Economics

The economy of the United Kingdom is straying farther off course as prices rise. According to insolvency firm Company Debt, a third of fish and chip businesses are at risk

According to the minutes of the May meeting of the US Federal Reserve (Fed), a majority of participants believe that a new 50 basis point interest rate hike at the…

According to business leaders and policymakers at the World Economic Forum, a rising global food crisis is prompting countries to take protectionist measures, which are likely to exacerbate the problem

According to the country's Attorney General Merrick Garland, Swiss commodity trader Glencore would have to pay about $1.2 billion to settle legal allegations from US authorities.

Despite the recent drop in digital coin values, participants were treated to a free bitcoin pizza booth and a “Liquidity Lounge” at this year’s summit in Davos, where blockchain and

After a three-week suspension, Indonesia permitted palm oil exports to resume on Monday, but shipments were not anticipated to begin until new guidelines aimed at assuring domestic supply of the

In order to lower gasoline prices on the domestic market, the US government is considering eliminating a number of environmental laws.

The government of Indonesia announced earlier this week that it will reimpose a domestic sales restriction for palm oil, a day after the world’s largest producer of the key edible

A senior HSBC banker in charge of sustainable investments claimed in statements that prompted fire from climate campaigners that central bank policymakers and other world authorities are misrepresenting the financial

A draft declaration showed that the Group of Seven finance leaders agreed on Thursday to provide $18.4 billion to help Ukraine pay its debts in the coming months, and that

For the first time in seven years, Japan’s core consumer inflation surpassed the central bank’s target of 2 per cent in April, but only due to growing import costs, not

The European Commission (EC) has proposed a €210 billion plan to phase out Russian energy resources entirely by 2027.

The economic consequences of Russia's military action in Ukraine have caused S&P to lower its GDP growth forecast for some of the world's top countries for the next two years.…

Last month, inflation in the United Kingdom reached its highest annual rate since 1982, forcing finance minister Rishi Sunak to provide additional assistance to people and the Bank of England

There was a more than predicted expansion of factory output in the United States in April driven by the ongoing high demand for automobiles and other items, which should support

Economists at the World Economic Forum (WEF) in Davos, Switzerland, have compiled five scenarios for the global economy and trade against the backdrop of the geopolitical situation. The document is…

China has released poor economic data for April, highlighting the country’s enormous damage caused by Covid lockdowns. Retail sales and industry production in the world’s second largest economy fell dramatically

India has imposed restrictions on wheat exports. The country was expected to be able to replace grain supplies from Ukraine, which fell amid the conflict, but its own food security…

Cryptocurrencies suffered significant losses on Friday, with bitcoin trading at $30,000 and on track for a record losing streak due to the collapse of TerraUSD, a so-called stablecoin. Concerns about

The world economy is threatened by a recession, experts from the international Institute of International Finance have warned. They also sharply lowered its growth forecast. Among the reasons are the…

According to a statement on the Bank of Mexico's website, the Governing Council hiked the key rate for the third time in 2022, by 50 basis points to 7%.

Even with lower output from sanctions-hit Russia, the world will not run out of oil, the International Energy Agency (IEA) declared on Thursday, in a U-turn from its March prediction

On Thursday, the collapse of TerraUSD, one of the world’s largest stablecoins, sent shockwaves across cryptocurrency markets, plunging Tether below its dollar peg and driving bitcoin to 16-month lows. Cryptocurrencies

UK GDP in the first quarter of 2022, according to preliminary estimates, grew by 8.7% year-on-year and by 0.8% quarter-on-quarter, according to the country's national statistics office.

According to a report published by the news agency Reuters based on source information, German officials are secretly developing an emergency package for any sudden halt in Russian gas supply,

For the first time, shipments of Russian oil and gas via Ukraine have been blocked since the start of the Russian invasion of Ukraine. That has resulted in Russian gas

Russian President Vladimir Putin established an international payments working committee, tasked with determining terms for transactions with “unfriendly” countries. Putin warned in March that Russia, the world’s largest natural gas

Corporate growth projections for the current quarter and 2022 are mainly dropping as oil and other supply costs rise and interest rates rise, as first-quarter results near their end. High

Tesla signed a long-term contract with Brazilian mining company Vale to supply nickel. It is used in batteries of electric cars.

The Bank of England raised its benchmark interest rate to 1% from 0.75% per annum at Thursday's meeting, a 13-year high, and maintained its buyback programme from the market, according…

According to data released on Thursday, Turkey’s annual inflation hit a two-decade high of 69.97 per cent in April, fueled by the Russia-Ukraine conflict and soaring energy and commodity prices

In its heaviest measures yet to penalize Moscow for its invasion of Ukraine, the European Union’s chief executive recommended a progressive oil embargo on Russia, as well as penalties on

Liquefied natural gas (LNG) shipments from terminals to Europe's gas transportation system in April 2022 were a record for the month. Gas Infrastructure Europe (GIE) specified that the index was…

Because sea routes are restricted, around 4.5 million tons of grain in Ukrainian ports cannot be exported, says Martin Frick, director of the UN World Food Programme's German department.

The United States’ economy unexpectedly dropped in the first quarter, owing to a return in COVID-19 infections and a dip in government pandemic assistance funds, although the drop in output

Rajensingh Pawar, an Indian farmer, is selling his new wheat crop to private merchants rather than the state stockpiler for the first time in almost a decade, as a worldwide

South Korea will raise coal imports from Australia by one-and-a-half times to lessen reliance on Russian coal, which is becoming more expensive due to the Ukraine conflict, according to the…

Economists polled by DailyFX believe that US GDP increased by 1.1 percent year over year in the first quarter, according to the first estimate (if GDP had been expanding at…

Twitter has announced that Elon Musk, the founder of SpaceX and Tesla, will purchase the social media platform for $44 billion.

According to an official, Saudi Arabia is aiming for a tenfold rise in foreign airline passengers crossing the country by the end of the decade in order to triple yearly

With increasing costs of raw material force it to focus on maintaining a economic recovery that is still fragile, the Bank of Japan is expected to retain ultra-low interest rates

Steel tycoon James Brand speaks above the sound of metal being poured into a foundry furnace, explaining how rising expenses have forced him to hike his rates by 70 per

Christine Lagarde, President of the European Central Bank has urged officials to hold off on expressing dissenting views on decisions for many days, a practise opponents say stymies their ability

The International Monetary Fund said talks with Sri Lanka about a possible IMF loan programme are still in the early stages, and any agreement would require “sufficient indications” that the

In March, Japan’s trade imbalance was more than four times larger than market expectations, as China-bound exports slowed abruptly and rising energy costs upped the cost of imports, compounding the

The IMF has worsened its forecast for the global economy in 2022 and 2023 - GDP growth will slow to 3.6% in 2022 and 2023.

The International Monetary Fund lowered its prediction for global economic growth by almost a full percentage point on Tuesday, because of Russia’s invasion of Ukraine, while also issuing a warning

The World Bank has cut its global economic growth expectations for 2022 from 4.1 percent to 3.2 percent, said David Malpass, the organization's president.

The Russian invasion of Ukraine has forced the World Bank to lower its prediction for global growth for 2022 by nearly a half a percentage point, to 3.2 per cent

According to first quarter filings and experts, the future for banks’ home lending portfolios is bleak, with rising interest rates scaring away would-be mortgage consumers. According to data from the