Joe Biden has won the race to become the next US president, defeating Donald Trump following a cliff-hanger vote count after Tuesday’s election. The BBC projects that Mr Biden has won the key battleground of Pennsylvania, propelling him over the 270 electoral college vote threshold required to clinch the White House. The Trump campaign has indicated their candidate does not…
Read MoreDay: November 8, 2020
Pakistan may return $2b Saudi Arabian loan
ISLAMABAD: Pakistan may return $2 billion Saudi Arabian loan and is looking for various options to secure more lending aimed at retaining gross official foreign exchange reserves at their current level of over $12 billion, Ministry of Finance sources told The Express Tribune. The second tranche of $1 billion of Saudi loan is maturing next month and there is likelihood…
Read MoreTurkey’s central bank chief ousted after lira plunges to record lows
The Turkish president, Recep Tayyip Erdoğan, has removed the governor of the country’s central bank from his post after the lira currency hit record lows, having lost 30% of its value since the start of the year. The decision to replace Murat Uysal as governor was made by presidential decree and announced in the country’s official gazette early on Saturday. It…
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