Category: Economy News

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

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

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

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

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

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

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

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