Britain’s economy is under pressure from two huge risks: double-digit inflation and the possibility of a recession, leaving the Bank of England unsure how far it should hike interest rates. The Bank of England has hiked borrowing costs five times… Read More ›
In June, Eurozone economic morale decreased somewhat less than projected, as consumers and retail trade became more pessimistic, although sentiment in the industrial and services sectors recovered. According to the European Commission’s monthly survey, economic confidence across the eurozone’s 19… Read More ›
The chairman of the Federal Communications Commission in the United States has requested Apple and Google to remove TikTok from their app stores due to data security issues relating to China. The enormously popular short video app is owned by… Read More ›
Sri Lanka has halted sales of non-essential motor gasoline as the country faces its worst economic crisis in decades. For the next two weeks, only buses, trains, and vehicles used for medical services and food transport will be permitted to… Read More ›
European Central Bank President Christine Lagarde downplayed fears of a eurozone recession on Tuesday, saying her staff is ready to raise rates more quickly if inflation continues to rise. The annual conference of central bank officials is taking place in… Read More ›
Cathie Wood, CEO of Ark Invest, stated on Tuesday that the United States is already in an economic slowdown, and she conceded that she overestimated the severity and long-term impact of inflation. “We think we are in a recession,” Wood… Read More ›
Some investors view copper prices as a leading indicator of the world economy. If you are one of them, you have reason to be concerned. What’s going on: On Thursday, copper prices fell to a 16-month low as traders unloaded… Read More ›
Following a decline in Russian supply, Germany has moved one step closer to gas rationing. According to Germany’s economy ministry, the government has activated the “alert” level of its emergency gas plan to deal with shortages. It is the latest… Read More ›
As the West strives to cut economic connections, Russian President Vladimir Putin said Wednesday that Russia is rerouting commerce to “trusted international partners” such as Brazil, India, China, and South Africa. “We are actively engaged in reorienting our trade flows… Read More ›
Food price increases boosted British consumer price inflation to a 40-year high of 9.1 per cent last month, the highest rate among the Group of Seven countries and highlighting the severity of the country’s cost-of-living crisis. The reading increased from… Read More ›
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