Economy

The International Monetary Fund (IMF) on Monday revised its estimate of India’s gross domestic product (GDP) growth in the current financial year (April 2025-March 2026) upward to 7.3 percent, from its earlier prediction of 6.6 percent.…

Apple plans to use Google’s Gemini artificial intelligence model to power its updated version of Siri, which is set to launch later this year, the two companies announced Monday. “After careful evaluation, Apple determined that Google’s…

Pakistan faces an accelerating departure of multinational corporations, signaling deep-seated economic and structural failures. Companies across sectors are divesting assets, scaling back operations, or fully exiting, driven by an…

Oil prices gained on Monday in early Asian trading hours after the U.S. intercepted a Venezuelan oil tanker over the weekend. The U.S. is also pursuing another tanker, officials told Reuters on Sunday, in what would be the third such…

TikTok’s Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80% of the company’s U.S. assets to American and global investors to avoid a U.S. government ban, TikTok CEO Shou Zi Chew told…

Oil prices climbed sharply on Wednesday after U.S. President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh geopolitical tensions at a time of concerns over…

International airlines expect to transport a record 5.2 billion passengers in 2026 despite global headwinds affecting the sector, the industry’s trade association said on Tuesday (Dec 9). Carriers also expect higher profits than…

IndiGo is on track to operate over 1,650 flights, up from 1,500 yesterday, the airline said in a status update this evening. It said 137 out of 138 destinations are in operation with on-time performance of 75 per cent, up from 30 per cent…

Russian President Vladimir Putin challenged heavy US pressure on India not to buy Russian fuel if the US could do so as he began a two-day state visit on Thursday (Dec 4), where he was embraced on arrival by Indian Prime Minister Narendra…

In what is arguably one of the most forthright assessments in recent years, the International Monetary Fund (IMF), with the participation of the World Bank, has released its Governance and Corruption Diagnostic (GCD) report on Pakistan. The…