Rebecca Adams

World Bank cuts Pakistan’s GDP f’cast on rising rates, limited fiscal space

The World Bank sharply lowered Pakistan’s current year growth forecast, saying the country’s economic growth prospects have weakened due to tighter financial conditions and limited fiscal space. The World Bank now expects Pakistan’s economy to grow 0.4% in the current year, from its October forecast of 2% growth. The bleaker forecast assumes an agreement is…

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Google workers in London stage walkout over job cuts

Hundreds of Google employees staged a walkout at the company’s London offices on Tuesday, following a dispute over layoffs. In January, Google’s parent company Alphabet (GOOGL.O) announced it was laying off 12,000 employees worldwide, equivalent to 6% of its global workforce. The move came amid a wave of job cuts across corporate America, particularly in the tech sector,…

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