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Business

Web Desk Karachi
Jul 02, 2025

Bank of England plans major banknote redesign after 50 years

Since 1970, notable figures such as Sir Winston Churchill, who appears on the current £5 note, have been featured on banknotes. However, these figures may soon be replaced or complemented by new themes.

Business

Web Desk Karachi
Feb 25, 2025

Singapore’s DBS to reduce workforce by 4,000 amid rising adoption of AI

This statement makes DBS one of the first significant banking institutions to provide insights into the anticipated impact of AI on its workforce. However, the bank did not disclose the specific number of job reductions in Singapore or identify which positions would be affected.

Business

Web Desk Karachi
Feb 07, 2025

Bank of England Governor calls for ongoing US support for IMF, World Bank

Amidst rising worries among finance ministries and central banks worldwide regarding a possible US disengagement from these institutions, there are discussions in Washington about significant changes to the global financial system.

Business

Web Desk Karachi
Feb 06, 2025

Bank of England set to lower interest rates amid UK economic uncertainty

With inflation on a downward trend, the monetary policy committee (MPC), composed of nine members, is widely anticipated to cut rates by a quarter point to 4.5 percent, marking the lowest level since June 2023.