Official estimates reveal that the UK economy grew by 7.5 per cent last year, despite a drop in December owing to Omicron limitations.   It was the fastest rate of growth since 1941, but it followed a 9.4 percent drop in 2020 when the epidemic pushed portions of the economy to close.  ...

Price increases in the United States last month grew faster than expected, pushing the annual inflation to 7.5 per cent, which was the highest rate since 1982.   Food and energy prices contributed to the hikes, which left few spending categories unaffected.  ...

The U.S. and Japanese governments reached an agreement to reduce tariffs on imports of a limited amount of Japanese steel in order to expand trade between the countries and counter "unfair trade practices" by the PRC, said U.S. Trade Representative Katherine Tai. "This agreement, combined with last...

Within every great debate there are certain rigid facts. As the arguments on both sides evolve, it becomes clearer which points bend and which stubbornly endure. In the debate over cash and the digitalisation of money, one consideration that cannot be so easily brushed aside is the likelihood of...

The organizers of the Beijing Olympics faced a shortage of goods with the image of the mascot of the Games - the panda Bing Dwen Dwen. Demand for them increased sharply after the start of the competition, but production volumes were limited due to the closure of factories for the Chinese New Year....

The world's largest oil exporter, Saudi Aramco, raised prices for its key markets. The decision comes days after OPEC+ countries announced a 400,000 bpd increase in oil production in March. Saudi state oil company Saudi Aramco has raised the price of its oil for refiners in Asia, the U.S. and...

According to reports quoting top government official sources, India's official digital currency is expected to be released by the beginning of 2023. The Indian official cryptocurrency will function similarly to other commercially accessible digital currencies, with the exception that it will...

Despite the interruption created by the Omicron variant of coronavirus, hiring in the United States was solid last month.   According to the Labor Department, employers gained 467,000 jobs. That was a lot better than the experts had projected.   The unemployment rate increased...

The president of the International Monetary Fund has said it was "too early" to judge whether the global economy was in for a period of prolonged inflation but cautioned that failing to make economies more resilient to future economic shocks may result in major consequences.   Global...