As the United States Federal Reserve continues to raise interest rates, analysts and economists will be watching how banks’ mortgage businesses perform during their second-quarter earnings this month. The mortgage industry is downsizing after adding tens of thousands of workers… Read More ›
According to official numbers released on Friday, nearly half of British citizens have reduced their food purchases as costs rise, while others have had to increase their spending on groceries. British consumer price inflation hit a 40-year high of 9.1… Read More ›
The International Monetary Fund (IMF) chief warned on Wednesday that the global economy’s outlook has “darkened markedly” since April, and she cannot rule out a worldwide recession next year given the high risks. IMF Managing Director Kristalina Georgieva told Reuters… Read More ›
Sri Lanka’s president says he has asked Russia’s Vladimir Putin for assistance in importing fuel as the country faces its greatest economic crisis since its independence from Britain in 1948. Gotabaya Rajapaksa claimed he and Putin had a “very productive”… Read More ›
Twitter has filed a legal challenge to the Indian government requests to remove information. According to reports citing sources, the social media giant has filed a lawsuit with the Karnataka state high court against “many” such decisions. Twitter was responding to… Read More ›
The United Kingdom’s competition watchdog launched a probe into Microsoft’s proposed acquisition of video game maker Activision Blizzard on Wednesday. It is one of the first significant antitrust investigations into the $68.7 billion acquisition, which was announced in January. The… Read More ›
Zimbabwe’s central bank will begin selling gold coins as a store of value this month in order to combat rampant inflation, which has significantly undermined the local currency. The central bank governor, John Mangudya, said in a statement on Monday… Read More ›
After a senior management at gas producer Gazprom announced a plan to broaden the payment arrangement, major Asian customers of Russian liquefied natural gas (LNG) claimed they had yet to receive requests to pay for supply in Russian roubles. The… Read More ›
The world’s seven major industrialized economies have proposed a price restriction on Russian oil in order to further constrain the Kremlin’s capacity to fund its offensive in Ukraine and to safeguard consumers from rising energy prices. However, the G-7′s pursuit… Read More ›
Another prominent Chinese developer has gone bankrupt, adding to the woes of the world’s second largest economy’s real estate sector. According to a company filing with the Hong Kong stock exchange, Shanghai-based Shimao Group failed to pay the interest and… Read More ›
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