Category: Economy News

UK unemployment level drops to lowest in 50 years
Economy News

UK Unemployment Level Drops Lowest 50 years

UK unemployment dropped to its lowest level in almost half a century in the first quarter of 2022, with nearly a million people switching jobs as vacancies rose to 1.3mn. Data released on Tuesday underscored

Raiffeisen Bank watches for options
Economy News

Raiffeisen Bank watches for options

On Wednesday, the Austrian lender’s earnings statement noted that the bank booked its highest ever net fees and commissions income in the first quarter amid what it stated was exceptionally high currency business in Russia

Russian war is endangering Middle East`s food
Economy News

Russian war is endangering Middle East`s food

Russia’s unprovoked invasion of Ukraine now endangers a considerable proportion of the wheat and grain that these countries depend on. Concurrently, Russia and Ukraine account for roughly one-third of the world’s global wheat exports, almost

Canadian banks are fighting hard labor market
Economy News

Canadian Banks Are Fighting Hard Labor Market

Their expansion amid swelling inflation could threaten profit margins, mainly as higher interest rates weigh on loan volumes. But they are not adding staff when clients desire more advice and personalized solutions; moreover, better digital

Risks of global recession approaching
Economy News

Risks of global recession approaching  

The war in Ukraine, Russia sanctions, China’s “zero COVID” procedures, spiking inflation, and interest hikes by the United States Federal Reserve are all ready to crumple growth in 2022. Whether worsening conditions and ill-judged policy

The U.S. halts Russian debt payments
Economy News

The U.S. halts Russian debt payments

Under sanctions set in place after Russia invaded Ukraine on Feb. 24, foreign currency reserves owned by the Russian central bank at US financial institutions were frozen. But the Treasury Department had been permitting the

EU plans energy imports sanctions towards Russia
Economy News

EU plans energy imports sanctions towards Russia

Nevertheless, the bloc remains divided over whether to expand those sanctions to energy imports, despite mounting evidence of war crimes committed by Russian forces in Ukraine. Ukraine’s top prosecutor has spoken that 410 bodies had

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