As yen tumbles, gadget-loving Japan goes for used iPhones
Sales of used smartphones grew nearly 15 per cent in Japan to a record 2.1 million in the last financial year and are likely to reach 3.4 million by 2026.
ECONOMIC AFFAIRS
Taming Indonesia’s inflation to pave way for stronger growth recovery
There could be a silver lining for Indonesia's economy toward this year’s final quarter as the tourist sector continues to mark robust performance.
Rising dollar makes Nepal’s winter clothes more expensive
According to Nepal Rastra Bank, prices of clothes and footwear rose by 7.68 per cent in the first two months of the current fiscal year ended mid-September.
Developing countries need $1 trillion a year in climate finance: Report
Current investment stands at around $500 million, and the biggest increase should come from the private sector, both domestic and foreign, while annual flows from development…
Japan to create ‘comprehensive defense budget’ framework to meet 2％ target
The new framework will include the conventional defense budget and spending for defense-related research and development, public infrastructure development, and the Japan Coast…
At COP27 summit, PM Shehbaz seeks climate compensation, debt relief for Pakistan
Pakistan and other climate-vulnerable countries are demanding that the UN take steps to mobilise “loss and damage” funds for disaster-hit nations.
World Bank to provide more than US$3 billion for energy infrastructure development in Pakistan
Last week, the World Bank also signed two agreements with the government to extend US$500 million worth of two separate loans to Punjab and Khyber Pakhtunkhwa.
IMF enquires about Bangladesh loan repayment to Russia
Payment for the $11.39 billion loan is scheduled to begin from March 2027 or two years after commercial operation begins.
Even developed nations are struggling: Bangladesh PM on global recession
The premier also said that the government is trying hard to maintain the economy, but everyone has to maintain some austerity.
Core consumer inflation hits 21-year high
A separate survey has also showed that over 80 per cent of South Koreans say the cost of dining out has increased.