ECONOMY

Consumer prices slowed to 2.2 percent in August from 2.6 percent in July

Eurozone Inflation Falls To Three-year Low In August

Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy costs, official data showed on Friday, raising expectations of a European Central Bank interest-rate cut.
More news
Industrial production growth weakened in July

China's Underwhelming Data Dampens Hope Of Economic Recovery

Chinese industrial production growth slowed in July while unemployment rose, official data showed Thursday, highlighting an uneven recovery in the world's second-largest economy despite recent government measures to try to stimulate expansion.
Al Reem Island, Abu Dhabi

Abu Dhabi Global Market Announces UAE-China Summit

The announcement of a new trade forum, "The UAE-China Summit presented by HSBC," was made at the roadshow covering Shanghai and Hong Kong. The summit, which will be part of the upcoming edition of Abu Dhabi Finance Week in December, aims to boost trade, investment, and cultural exchange between the two countries.
Labour finance minister Rachel Reeves said public finances faced an extra hole of £22 billion

UK Warns Of Extra GBP22bn Hole In Public Finances

Britain's Labour finance minister Rachel Reeves declared Monday that the public finances face an extra GBP22-billion hole inherited from the previous Conservative administration and warned of "difficult decisions" ahead to cut spending or hike taxes.
Exports were the main driver for France's stronger-than-expected growth

France, Spain Log Solid Growth In Second Quarter

The French economy -- the eurozone's second biggest after Germany -- expanded by 0.3 percent in the second quarter, outperforming the INSEE statistics institute's earlier estimate of 0.1 percent
A debt crisis in China's colossal property sector is weighing on the world's number two economy

Chinese Leaders Pledge Further Support For Flagging Economy

Beijing is racing to achieve its goal of five percent annual growth in 2024, a target considered ambitious by many experts as the world's second-largest economy faces headwinds including an indebted real-estate market, flagging consumption and high youth unemployment.
Economists surveyed by FactSet and Bloomberg had forecast that inflation would slow to 2.5 percent

Eurozone Inflation Eases Slightly In June

Eurozone inflation cooled in June, official data showed Tuesday but experts say it will not be enough to convince the European Central Bank to accelerate its rate-cutting cycle despite sluggish economic growth.
President Javier Milei stopped all new public works projects as part of his drive to slash spending

Argentina's Growth Plummets 5.1% In First Quarter

Argentina's austerity-hit economy contracted by 5.1 percent in the first quarter, the national statistics agency said Monday, driven by a slowdown in the construction and manufacturing industries.
While the United States and other major economies have battled sky-high inflation in recent years, price rises in Japan have been less extreme

Japan Inflation Ticks Up In May To 2.5%

The Consumer Price Index (CPI) -- which excludes volatile fresh food prices -- rose 2.5 percent year-on-year, compared with the 2.2 percent logged in April by the internal affairs ministry.
A man walks past food price signs on a street in Buenos Aires on June 13, 2024

Argentine Monthly Inflation Lowest In 2.5 Years

Monthly inflation in economically troubled Argentina came in at 4.2 percent in May, the lowest in two-and-a-half years, mainly due to a drop in consumption, the INDEC statistics agency said Thursday.
British Prime Minister Rishi Sunak's Conservatives trail in polls ahead of the election

UK Economy Stagnates Heading Into General Election

Britain's economy stagnated in April after emerging from recession in the first quarter of the year, official data showed Wednesday, dealing a setback to Prime Minister Rishi Sunak ahead of next month's general election.
The euro has come under pressure owing to political uncertainty after a strong showing by far-right parties in EU polls and the calling of a snap parliamentary vote in France

European Stocks, Euro Extend Losses On Political Turmoil

European equities and the euro extended a sell-off Tuesday, fuelled by EU political uncertainty, while Asian markets also took a hit as investors looked ahead to inflation data and an interest rate decision in the United States.
The euro fell after far-right parties won big in European Union polls and France's President Emmanuel Macron called a snap parliamentary election

European Stocks, Euro Drop On EU Vote Turmoil

Europe's stock markets and the euro slid Monday after far-right parties performed well in EU elections, prompting French President Emmanuel Macron to call a snap parliamentary poll and plunging the bloc into political turmoil.

Pages