The World Bank forecast that the Middle East and North Africa (MENA area) economies will increase by 5.5% in 2022, the strongest rate since 2016. According to an estimate provided by the WB on Wednesday, "the MENA economy is likely to increase by 5.5 percent this year, the quickest pace since...

In August, the U.S. trade deficit decreased from a revised estimate in July to $67.4 billion, a $3.1 billion (4.3%) fall, according to a press statement from the U.S. Commerce Department's Bureau of Economic Analysis. According to analysts surveyed by DailyFX, the trade imbalance decreased from...

Following a barrage of criticism directed at the government, British Finance Minister Kwasi Kwarteng told the BBC that the government has decided to drop the proposal to eliminate the higher tax rate of 45% for persons with incomes exceeding £150,000 per year. The prime minister has chosen not to...

In order to entice French businesses to participate in the country's rehabilitation, French Prime Minister Élisabeth Borne of France has announced that an economic conference on Ukraine will be held in Paris in the near future. "In order to entice French businesses, I want to announce that we will...

At a meeting on Wednesday in Vienna, OPEC+ will discuss reducing oil production by more than one million bpd, Bloomberg writes. The ministerial monitoring committee and all of the alliance chiefs will meet informally on October 5 in Vienna, according to information provided by the organization...

Initial public offerings by US technology firms have fallen to their lowest levels since the 2008 global financial crisis, as stock market volatility, soaring inflation, and interest rate hikes have soured investor sentiment toward new listings.   According to Refinitiv data, only 14...

German Chancellor Olaf Scholz proposed a 200 billion euro ($194 billion) "defensive shield," including a gas price freeze and a reduction in fuel sales tax, to protect businesses and households from the impact of rising energy prices.   Europe's largest economy is struggling to cope with...

According to a statement posted on the bank's website, the Bank of England (the British central bank) will begin purchasing long-term U.K. government bonds to stabilize the market and prevent financial instability in the midst of the bond market crisis. The program will last for the next six...

To halt the negative trend in the oil market, which has formed amid a rising currency and recessionary fears, the OPEC+ coalition must reduce production. Analysts at UBS reported this on Tuesday. The bank's analysts stated that the alliance's failure to reduce supply "is expected to put significant...