Cash-strapped Pakistan on Saturday received $3 billion from Saudi Arabia as part of financial assistance sought from the Kingdom to stabilise the country’s economy, according to a senior government official. Saudi Arabia’s financial support to Pakistan comes more than one month after Prime Minister Imran Khan visited Riyadh and held talks with Crown Prince Mohammad...Read More
As we have all become supply chain experts over the past year, more of us have become familiar with the dread “bullwhip effect”, when shortages of goods unexpectedly turn into surpluses. Well, it seems the bullwhip has cracked, at least for many US retailers. Having spent months making excuses about stock shortages to American consumers,...Read More
SUNBURY — The Dollar General on Market Street has been brought up to code but store officials have not set a date for reopening. The store closed in August after city inspectors deemed the building structurally unsafe, according to documents obtained by The Daily Item this summer. City Administrator Derrick Backer said the building has...Read More
The IMF raised concerns that uneven distribution of vaccines was slowing the rebound. (File) Washington: The new Omicron variant of Covid-19 could slow the global economic recovery, just as the Delta strain did, IMF chief Kristalina Georgieva said Friday. “A new variant that may spread very rapidly can dent confidence and in that sense, we...Read More
A new Connecticut report shows the pandemic impacted the ability of more than two-thirds of women to return to work, with one-third reporting a decrease in income. Over 50% of women of color saw a decline in their income according to the report, A Post-COVID Economic Recovery for Women, released Dec. 1 by Girls With...Read More
SALT LAKE CITY — The US economy may be feeling the pinch of inflation — most nations are — but unemployment rates in the country are the lowest in 50 years, and Americans are feeling good about the job market now, says a visiting economics professor at the University of Utah. Inflation, the economy and...Read More
Dec 4th 2021 A LITTLE MORE than a year after the first success of a covid-19 vaccine in a clinical trial, a sense of dread has struck much of the world. The Omicron variant of the coronavirus, first publicly identified on November 24th, may be able to circumvent the defences built up by vaccination or...Read More
Dec 2 (Reuters) – Gold prices eased on Thursday hurt by a firmer dollar, as investors assessed how central banks are likely to respond to surging inflation and concerns over economic growth spurred by the new Omicron coronavirus variant. FUNDAMENTALS * Spot gold XAU= fell 0.1% to $1,780.36 per ounce by 0050 GMT. U.S. gold...Read More
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