Economy

Britain’s economy shrank in the second quarter, official data showed Friday, as the country heads towards recession under a new prime minister. UK gross domestic product dropped 0.1 percent in …

Egypt’s annual urban consumer inflation accelerated to 13.6 per cent year-on-year in July from 13.2 per cent in June, data from the country’s statistics agency CAPMAS showed on Wednesday. Meanwhile, …

The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain’s economy, BoE …

The President, African Development Bank (AfDB) Dr Akinwumi Adesina says the bank is set to deliver climate-adapted, certified wheat and other staple crops seeds to 20 million farmers. Adesina said …

US job growth unexpectedly accelerated in July, lifting the level of employment above its pre-pandemic level and pouring cold water on fears the economy was in recession. The Labor Department’s …

Turkish inflation rose to a fresh 24-year high of 79.6 per cent in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed …

The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, raising the risk that the economy …

File photo: U.S. Treasury Secretary Janet Yellen speaks during a lunch meeting with women entrepreneurs in Seoul, South Korea, July 19, 2022. Lee Jin-man/Pool via REUTERS/File Photo U.S. Treasury Secretary …

Nigeria’s Gross Domestic Product (GDP) grew by 3.11 per cent (year-on-year) in real terms in the first quarter (Q1) of 2022, the National Bureau of Statistics (NBS) has said. In …

Bitcoin is not a cure-all for Africa’s economic woes, the International Monetary Fund warned Thursday, after the Central African Republic adopted the cryptocurrency as legal tender. The head of the …