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Financial Crisis News

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Pakistan Seeks $4.9 Billion Loan Amid Deepening Debt Crisis, Despite IMF Support

Faced with mounting debt and sluggish growth, Pakistan is seeking a $4.9 billion foreign loan despite IMF backing, as its GDP for 2024-25 grows just 2.68%, far below the government’s target, highlighting deep economic challenges....
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ED freezes Rs 170 crore of 30 bank accounts in money laundering case linking QFX Trade Ltd

The agents of QFX group of companies ran MLM Scheme under the name of QFX investment plan, wherein they create websites and apps social media ads to attract investors promising higher rate of return in the name of forex trading...
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'My parents had to break my piggy bank to run house.': Prajakta Koli’s heartfelt revelation

Prajakta Koli gets emotional recalling how her parents broke her piggy bank to manage household expenses during their financial crisis, marking the beginning of her family's journey to stability....
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What’s behind 108 billion dollar loss? DeepSeek’s AI revolution explained

Billionaires with AI-related assets were among the hardest hit. According to the Bloomberg Billionaires Index, Huang's wealth saw a 20% decline, resulting in a loss of $20.1 billion, while Oracle Corp co-founder Larry Ellison faced a significant loss of $22.6 billion in total....
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The Global layoff crisis: Shocking figures reveal massive job cuts across key sectors

No industry has been spared including food, transportation, education, finance, media and many more, according to the statistics shared by layoffs.fyi. These layoffs reflect the broader economic challenges facing these industries, as companies grapple with financial pressures and...

OpenAI in soup, might go bankrupt by end of 2024: Reports

OpenAI, the artificial intelligence studio led by Sam Altman might witness a potential financial crisis, according to Analytics India Magazine. The...

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