "doubly victimised by climate chaos and a morally bankrupt global financial system."

Asian markets extend new year rally on Fed hopes
Asian markets extend new year rally on Fed hopes
Business and Economy
by  AFP

Asian markets resumed their strong start to the year Monday, tracking a surge on Wall Street fuelled by hopes that US data will allow the Federal Reserve to slow its pace of interest rate hikes. In a further sign of hope, data Friday showed eurozone inflation slowed for a second month in a row in December, to 9.2 percent -- the first time in single digits since September.