Pakistan's once-fledging textile industry grapples with a slowdown. Accounting for 60 percent of the country's exports, the textile sector has been struggling since the economy began facing a balance of payments crisis.

Pakistan's economic downturn hits its once-booming textile industry

With the world embroiled in heightened tensions on several fronts like Ukraine, Taiwan, etc, the stock markets in Asia are witnessing a tough time. The stock exchanges in Asia, such as, Hong Kong, Seoul, Shanghai and Tokyo, were trading with losses in mid-session deals.

As Asian markets witness downturn, US stock exchanges close on positive note

Lloyds is the first major British bank to to report results since referendum and is the most exposed to downturn in British economy

Lloyds plans 3,000 jobs cull, fresh branch closures after Brexit shock

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