Economics

Slowing inflation in the United States may have allowed the Federal Reserve to slow the pace of future interest rate hikes, but policymakers have made it clear that they will

Greece will leave the European Union’s so-called enhanced monitoring framework on August 20, its finance minister announced on Wednesday, giving the country more leeway in economic policymaking. The framework has

The so-called "chip law" was signed by US President Joe Biden. In order to boost the nation's competitiveness against Chinese technical advancements, it offers $52.7 billion in subsidies for semiconductor…

According to TVE news, farmers in Spain worry that one of the worst droughts the nation has experienced in a decade will raise food prices to a point where many…

According to four industry sources, Russian airlines, including state-controlled Aeroflot, are dismantling jetliners to get spare components that they can no longer buy outside due to Western sanctions. The efforts

According to Saxo Bank, the United Kingdom is a “emerging market country” due to political insecurity, trade interruptions, an energy crisis, and surging inflation. The Bank of England warned last

Official data showed that Indonesia’s economic growth surged in the April-June quarter due to an export boom fueled by higher commodity prices, but monetary tightening, rising inflation, and the prospect

Lufthansa released the second quarter's earnings.

A new program worth approximately €14.3 billion ($14.5 billion) has been approved by Italy on Thursday in order to shield businesses and individuals from rising energy and consumer goods prices.

The three-month interbank lending rate LIBOR jumped by 2.5 basis points, to 2.83 percent, reaching a record high since 2008, the height of the global financial crisis.

According to a business poll released on Wednesday, Russia’s services industry rose at its highest rate in more than a year in July, as strong domestic demand outpaced declining export

Experts argue that the export restrictions being explored by Washington to impede China’s progress in semiconductor manufacturing could come at a high cost, potentially upsetting delicate global chip supply networks

The second quarter's $8.45 billion profit for BP was a 14-year record.

According to data issued on Sunday by China's State Statistics Office, the country's business activity index (PMI) for the industrial sector dropped to 49 points in July.

A monthly survey released on Sunday revealed that British firms do not expect any growth in the next three months as rising living costs constrain consumer demand. The Confederation of

According to a poll released on Sunday, China’s manufacturing activity fell sharply in July after rebounding from COVID-19 lockdowns the month before, as new viral outbreaks and a bleak global

According to the International Monetary Fund, global inflation will be 8.3 percent this year and 5.7 percent next year, respectively.

According to data from the Bureau of Economic Analysis of the Commerce Department, the U.S. economy shrank by 0.9 percent in the second quarter of 2018.

One of the biggest producers of food and beverages in the world, Nestle SA, said that its sales increased 9.1% year over year to 45.58 billion Swiss francs ($47.4 billion)…

According to White House economic adviser Brian Deese, the U.S. administration would not extend its six-month limit on commodity interventions in the oil market.

According to a central bank official of China with direct knowledge of the situation, China will form a real estate fund to assist property developers in resolving a crushing debt

Singapore’s core consumer price index climbed at its fastest rate in more than 13 years, according to official statistics released on Monday, putting greater pressure on the central bank to

The Federal Reserve of the United States will choose for another 75 basis point rate hike rather than a greater move at its meeting next week to combat stubbornly high

Top Western energy corporations are likely to payout billions to shareholders when they report their second-straight quarter of record profits, boosted by excellent refining margins and high oil and gas

The Asian Development Bank (ADB) downgraded its forecast for this year's GDP growth in Asia, particularly China.

The second half of 2022 and 2023 will have lower oil prices, according to Goldman Sachs.

On Friday, the CNY dropped to a two-year low versus the US dollar, and is expected to close with the biggest drop since May this week.

The Sleipner field was partially shut down owing to a gas leak, according to the Norwegian oil and gas company Equinor.

Cost of long-term contracts for the purchase of green electricity has nearly doubled in the European Union.

According to data issued on Saturday by China's State Statistics Office, the consumer price index (CPI), a major gauge of inflation, increased 2.5 percent year over year in June 2022,…

Former Japanese Prime Minister Shinzo Abe, who was killed on Friday, had hoped to restructure the country’s economy. He was the country’s longest-serving prime minister, retiring in late summer 2020.

According to official estimates, the US economy added 372,000 jobs in June, considerably exceeding expectations. Economists predicted that the country will add between 250,000 and 295,000 jobs. According to the

According to a news statement from Gasunie, Dutch Shell and Czech CEZ inked a cooperative deal with the Dutch gas business Gasunie to provide 7 billion cubic meters of liquefied…

A small decline in the dollar provided some relief to the euro, allowing it to move away from two-decade lows recorded this week after surging oil costs fueled recession fears.

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

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…

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

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

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.

ECB: If gas supplies from Russia are cut off, the economy of the eurozone may enter a recession.

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

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…

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

A few chipmakers, notably Micron and AMD, have signalled weakening demand as high inflation squeezes spending, even as it alleviates a two-year worldwide semiconductor scarcity that has hampered production of

The European Union will seek agreement on ground-breaking rules for regulating crypto assets on Thursday, as the bitcoin crash increases pressure on authorities to rein in the sector. Globally, crypto

Due to a deteriorating political crisis, Libya's state-owned oil corporation National Oil Corp. (NOC) has halted deliveries from two important eastern ports, Es Sider and Ras Lanuf, reported Bloomberg.

According to four digital investigators, the cryptocurrency market crash has wiped out millions of dollars in assets stolen by North Korean hackers, endangering a crucial source of financing for the

According to a report from the United Nations Conference on Trade and Development, global increases in the price of grain and ship chartering will result in a 3.7 percent increase…

According to Bank of Japan Governor Haruhiko Kuroda, the Bank of Japan will maintain its ultra-soft policy because the Japanese economy is less impacted by inflation than other nations' economies.…

According to reports quoting sources, the European Central Bank will likely drain liquidity from the banking system to offset any bond purchases made to control borrowing costs for indebted eurozone