Gap CEO Syngal steps down as margin squeeze deepens
Gap Inc on Monday announced that its' Chief Executive Sonia Syngal will step down just over two years into the...
Global Economy
Hyundai Motor to build first fully dedicated EV factory in South Korea
South Korea's Hyundai Motor Co plans to build its first fully dedicated electric vehicle (EV) factory in South Korea, targeting...
Euro drops to 20-year low, approaches parity with dollar
The euro slid to a 20-year low and came closer to parity against the dollar on Monday on concerns that...
Euro zone to focus on inflation as economic outlook forecast to worsen
Euro zone finance ministers are set to indicate on Monday that the fight against inflation is the current priority despite...
Global financial watchdog to step up crypto regulation
The Financial Stability Board said on Monday it will propose global rules for cryptocurrencies, saying recent turmoil in markets has...
80% of Pakistanis’ wealth comprises residential buildings: World Bank
According to a new World Bank study, Pakistani households accumulate significant net worth but overwhelmingly in the form of residential...
IMF, Pakistan inch closer to revival of loan package
The International Monetary Fund (IMF) and Pakistan moved closer to the revival of their loan package on Saturday as Islamabad...
US bank profits to tumble on higher bad loan reserves
Second-quarter profits at big US banks are expected to fall sharply from a year earlier on increased loan loss reserves,...
