Economics

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

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

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…

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…

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.

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

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

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

According to a poll of economists conducted by the global news agency Reuters, the economy of Japan most probably regained some steam and growth in the final three months of

Microchip manufacturers have reported record annual sales amid global shortages and sharply increased demand for semiconductors. However, industry executives expect this figure to double further in less than a decade.

In December, Japan’s manufacturing output fell for the first time in three months, as a drop in machinery production offset a tiny increase in vehicles, casting doubt on the economy’s

Business activity has slowed down in China, official statistics shows. Experts attribute this to coronavirus restrictions as well as the authorities' order to limit production to reduce air pollution ahead…

The Confederation of British Industry said on Sunday that during the past three months, British businesses expanded at their weakest rate since April 2021. This was because of a sharp

According to a forecast by Goldman Sachs, the central bank of the United States – the US Federal Reserve, is set to make five increases in its interest rates in

Stephen Bullock gave up on the idea of obtaining raw materials and pieces only when they were needed on his manufacturing line eight months ago. Instead, Bullock, CEO of Power

Tens of billions of euros are set to be invested by the European Union in its chip industry in order to increase its share in the worldwide production of chips

The US has failed to make meaningful progress in fixing supply chain problems created by the coronavirus pandemic.

South Korean electronics maker Samsung Electronics' net profit attributable to shareholders rose by half last year in annual terms to 39.244 trillion won (about $32.7 billion), the company said.

The International Monetary Fund has revised down the growth expectations for the global economy: the forecast for 2022 has been lowered to 4.4% from the previous 4.9%; in contrast, the…

South Korea's economy grew by 4% in 2021, the highest in 11 years, the Bank of Korea said.

Large banks in the European Union will have to provide “pioneering” statistics starting in 2024 to illustrate how they support or hamper the climate goals of the block, according to

Interest rate hikes by the Federal Reserve could “throw cold water” on already sluggish economic recovery in some nations, according to Kristalina Georgieva, managing director of the International Monetary Fund.

On Thursday night, bitcoin and ether prices plummeted, wiping out over $150 billion from the cryptocurrency market. According to CoinDesk, Bitcoin has declined roughly 7 per cent in the previous

A day after Singapore’s first-ever SPAC, Vertex Technology Acquisition Corporation, started trading publicly on the city state’s exchange, a second blank check firm began doing the same on Friday. Pegasus

According to the results of Reuters’ poll, the Bank of England will continue its tightening cycle next month as red-hot inflation remains well over the goal and the economic threat

Gas consumption in the European Union fell by 10% in the third quarter of 2021 amid rising prices, according to a report from the European Commission.

The Bank of Japan (BOJ) has once again kept its interest rate negative at minus 0.1%, the regulator said in a statement following the meeting.

The economic growth of China staged a major turnaround in 2021, with the highest rate of growth in a decade which was driven by strong exports. However, there were concerns

The People's Bank of China lowered its key rate by 10 basis points. It did so shortly before the publication of the country's GDP data.

European banks shares gained 10% in early January, growing nine days in a row.

Proposals to participate in India’s $2.4 billion battery project have been formulated and submitted to the Indian government by Indian conglomerate Reliance Industries, South Korean automaker Hyundai Motor Co, and

Investors on Wall Street remained skeptical of the prospect of growth of the banking sector even though the chiefs of the largest United States banks remained optimistic on the economic

There was a 5.4 per cent drop in China’s annual crude oil imports in 2021 which was the lowest for the country since 2001. This was potential because of Beijing

The largest annual rise in inflation in almost four decades occurred in December, in the United States as rental housing and used cars held onto their strong gains, resulting in

US Federal Reserve Chairman Jerome Powell said that he was ready to start raising interest rates to avoid overheating the economy. However, he expressed optimism that supply-chain disruptions will be…

Oil and gas investments globally will grow by 4% this year from 2021 to $628 billion, according to analysts at Rystad Energy.

Developing countries such as Russia, Brazil and South Africa should prepare for a rise in US interest rates that would lead to economic turbulence, capital outflows and depreciation of their…

The Asian island country Sri Lanka is currently facing an acute economic crisis. The President of the country has requested China to restructure its debt repayments so that this South

British manufacturers are optimistic that business conditions and productivity will improve this year despite most saying they have been hurt by Brexit and rising costs, according to an industry survey

PayPal is thinking of launching its own cryptocurrency with a stable price. A reference to "PayPal Coin" and the logo of the future digital currency, pegged to the U.S. dollar,…

Bitcoin could reach a value of $100,000, Goldman Sachs expects. It believes this is possible if the cryptocurrency can take market share away from gold.

US Federal Reserve chiefs signaled growing discomfort with the high inflation rate at the December meeting of the Federal Open Market Committee, where a shift to an earlier date for…

Some European reinsurance companies raised property reinsurance rates by over 50 per cent starting January 1 this year when renewals were due following record insured losses last year being suffered

Analysts at the International Monetary Fund have identified the risks of central banks actively engaging in a green transition. In their assessment, this could lead to excessive volatility in financial…

Mexican oil company Pemex intends to significantly reduce oil exports next year to 435,000 barrels per day, ending it already in 2023, the company's head Octavio Romero said.

In November, Japan’s factory output increased at the quickest rate on record, as global supply chain constraints eased, allowing automobile production to recoup from its recent fall, raising hopes for

This year could be the worst for bond investors in more than 20 years. Yields on these securities have fallen due to rising global inflation. A bad period in the…

Profits for China’s industrial enterprises expanded at a significantly slower rate in November, according to the statistics bureau, owing to falling raw material prices, a sagging housing market, and weaker

Chinese authorities have now embarked on a mission to curb down on fake accounts and information and plans to conduct a critical evaluation of a host of online platforms in