Global recession fears peak as Asia’s manufacturing slows
Sluggish factory activity in Japan, S.Korea, and Taiwan amid inflation and supply disruption....
Category : Economy
Iran, Argentina submit applications to join BRICS
It was Russian President Vladimir Putin’s first meeting with the leaders of major economies since the beginning of the invasion of Ukraine....
Russia defaults on foreign debt, the first time since 1918
Russia has already missed its deadline on Sunday night when it had to meet the 30-day grace period....
G7 bans Russian gold following Ukraine war
British PM Boris Johnson said that Vladimir Putin is unnecessarily spending his resources on this pointless war against Ukraine....
Our economy has completely collapsed: Sri Lanka PM Wickremesinghe
Many Sri Lankan lawmakers have boycotted the Parliament to protest against PM Ranil Wickremesinghe....
UK inflation rate hits 40-year high at 9.1%
The Office for National Statistics said that consumer price inflation rose slightly from 9% in April....
US Fed raises interest rate by 0.75 percentage-point, highest since 1994
The decision comes in the backdrop of consumer price inflation hitting 8.6% in May, the highest since 1981....
Essential workers may quit as UK petrol prices reach all-time high
Transport and healthcare employees are "paying to go to work"....
Recession may hit America by 2024
Rising interest rates induced a recession six out of seven times in American history....
What is stagflation? And how does it affect you?
The World Bank forecasted decade-long stagflation for the global economy....