WION - Sri Lankan President Ranil Wickremesinghe said on Monday that the IMF has approved the bailout request worth USD 2.9 billion, raising hopes of easing the crisis in the island nation. But this rescue was conditional on tackling the deep-rooted culture of corruption and government mismanagement. Read more
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1 day ago HOW DUBAI IS IMAGINED? We often think of luxurious homes, beautiful skylines, and extravagant lifestyles, whenever we hear about the city Dubai of the UAE! This global city has been attracting wealthy persons from across the world. Dubai is presently one of the most affordable luxury destinations in the world in comparison to many of its counterparts, including Hong Kong, Singapore, etc. During the covid pandemic, the way Dubai administration handled the situation has further increased interest in the Dubai...
6 days ago WHAT HAPPENED? Recently An Israeli air strike has destroyed Al Ahli Arab Hospital, the last fully functional hospital in Gaza City. The strike destroyed the intensive care and surgery departments of the hospital. However there were no deaths due to this attack. Unfortunately, one child, who previously suffered a head injury, died as a result of the rushed evacuation process. Al-Ahli Hospital is one of at least 36 hospitals that have been bombed and burned by the Israeli military in the last 18 months since the start of the...
April 07 WHAT HAPPENED? Indian stock market plunged sharply on Monday as global market faces uncertainty over Donald Trump's tariffs. With today's crash, Indian stock markets have plunged to their lowest levels in approximately 10 months and analysts suggest that they could fall further due to massive volatility in global markets. Today’s crash was so severe that it wiped out Rs 19 lakh crore of the investor’s wealth. Heavy selling pressure was evident across all segments, with banking, technology, and...
April 04 Today, the US dollar (USD) is the most prominent and powerful currency in the world. Not only is it commonly exchanged outside the US, but several nations have tied their currencies to the dollar or adopted it as their official currency. Like Argentina, Ecuador, El Salvador, Panama. But what makes US dollars the most powerful currency in the world? ECONOMIC FACTOR A currency is a reflection of a country’s economic power. The dollar’s value comes from the US’s position as a critical global economic power...
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