On Monday, International Monetary Fund Managing Director, Kristalina Georgieva, appreciated India's help to Sri Lanka in tackling its worst economic crisis since Independence.
IMF also assured Finance Minister Nirmala Sitharaman that the financial institution would continue to actively engage with the island nation.
Dive into the controversy surrounding Tesla's recent layoffs as Elon Musk's termination mail, described as 'insensitive', sparks outrage among employees and netizens. Join us as we explore the fallout and hear firsthand accounts from affected employees, shedding light on the human impact of corporate decisions.
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Explore the inauguration event marking Vladimir Putin's fifth term as president, amidst growing isolation from the West. Despite criticism, Putin solidifies his domestic power, highlighted by a church service aiming to bolster his rule. Delve into the implications of Putin's continued leadership amid international tensions.
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Israeli tanks seized the Rafah Crossing in Gaza, intensifying conflict as warplanes bombarded homes. At least 12 casualties were reported. Despite Hamas accepting a ceasefire, Israel vowed to continue its military operation. Troops are conducting a "limited op," trapping civilians. Egypt closed Rafah Crossing to prevent mass exodus. Over a million refugees sheltering in Rafah face grave risk, prompting UN warnings and international appeals ignored by Israel.
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Join us for a compelling discussion as experts analyze the ongoing battle between the BJP and Congress in Uttar Pradesh. Explore the factors influencing voter sentiment, the effectiveness of campaign strategies, and the potential outcomes of this high-stakes electoral contest. Get insights, predictions, and expert opinions on the political dynamics shaping the fate of Uttar Pradesh.
#LokSabhaElections #Elections2024 #LSElections24 #Elections2024 #LokSabhaElectionPhase3 #UttarPradesh #Oneindia
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In the midst of political tensions, Sri Lanka's Fisheries Minister, Douglas Devananda, dismisses recent statements from Indian leaders regarding Katchatheevu island as having 'no ground.' Join us as we delve into the ongoing dispute and the implications of these remarks during election season in India.
#Katchatheevu #KatchatheevuIsland #KatchatheevuIslandDispute #KatchatheevuIslandIssue #SriLanka #DouglasDevananda #LokSabhaElections2024 #BJPvsDMK #BJP #DMK #Oneindia
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IMF Warns of Broad Global Impact, Due to Conflict in the Middle East.
According to 'The Guardian,' the International Monetary
Fund recently highlighted the risks of escalating
conflict in the Middle East with two new reports. .
The reports, titled World Economic Outlook (WEO) and the Global Financial Stability Review (GFSR), comes amid heightened fears of a war between Iran and Israel.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
'The Guardian' reports that previous Middle East conflicts have resulted in significantly higher oil prices. .
Pierre-Olivier Gourinchas, the IMF’s economic
counsellor, said the organization was evaluating the
potential for another commodity shock from the conflict.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
It would do so in a context in which,
in some countries, activity and growth
is already fairly weak, so that might
also have a strong effect there, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
Gourinchas also warned that such
an increase would also bring down
business confidence and global investment.
Credit: Wibbitz Top Stories Duration: 01:31Published
The IMF team, led by Nathan Porter, expressed dismay at Pakistan's finance ministry for prematurely claiming fulfillment of structural benchmarks. Before completing their review, the team arrived to analyze economic data. The ministry's premature announcement left the IMF unable to provide feedback. Pakistan's finance minister assured such incidents wouldn't recur. Discussions continue for the release of the last $1.1 billion tranche, with speculation of a potential mini-budget to boost revenues.
#IMF #NathanPorter #PakistanEconomicCrisis #IMFPakistan #PakistanEconomy #IMFBailout #Worldnews #Pakistannews #Economynews #Oneindia #Oneindianews
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Discover why Finance Minister Nirmala Sitharaman has opted out of contesting Lok Sabha elections, citing financial constraints and concerns over winnability criteria. Get the full story behind her decision and its implications.
#NirmalaSitharaman #LokSabhaElections #LokSabhaElections2024 #LSElections24 #Sitharaman #FinanceMinister #LokSabhaCandidacy #Oneindia
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Today, the Chief Justice of India N V Ramana said that the Constitution provides separation of power among the three pillars of the state, and one should be mindful of the 'Lakshman Rekha' while..
Many areas in India’s financial capital Mumbai and its adjoining suburbs witnessed a power outage today morning. Reasons for the outage were not immediately known.
#IndianRailways #PassengerTrains..
The beleaguered Sri Lankan government is still struggling to keep the battered economy of the country afloat. The talks with the International Monetary Fund have begun in Washington where the..
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