Economy
-
Germany’s factory orders sharply decline in July
German factory orders fell more than expected in July, official data showed Wednesday, in the latest setback for Europe’s largest economy as it ... Economy -
UK economy shrinks for second month in a row in April, weighed down by inflation
British economic output declined for a second month in a row in April, weighed down by decades-high inflation, official data showed Monday.Gross ... Economy -
How inflation and tangled supply lines are gripping US economy
Since the pandemic erupted two years ago, Forest Ramsey and his wife, Kelly, have held the line on prices at their gourmet chocolate shop in ... Economy -
Bahrain central bank governor expects real GDP to grow 3.1 pct in 2021
Bahrain’s central bank governor, Rasheed Mohammed al-Maraj, said in an interview published on Sunday he expects real gross domestic product to grow ... Economy -
IMF sees global GDP in 2021 slightly below prior forecast of 6 percent
The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6 percent, IMF chief Kristalina ... Economy -
WTO says goods trade surging above pre-pandemic peak
A resurgence of global economic activity has lifted merchandise trade above its pre-pandemic peak, the World Trade Organization said Monday as it ... Economy -
UAE to pursue aggressive timeline on trade talks with eight countries: Trade minister
The United Arab Emirates will pursue an aggressive timetable to negotiate broad economic agreements with eight countries it wants to deepen trade ties ... Economy -
Greece forecasts fastest GDP growth in two decades, plans additional tax cuts
The Greek government raised its growth estimate for 2021, with the country set to repeat the economic performance not seen in about two decades.The ... Economy -
Algeria posts GDP growth of 2.3 percent in the first quarter
Algeria's gross domestic product (GDP) grew 2.3 percent in the first quarter of this year helped by a better performance from the energy sector, ... Economy -
Algeria's president orders government to sell stakes in state banks, firms
Algerian President Abdelmadjid Tebboune on Sunday ordered his government to sell stakes in state companies and banks, the presidency said, part of ... Banking & Finance -
China makes alternative proposal for COVID-19 origin probe spanning many countries
China says it has put forward alternative parameters for a second probe into the origins of Covid-19 that should span multiple countries, Beijing’s ... Coronavirus -
Britain’s inflation rate nears three-year peak as economy reopens
Britain’s annual inflation rate has soared close to a three-year peak as consumer prices accelerated on easing virus curbs, official data showed ... Economy -
Turkey’s inflation hits two-year high, jumping to 17.5 percent
Turkish annual inflation jumped to a two-year high of 17.53 percent in June, exceeding a forecast of 17 percent and continuing an extended rise after ... Economy -
Bahrain’s economy expected to grow by 3.1 percent in 2021, 2022
Bahrain’s economy is expected to grow 3.1 percent this year and next, recovering from last year’s downturn.Gross domestic product contracted 2.1 ... Economy -
Sudan crosses last hurdle towards debt relief, reaches IMF HIPC point: Official
The International Monetary Fund's executive board has decided that Sudan has reached the decision point for the Highly Indebted Poor Countries (HIPC) ... Economy -
UAE budget balance improves as economy rebounds from COVID-19 pandemic
The United Arab Emirates budget balance improved in the first half of the year as the economy began recovering from the COVID-19 pandemic, the state ... Economy -
Indian states need greater financial aid from federal government: S&P report
Indian states’ weaknesses outweigh their strengths as they battle the pandemic and they need financial support from the federal government, which is ... Economy -
IMF says board discussed $650 bln expansion of reserves
The International Monetary Fund’s executive board on Friday discussed a proposed $650 billion expansion of its emergency reserves, marking the next ... Business -
IMF board approves final Egypt $1.7 billion loan disbursal
The IMF executive board on Wednesday said it had approved Egypt’s request for a $1.7 billion loan, its final disbursement under a plan aiding its ... Economy -
IMF secures sufficient pledges to provide comprehensive debt relief to Sudan
The International Monetary Fund (IMF) said on Tuesday it has secured sufficient financing pledges to allow it to provide comprehensive debt relief to ... Economy