A ruling by India’s Supreme Court will force tech giant to make changes in the largest market for its Android operating system. Read More...
Reuters
Pakistan cenbank raises key rate to rein in high inflation
Pakistan’s central bank on Monday raised its key interest rate by 100 basis points to 17% in a bid to rein in persistently high inflation, and it said achieving price stability was key to attaining sustainable economic growth in the future. The increase, which matched the majority forecast of the economists and market watchers surveyed by Reuters, takes Pakistan’s benchmark rate to its highest level since October 1997. In November, the State Bank of Pakistan’s Monetary Policy Committee unexpectedly pushed up its key rate by 100 bps, meaning it has now raised it by a total of 725 bps since January 2022.
