In a bid to foster efficient and fairer international transactions, the International Monetary Fund (IMF) is actively developing a global platform for Central Bank Digital Currencies (CBDCs), Reuters reported.

IMF backs a global central bank-backed digital currency network

A year after India signed a major free trade deal with the United Arab Emirates, latest Indian government data shows that the Gulf nation has emerged as India's fourth-largest investor.

UAE emerges as India's fourth largest source of foreign investment

China's economy faces a dual challenge as youth unemployment reaches an alarming record high, while major economic indicators fall short of expectations. According to the latest data released by China's National Bureau of Statistics, the unemployment rate among young people aged 16 to 24 soared to a record high of 20.

Surging youth unemployment casts shadow on China's economic outlook

Software company Oracle is the latest to join the job layoff bandwagon. Media reports suggest that the company has laid off hundreds of employees, withdrawn job offers and cut back open positions within its health unit.

Oracle's medical unit lays off hundreds of employees

Newly-appointed World Bank chief Ajay Banga has decided to steer clear of the ongoing rivalry between the U.S. and China, Bloomberg reported on Wednesday. The Indian-origin former CEO of Mastercard said that he does not view China as a rival in providing funds to developing countries.

'Don't see China as a rival': New World Bank chief Ajay Banga

The International Monetary Fund has expressed its disappointment over Pakistan's recent annual budget, calling it "insufficient" to meet the aims of its aid programme for the cash-strapped country.

IMF criticises Pakistan's budget, red flags new tax policies

In a significant development that could have far-reaching implications for Canada's international relations, the Canadian government has decided to suspend its involvement with the Asian Infrastructure Investment Bank (AIIB).

Canada suspends involvement with China-backed bank amid interference probe

Tesla's stock market rally, which lasted an impressive 13 days, finally came to a halt on Wednesday, a Reuters report said. During this historic winning streak, the US automaker's shares soared to new heights and added over $200 billion.

From supercharged to neutral: Tesla’s winning streak shifts gears

Will the Indian rupee get an international boost? Reports from cash-strapped Egypt suggest that the country may pay for imports from India in rupees. Egypt's supply minister Ali Moselhy told Reuters that the country is looking to pay for imports from India, China and Russia in their local currencies instead of the US dollar.

Egypt looking to pay for imports from India in rupees: Report

The Indian government has asked Chinese smartphone makers to induct Indian equity partners in their local operations, The Economic Times reported on Tuesday, citing sources.

Indianise manufacturing, hire Indians for top posts: Government to Chinese smartphone makers

It seems that West Asia is the new go-to place for the two economic rivals -- the US and China. Saudi Arabia, West Asia's biggest economic power, in particular, is the at centre of the global rivalry.

Exit US, enter China: Saudi Arabia woos Beijing as Washington DC's influence declines

China's equity market is grappling with persistent challenges as investor confidence continues to wane, despite the government's efforts to stimulate economic growth, Bloomberg reported.

The Great Wall of doubt: China's equity market battles for confidence

Author

Zee News Rajasthan

Editor

Aprameya Rao

Home

Live Tv

Latest

World

India

Business

Entertainment

Sports

Opinions

Videos

Photos

Gravitas

Lifestyle

Science

Tech

Rajasthan News in Hindi: In-depth coverage of Rajasthan Crime, Political News, Education, Rajasthan Weather Update and Latest Rajasthan News on Zee News Rajasthan.