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Guide to OZ Jobs/Rooms listingsIn economics and political sciences, a large body of literature is devoted to understanding the relationship between economic crisis and reforms. It has been well documented that a period of reforms generally follows a period of crisis. Such a phenomenon has been appropriately termed as the “crisis hypothesisâ€. Reforms here can mean a v...
TOKYO: Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. The Cabinet Office reported that Japan’s preliminary seasonally adjusted real gross domestic product, or GDP, the sum of a nation...
Countries and international organisations have lined up to help Lebanon after a massive warehouse explosion sent a blast wave across Beirut, killing at least 145 people and injuring nearly 5,000. Below are details of some of the international assistance offered. BANGLADESH – Emergency food, medical supplies and a medical team. BRITAIN –...
French president due to visit Beirut on Thursday Dozens still missing after Tuesday’s huge blast Officials start counting enormous cost of explosion World Bank says working to mobilise financial support BEIRUT: Lebanon mourned on Thursday the victims of the most powerful blast to hit the country that was already being crushed by an economic...
Country saw its GNI per capita rise to $1,090 in 2019, but economists says it doesn’t mean much in terms of development KATHMANDU, JULY 3 Nepal is now officially a lower-middle income country, an upgrade from its previous status as low income nation, according to the World Bank’s latest country classifications by income level publishe...
MUMBAI: India’s coronavirus infections surpassed 600,000 on Thursday, with 17,834 deaths, as authorities battled to contain the pandemic while easing lockdown rules, officials and the health ministry said. The increase presents a severe challenge for India’s strained medical capacity and overburdened health system. An easing phase cal...
BRUSSELS: The European Union on Tuesday is announcing a list of nations whose citizens will be allowed to enter 31 European countries, but most Americans are likely to be refused entry for at least another two weeks due to soaring coronavirus infections in the US. As Europe’s economies reel from the impact of the coronavirus, southern EU cou...
MADRID: Spain reopened its borders to British tourists on Sunday in a bid to kickstart its economy while Brazil and South Africa struggled with rising levels of coronavirus infections. At a campaign rally, President Donald Trump said he told his government to reduce US testing for the virus, an apparent attempt to avoid unflattering statistics. The...
Global IME Bank of Nepal has opened it’s liaison office in London now. The office has been established in the 19 Union Street of Aldershot in the second week of this past November. “The liaison office has been in operation with the aim to provide the facility of creating back accounts as per the necessities of customers as well as pro...
The publicly-funded BBC has been forced to publish the names and salaries of its highest-earning actors and presenters, unleashing a national debate about fame, gender, race and the use of taxpayers' money. The list shows that the BBC pays 96 on-air personalities at least 150,000 pounds ($319,000) a year, meaning most earn more than the Prime...