Browsing: Business

There was a notable rise in oil prices on Monday. This was due to a weaker dollar and supply concerns ahead of the European Union’s embargo on Russian oil in December. This offset fears of a global recession that could

Annual inflation in the euro area increased from 8.9% in July to 9.1% in August 2022. The rate was 3.0% a year earlier. In August 2022, the annual inflation rate in the European Union was 10.1%, up from 9.8% in

The government’s spokesperson said on Friday Tunisia hopes to reach an agreement with the International Monetary Fund by the end of October, following a wage agreement with unions. A 5% wage increase for the public sector was agreed upon on

At the 22nd SCO Summit today in Samarkand, Uzbekistan, Prime Minister Narendra Modi attended the event along with leaders from SCO countries. These included Russian President Vladimir Putin, Chinese President Xi Jinping, Pakistan Prime Minister Shehbaz Sarif, and Uzbekistan President

A fall in the workforce and other signs suggest that the country’s jobs boom is petering out added to the Bank of England’s inflation concerns. This is because the country’s unemployment rate hit its lowest since 1974. In the three

Governing council of the European Central Bank (ECB) decided to increase the three key interest rates of the ECB by 75 basis points. As a result, the interest rates on main refinancing operations as well as marginal lending facility and

There was a drop in Chinese trade in August due to a decline in global consumer demand and a drop in domestic demand, as a result of high energy prices, inflation, and anti-virus measures. The growth rate of exports decreased

In the southwestern province of Sichuan, where a 6.8 magnitude earthquake struck on Monday, Chinese state media reported that the roads leading to the epicenter have reopened. Traffic has resumed. However, the death toll has risen to 74. The People’s

As the impact of COVID-19 curbs in top crude importer China and expectations of more interest rate hikes spurred fears of a global economic recession and decreased fuel consumption, oil prices dropped more than $1 on Wednesday to their lowest

Indian economy will reach third place in the world by 2029. India will surpass Germany by 2027 and Japan most likely by 2029, according to a State Bank of India report. According to the report, the country has undergone a