A rush for dollars as global economic slump fears loom has beaten and scarred other currencies, with the euro suffering the most as rising European gas prices worsen economic growth concerns.   Analysts anticipate the euro, which plummeted to its lowest level since 2002 on Tuesday, will soon...

The Bank of England issued a warning about the worsening economic prospects for both the UK and the rest of the world and suggested that lending institutions increase buffer capital to prepare for impending shocks. The Bank of England stated in its financial stability report that "the economic...

According to a survey, six in ten customers believe low prices will become more influential when deciding where to shop and what to buy in the next two years. According to the Institute of Customer Service, firms must provide more than just discounts to customers.   According to the...

On Tuesday, the euro dropped to its lowest level in two decades, falling more than 1 per cent for the day to $1.0283.   It comes as fears of a eurozone recession grow, gas prices skyrocket, and the Ukraine conflict shows no signs of abating.   Inflation in the eurozone reached a...

According to satellite data released on Monday, the amount of copper smelted globally decreased in June, primarily as a result of lower metallurgical capacity in Chile. The top producer of copper in the world, state-owned Codelco in Chile, said on June 8 that it had temporarily shut down its...

ECB: If gas supplies from Russia are cut off, the economy of the eurozone may enter a recession. According to Luis de Guindos, vice president of the European Central Bank, if gas deliveries from Russia stop and European industry is forced to adjust to energy shortages, the euro zone economy could...

With the country facing its worst economic crisis in more than 70 years, Sri Lanka's energy minister has given a dire warning about the country's fuel stockpiles. Kanchana Wijesekera stated on Sunday that the country barely has enough petrol for less than a day under normal demand....

Although American electric car manufacturer Tesla boosted production and shipments of automobiles in the second quarter of 2022 compared to the same period in 2021, the results compared to the prior quarter were down. In April through June, Tesla produced 258,580 cars, up 25.3 percent year over...

According to official data issued on Friday, Brazilian fertiliser imports increased 18.6 per cent in June to 4.15 million tonnes, allaying concerns about delivery problems due to trade restrictions on key suppliers.   According to the data, Brazil, which imports approximately 85 percent of...