There is no global mechanism to stop countries from entering a competitive devaluation drive, and a US-China currency war could wreck the global economy.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
The US dollar is the world’s reserve currency. A store of value for central bankers. America’s twin deficits are financed by the rest of the world. Should the dollar begin to wobble, the US government will find it difficult borrow at 1.5%. President Trump is going against the sane advice of his senior most colleagues and advisers. The decision to levy tariffs on the remaining $ 300 billion of Chinese exports was tweeted even as a meeting with the Treasury Secretary was on and he was urging that this not be done. 2. Some import tariffs have been deferred to December, to afford relief to Christmas shoppers. A 3.1% fall on Wall Street in a single day was another cost Trump recognises. Plus the fear that a recession would harm his reelection prospects. The worst may not come to pass. We can pray that there is still some method to the great man’s madness.
The US dollar is the world’s reserve currency. A store of value for central bankers. America’s twin deficits are financed by the rest of the world. Should the dollar begin to wobble, the US government will find it difficult borrow at 1.5%. President Trump is going against the sane advice of his senior most colleagues and advisers. The decision to levy tariffs on the remaining $ 300 billion of Chinese exports was tweeted even as a meeting with the Treasury Secretary was on and he was urging that this not be done. 2. Some import tariffs have been deferred to December, to afford relief to Christmas shoppers. A 3.1% fall on Wall Street in a single day was another cost Trump recognises. Plus the fear that a recession would harm his reelection prospects. The worst may not come to pass. We can pray that there is still some method to the great man’s madness.