bln

The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long awaited by the South Asian nation which is teetering on the brink of default.The deal,…

Multilateral development banks are expected to unlock $200 billion in extra firepower for emerging economies by running their balance sheets more tightly and taking on more risk, world leaders meeting at a summit in Paris said on…

A total of 353 funding rounds fetched $2.6 billion (nearly Rs. 21,390 crore) towards start-ups working in the crypto sector in the first quarter of 2023, between January and March. Interestingly, the figures of both, the investment rounds…

The sales of non-fungible tokens (NFTs) rose by a massive 117 percent in February 2023. Around March, the valuation of the global NFT market climbed to its nine-month high since June last year to over $2 billion (roughly Rs. 17,200 crore).…

French cosmetics group L'Oreal struck a deal with Brazil's Natura & Co to buy Aesop, its Australian luxury brand, at an enterprise value of $2.53 billion, both firms said on Monday.The deal, L'Oreal's largest ever brand acquisition…

Credit Suisse sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from Switzerland's central bank, after a slide in its shares intensified fears of a global banking crisis.Shares in…

…

…

A farmer sprays fertiliser at a paddy field in Thoothukudi. | Photo Credit: RAJESH N India aims to cut spending on food and fertiliser subsidies to ₹3.7 trillion ($44.6 billion) in the fiscal year starting April, a 26% cut from this year,…

French energy group TotalEnergies announced on Friday (December 9) that it will exit the board of Russian gas giant Novatek. The firm also said that it would take a $3.7 billion hit to write off the value of its stake in the Russian group. …