The largest annual rise in inflation in almost four decades occurred in December, in the United States as rental housing and used cars held onto their strong gains, resulting in inflation. This has bolstered expectations that the US Federal Reserve will begin...

US Federal Reserve Chairman Jerome Powell said that he was ready to start raising interest rates to avoid overheating the economy. However, he expressed optimism that supply-chain disruptions will be tapered off this year, slowing the rate of inflation. The central bank will use its tools "to...

Oil and gas investments globally will grow by 4% this year from 2021 to $628 billion, according to analysts at Rystad Energy. "Rystad Energy's analysis suggests that total gas and oil investment will grow by 4% this year, to $628 billion from $602 billion in 2021," Rystad writes. A significant...

Developing countries such as Russia, Brazil and South Africa should prepare for a rise in US interest rates that would lead to economic turbulence, capital outflows and depreciation of their national currencies, the IMF said. Rising wages, supply disruptions and inflation make a tightening of Fed...

British manufacturers are optimistic that business conditions and productivity will improve this year despite most saying they have been hurt by Brexit and rising costs, according to an industry survey published on Monday.   About 73 per cent of the manufacturers who were surveyed in the...

The Asian island country Sri Lanka is currently facing an acute economic crisis. The President of the country has requested China to restructure its debt repayments so that this South Asian country is able to combat its financial crisis which is worsening.   The proposal was made by Gotabaya...

PayPal is thinking of launching its own cryptocurrency with a stable price. A reference to "PayPal Coin" and the logo of the future digital currency, pegged to the U.S. dollar, was found in the code of the online wallet application. Online payment service PayPal is thinking about issuing its own...

Bitcoin could reach a value of $100,000, Goldman Sachs expects. It believes this is possible if the cryptocurrency can take market share away from gold. The value of Bitcoin could rise to $100,000, Bloomberg wrote, citing Goldman Sachs analysts. According to the bank, the value of the most popular...

US Federal Reserve chiefs signaled growing discomfort with the high inflation rate at the December meeting of the Federal Open Market Committee, where a shift to an earlier date for moving to higher interest rates was also discussed. Most of the meeting participants, whose forecasts were published...