Miftah Ismail is the fifth finance minister to quit in less than four years as Pakistan’s economic woes are worsened by recent flooding. Pakistan’s Finance Minister Miftah Ismail has said he will formally resign from the role amid an economic crisis exacerbated by the recent devastating flooding, as he becomes […]
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Dow sinks to 2022 low as recession fears roil world markets
BEIJING — Stocks fell sharply worldwide Friday on worries an already slowing global economy could fall into recession as central banks raise the pressure with additional interest rate hikes. The Dow Jones Industrial Average fell 1.6%, closing at its lowest level since late 2020. The S&P 500 fell 1.7%, close […]