Economy

Singapore unveils $1.08B package to handle inflation

On Tuesday, Singapore announced a $1.08 billion support package to shield lower-income households from inflation and rising energy prices. Subsequently,…

2 years ago

Germany’s producer prices accelerated at record speed

Germany’s producer prices inflation soared to a record high in May, reflecting the effects of the Russia-Ukraine geopolitical crisis. The…

2 years ago

UK unemployment rate notches a higher turn

The United Kingdom's unemployment rate rose in the three months to April, marking the first increase since 2020. The UK…

2 years ago

UK economy fell in April amid red-hot inflation

The British inflation shrank in April, with output declining across all major sectors, consolidating worries of a possible recession. The…

2 years ago

UK businesses grew slower in May

The growth of businesses in the United Kingdom slowed sharply in May, hitting its weakest level since early 2021. The…

2 years ago

China’s services activity extends contraction in May

China’s services activity contracted for the third consecutive month, indicating a slow recovery despite the partial easing of COVID-19 curbs.…

2 years ago

Eurozone inflation rises to a new record high

In May, Eurozone inflation edged up to 8.10% year-over-year, marking another fresh record high. This economic figure added pressure on…

2 years ago

Spain’s annual inflation resumes upward trend in May

Spain’s annual inflation rate bounced back to its upward trajectory in May after its previous decline as prices rose at…

2 years ago

Eurozone business growth skids but remains strong

Eurozone’s business activity stepped lower in May but remained strong despite the headwinds associated with lower consumer spending and shortage…

2 years ago

German business morale hit a 3-month high in May

German business morale unexpectedly accelerated to a three-month high in May amid the buoyant services sector in Europe's largest economy.…

2 years ago

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