Where what happed in the world? political and economical news.
World political and economical news and latest updates, by forex forum.
The U.S. economy added nearly half a million jobs in March. The Dow Jones industrial average is within 6% of its record high. And U.S. households accumulated roughly $2.5 trillion in excess savings throughout the pandemic.
Still, despite all the good news, predictions of an impending recession are widespread on Wall Street.
Billionaire investors, former Federal Reserve officials, and now even investment banks have repeatedly warned that the economy may hit a wall in 2023.
On the other hand, Apple’s market cap has been hovering a little under the $3 trillion level the stock first hit in late 2021. A speculated move to offer hardware subscriptions could push it over the top.
In a research note published Friday, Deutsche Bank analyst Sydney Ho examines the potential consequences from a recent report speculating that Apple could launch a hardware subscription program — the iPhone equivalent of leasing your car, or renting an apartment. The idea would be that you could get a high-end phone via a monthly payment, rather than an upfront purchase.
Elsewhere, As UAE banks continue to report strong recovery, analysts and bankers fear the full withdrawal of the Central Bank of UAE’s liquidity (CBUAE) support schemes and other forbearance measures will impact the overall loan growth, asset quality and profitability in the second half of 2022.
A significant share of the direct liquidity support to UAE banks under the CBUAE’s Targeted Economic Support Scheme (TESS) will come to a close by June end.
The CBUAE had made available more than Dh260 billion worth of direct and indirect liquidity support to the UAE banks following the Covid outbreak that impacted the economic activities.
The direct liquidity support under the TESS to support included a zero-cost liquidity relief of Dh50 billion offered through banks to eligible customers who wish to apply for a loan deferment and a Dh50 billion collateralized zero cost liquidity support that banks could avail to use for lending to customers in need.
On the other hand, Pakistan National Assembly Speaker Asad Qaiser & Deputy speaker Qasim Suri to resign when Parliament reconvenes reported Pakistani Media.
The Speaker announced their resignation in Parliament, saying he can’t compromise with the constitution of Pakistan, and that he is faithful and loyal towards to Imran Khan who has taken a stand for the sovereign Pakistan
Imran Khan rejects reports claiming dismissal of Army chief Gen Bajwa
Pakistan’s embattled Prime Minister Imran Khan on Saturday night rejected reports that he had dismissed Army chief General Qamar Javed Bajwa, amidst the raging political and constitutional crisis in the country over a no-confidence motion against him in Parliament.
Talking to a group of his favourite journalists, who are known for defending him in the talk-shows, Khan rejected rumours about making any change in the Army leadership.
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