Author: Steven Sahiounie

Finance Minister Ishaq Dar has said. Dar was addressing investors at an event to commemorate the launch of Pakistan’s first development real estate investment trust scheme on the stock exchange.”We’re in a tight position. We don’t have $24 billion in foreign exchange reserves that our (last) government left in 2016. But that’s not my fault. It’s the system’s fault,” Dar said. At the same time, the Pakistani finance minister noted that there was “no way” that Pakistan was going to default.Despite the fact that the nation had already paid off its $1 billion in Islamic bonds earlier in December, Pakistan…

The Ogun State House of Assembly has passed a total of N472,250,694,447.57 as the year 2023 Appropriation bill.The budget proposal was presented to it by Governor Dapo Abiodun barely a month ago, with adjustments in the recurrent and capital estimates and projected revenue in 31 different areas across 26 agencies.The bill was titled: “H.B. NO. 084/OG/2022-Year 2023 Appropriation Law-A Bill for a Law for the Appropriation of the sum of Four Hundred and Seventy-Two Billion, Two Hundred and Fifty Million, Six Hundred and Ninety Four Thousand, Four Hundred and Forty-Seven Naira, Fifty-Seven Kobo Only from the Consolidated Revenue Fund for…

Here are some of the worst hit by this year’s tech stock downturnElon Musk (left) andd Mark Zuckerberg. AFP file photosThe fortunes of Silicon Valley billionaires took a beating in 2022 as share prices of the world’s tech giants plummeted.Here are some of the worst hit by this year’s tech stock downturn.AFP archive footage of Elon Musk, Mark Zuckerberg, and Jeff Bezos.Elon MuskAfter becoming the world’s richest person in 2021, the Tesla and SpaceX boss saw over half of his net worth evaporate this year, boosting France’s luxury goods mogul Bernard Arnault into the top spot.Musk lost $140 billion in…

Samsung holds a meeting with top officials to discuss the economic downturns next yearThe South Korean parent company Samsung recently held an uncommon meeting with higher authorities of its partners. The meeting was conducted with the CEOs of all affiliates. This business meeting was organized a few days ago. The basic purpose of this gathering was to discuss the economic downturns and the recession afflictions for 2023. Several factors like prices of semiconductors, rate hikes, and downfall in currency rates were considered.In Yongin, Gyeonggi Province, South Korea, the meeting was organized. The venue of the board meeting was the Samsung Electronics Leadership…

BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday following encouraging U.S. employment data but were headed for double-digit losses for the year.Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices edged higher.Wall Street’s benchmark S&P 500 index gained Thursday after the number of people applying for unemployment benefits rose only slightly last week despite repeated interest rate hikes to cool inflation by slowing economic activity.“Considering the market news was sparse, the shift higher has the hallmarks of a dead cat bounce,” said Stephen Innes of SPI Asset Management in a report.The Shanghai Composite Index gained 0.6%…

GOOGL +2.82% Add to/Remove from Watchlist Add to Watchlist Add PositionPosition added successfully to:Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close GOOG +2.88% Add to/Remove from Watchlist Add to Watchlist Add PositionDespite sales increasing a mere 0.02%, rotating chairman Eric Xu struck an upbeat tone in the company’s annual New Year’s letter, where he revealed the figure.Revenue for 2022 still remains well below the company’s…

Valuation gains due to the appreciation of the US dollar vis-à-vis major currencies such as the euro, yen and Indian rupee was placed at USD 10.6 billion.India’s external debt stood at USD 610.5 billion in the second quarter of 2022-23, down by USD 2.3 billion from end-June 2022, the finance ministry said on Thursday. The external debt to GDP ratio stood at 19.2 per cent as at end-September 2022 as compared to 19.3 per cent at end-June. “At end-September 2022, India’s external debt was placed at USD 610.5 billion, recording a decrease of USD 2.3 billion over its level at…

Peru’s economy minister pledged on Thursday to launch an investment program of $1.6 billion to ramp up growth hampered by constant political crises.Alex Contreras said his plan has 19 component parts and will generate 130,000 jobs and add an additional 1.2 percent to the nation’s economic growth in the first half of 2023.Contreras said his goal is for Peru’s economy to grow 3.9 percent next year.“We are prioritizing the regions most affected by conflict… It is a package of measures to strengthen household economies,” he said.Political upheaval has roiled Peru in the last three weeks.Blinken urges Peru reform after Castillo…

In November, Vince Knight decided he’d had enough of Twitter. After more than a decade on the social-media platform, Knight — a mathematician at Cardiff University, UK — was concerned about the site’s direction under its new owner, entrepreneur Elon Musk, who began laying off vast numbers of staff shortly after he acquired it. “Twitter is getting uncomfortable,” wrote Knight on the platform; he then jumped ship to Mastodon, a competing service. He says he simply didn’t want to support Musk’s Twitter any more.The past few weeks have been tumultuous for Twitter. After Musk laid off staff, the site has repeatedly malfunctioned…

Researchers have found an effective method of getting people to drink less alcohol: Highlight the increased risk of cancer that comes with imbibing and pair that with counting each and every drink.This particular combo of ‘why to reduce’ and ‘how to reduce’ messaging can be useful for promoting good health in a population, said the team behind the 2021 study.Too much drinking doesn’t just lead to cancer, of course. Overdoing it on the booze is associated with a whole range of problems, including premature death, heart disease, digestive issues, and an increased risk of dementia.”We found that pairing information about alcohol and cancer with…