financial crisis

Financial crisis forces Pakistan Airlines to cancel flights

Pakistan International Airlines (PIA), to cancel 26 flights.

US Debt Default: Treasury Secretary warns of “increased economic costs that could slow down the US economy”

If the US Congress can't come to terms on raising the 'debt limit,' the world may witness another global financial crisis.

Go First suspends flight operations, files for insolvency amid financial crisis

Go First, an Indian airline, has canceled all flights for May 3 and 4. The Wadia Group, the airline's owner, is unwilling to invest more in the struggling company.

Pakistan faces its worst economic crisis in history as foreign debts mount up: Report

As per the report, the country is facing mounting foreign debt which will make it liable to require gross external financing of USD 51.6 billion within a two-year period in order to fulfil its needs.

IMF Chief Economist Gita Gopinath calls for more fiscal push

Gita Gopinath, Chief Economist of the International Monetary Fund (IMF) has urged policymakers around the world to provide fiscal stimulus to boost a relatively faster recovery from the ghastly repercussions inflicted by the pandemic, as the world economy stares at a liquidity trap.

Half of Bollywood will be OUT OF WORK even after lockdown ends: Experts