Category: Economy News

Economy News

Central Bankers Struggle with Inflation

Prices had overflowed in May behind a small decline in April. This boosted hopes that a current uptick in inflation would not last long. Barkin stated the data, which initiated a U.S. bond market sell-off,

Zambia restructuring debt
Economy News

Zambia Restructuring Debt

Zambia is pushing hard to conduct the restructuring of almost $15 billion of outward debt in the first quarter of 2023. It is in active engagement with its most extensive bilateral creditor China, Zambia’s finance

Economy News

Four-Day Week Trial In The UK

CNN Business interviewed employees and partaking groups. Many do not want to return to the long working hours during the test phase. That’s how prosperous the decline in working hours has gone so far. After

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

China`s producer and consumer inflation increased
Economy News

China’s Producer and Consumer Inflation Increased

The producer price index (PPI) increased 8.3% year-on-year, as stated by data from the National Bureau of Statistics (NBS); it fell from 8.8% growth in February but beat a forecast for a 7.9% incline in