Economy

UK factory output eases to weakest since April 2021

The United Kingdom’s industrial output growth skidded to the slowest rate in more than a year in the three months…

2 years ago

Germany’s business confidence hits 2-year low

Germany’s business morale skidded to a two-year low in July amid high energy prices and looming gas shortages. The Ifo…

2 years ago

Eurozone’s June Inflation Hits a Record High of 8.60%

Eurozone’s annual inflation notched a record high of 8.60% last month, matching the average market estimate. The elevated figure strengthens…

2 years ago

New Zealand’s inflation hits a 3-decade high

New Zealand’s inflation has surged unexpectedly to a three-decade high, raising prospects of sharper central bank interest rate hikes. The…

2 years ago

Japan wholesale prices renew a record high in June

Japan’s annual producer price index surged 9.20% in June, surpassing the average market estimate of 8.80%. The upturn mainly benefitted…

2 years ago

China imposes fresh COVID-19 curbs

China imposes fresh COVID-19 curbs on multiple cities, from business halts to lockdowns, to rein in new infections. The tough…

2 years ago

Australia’s central bank hikes cash rates by 50 bps

The Reserve Bank of Australia (RBA) hiked its official cash rate by 50 basis points during its July 2022 meeting.…

2 years ago

Swiss inflation hits 29-year high on Ukraine war

Swiss annual inflation surged to 3.40% in June, marking the highest level since October 1993. The upsurge is a result…

2 years ago

Russia in historic default on external debt

On June 27, Russia defaulted on its international bonds for the first time in more than a century. This news…

2 years ago

G7 Summit: Biden unveils $600B infrastructure plan

On Sunday, US President Joe Biden announced plans to raise $600.00 billion for the Group of Seven (G7)’s global infrastructure…

2 years ago

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