Economy

The new NBC News poll said the other issues besides handling of the economy had topped January's survey, reports Xinhua news agency. Sixty-two per cent of respondents said their family incomes are falling behind the cost of living, 31 per cent said they were staying even, and 6 per cent said their incomes are going up faster than the cost of living, according to the poll conducted on March 18-22

The trust and confidence of the citizenry in the current government’s is at record low due to the administrations’ financial mishandling and subordination to the conditions proposed by the IMF for foreign loans to govern the country, as per a report by a media outlet “Islam Khabar”.  

As coronavirus cases have declined in many places in the US, more Americans said efforts against the Covid outbreak "are going well," but it was still a mixed report, Xinhua news agency quoted the poll conducted by CBS News/YouGov as saying.

Under the theme, 'Working Together, restoring Trust', the Annual Meeting 2022 will be the first global in-person leadership event since the start of the pandemic.

"We are seeing challenges mounting from supply chain disruptions to tectonic shifts in labour markets, to inflation figures which are of concern to policy-makers and individuals alike. The year ahead is a crucial one to work together, rebuild trust and shape a better and more inclusive future for all," said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

Power Minster Gamini Lokuge told the media that the Ceylon Electricity Board (CEB) management has been advised to start a discussion with the IOC to purchase furnace oil to generate power.

In a tweet late Friday night, Information Minister Fawad Chaudhry said: "In line with new National Security Policy, through which Pakistan declared geo-economics as core of its national security doctrine, the government has decided to allow permanent residency scheme for foreign nationals, new policy allows foreigners to get permanent resident status in lieu of investment."

Even more striking is the extreme and increased concentration of wealth at the top during this prolonged health and economic crisis. In November 2021, the richest 1 per cent owned more wealth than the poorest 90 per cent in Asia Pacific, and the region's billionaires had increased their wealth by 74 per cent since the start of the pandemic.

"The economy has rapidly gained strength despite the ongoing pandemic, giving rise to persistent supply and demand imbalances and bottlenecks, and thus to elevated inflation," Powell said in a written testimony prepared for delivery at his confirmation hearing before the Senate Banking Committee on Tuesday.

Abdolreza Abbassian, senior economist of the UN agency, told a press briefing here on Friday that in 2021, the FAO Food Price Index was 28.1 per cent higher than in 2020, reports xinhua news agency. Global cereal prices were at their highest level since 2012, on average 27.2 per cent above 2020 prices, he said.