Category: Economy News

The U.S. economy increased by 2.9%
Economy News

The U.S. Economy Increased by 2.9% in Q4

Gross domestic product (GDP) rose 2.9 percent annually in the final three months of 2022 after a 3.2 percent increase in the third quarter, the U.S. Commerce Department’s initial estimate showed on Thursday. Personal consumption,

Ghana continues talks with local pension funds
Economy News

Ghana Continues Talks with Local Pension Funds

In a request to mitigate an ongoing economic crisis, Ghana’s Government has arranged a staff-level agreement for a $3 billion loan package from the International Monetary Fund (IMF). The fund has stated that the IMF

TMN - nike
Economy News

Movements in the Market

Ukraine’s President Volodymyr Zelenskyy is assigned to address Congress in person, his first trip outside his country after Russia’s invasion ten months ago. Elon Musk is preparing to resign as Twitter CEO just as soon

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