Qatar Central Bank Governor Bandar bin Mohammed bin Saud Al Thani announced that the country’s financial situation is suitable for the local currency to be pegged...
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South Korea’s unemployment rate fell by 2.5 percent in May. South Korea’s unemployment rate hit a record low of 2.5 percent in May, a level last seen in August 20...
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Copper prices fell below $8,000 per tonne for the first time in six months following weak economic data from China following the end of COVID-19 restrictions. Cop...
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South Korea’s unemployment rate fell by 2.5 percent in May. South Korea’s unemployment rate hit a record low of 2.5 percent in May, a level last seen in August 20...
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The Fed minutes highlighted the division among officials on further rate hikes. The minutes indicated that the extent of possible rate hikes had become less certa...
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Economists on Wall Street are warning that weakness in China’s property market could be a drag on the economy in the coming years. “We see persistent weakness in ...
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It has been calculated that Brexit has caused food inflation in the UK to be 30% higher, adding an additional £7 billion to households’ food bills since December ...
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The Fed would make a big mistake if it skips a rate hike this week, senior economist Mohamed El-Erian warned in a Financial Times op-ed on Monday that “skipping” ...
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The classification, qualifications and types of businesses of SMEs have been redefined. The regulation on Small and Medium-Sized Enterprises (SMEs) entered into f...
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The Bank of England’s current series of rate hikes may take longer to be felt than previous tightening cycles and may have limited impact on inflation in the very...
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Minister of Treasury and Finance Nureddin Nebati stated that the banking sector has demonstrated its strength beyond dispute and said, "Despite the recent bankrup...
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According to a written statement by the German Foreign Ministry, Germany has launched a pilot application to reduce the delay in visa applications and shorten the...
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International credit rating agency Fitch Ratings has placed the US’s “AAA” credit rating on negative watch due to the debt limit impasse. In a statement, Fitch sa...
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Russian President Vladimir Putin said, “We entered into the agreement to support developing countries and to lift the embargo on our agricultural sector. We have ...
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Asian markets led losses, with Hong Kong stocks down 2%. Hong Kong’s Hang Seng led losses in Asia, falling 2% to hit a two-month low for the first time since Marc...
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The World Bank announced that it has approved $549 million in funding for Turkey to increase the use of renewable energy in central government and municipalities....
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The Bank of South Korea (BoK) did not change interest rates in its third consecutive meeting, as markets expected. The Bank of Korea kept its benchmark interest r...
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German tourism operator TUI has said it is expecting a strong summer season, with bookings rising for the first time compared to the period before the coronavirus...
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“Whether we raise or skip at the June meeting will depend on how the data comes in over the next three weeks,” Fed Governor Christopher Waller said. While insisti...
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Gold rose after investors expected the Fed to pause interest rate hikes after US inflation data indicated a cooling trend. Gold rose after three days of declines,...
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The latest reading for Germany's national income in the first quarter of the year was revised down to a 0.3 percent contraction. Thus, the country entered recessi...
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