Asian markets tank, currencies near almost-year troughs
Asian stocks experienced a decline on Thursday as central banks worldwide reaffirmed their commitment to combating inflation and hinted at the possibility of further interest rate hikes. The yen and yuan struggled to recover from their lows due to concerns of potential intervention. In Europe, the market is expected to open lower, with EUROSTOXX 50 […]
Stunted dollar affects economies on the frontline
In the midst of a crisis in Pakistan, Wilson Muthaura, a prominent figure, urged the Pakistani government to include the tea produced by Kenya’s KTDA co-operative on a list of essential items. This list would enable importers to access crucial U.S. dollars. Muthaura’s urgent appeal reflects the growing concerns over the scarcity of dollars, which […]