Economy

Sri Lanka’s economic growth slowed, government data showed Sunday, days ahead of the first presidential elections since an unprecedented financial meltdown in 2022. The economy grew at 4.7 percent year-on-year in the second quarter of this...

Serbian President Aleksandar Vucic announced on Friday a “significant increase” in financial aid for ethnic Serbs living in Kosovo. The promise came as Kosovo authorities are moving to dismantle a so-called parallel system of social services...

Chinese retail sales and industrial production growth slowed in August, official data showed on Saturday, as leaders in Beijing seek paths to achieve growth targets despite consumers’ reluctance to spend. More than a year and a...

Europe’s main stock markets rallied at the start of trading on Thursday following strong gains in Tokyo and on Wall Street thanks to big uplifts for tech shares. Investors were awaiting an expected cut in eurozone...

With inflation slowing and the economic outlook darkening, the European Central Bank is expected to cut interest rates again Thursday but is unlikely to give much away about its next moves. After raising rates at a...

Last month, the general point-to-point inflation rate decreased marginally, reaching 10.49 percent in August 2024, primarily as a result of a decreasing trend in food inflation. According to the most recent data from the Bangladesh Bureau...

Md Zakir Hossain Chowdhury and Md Kabir Ahmed, the executive directors of the Bangladesh Bank, have been appointed as deputy governors. The Financial Institutions Division of the finance ministry issued a notification regarding this matter. The...

The United Nations said it held talks Monday with rival powers in Libya over the country’s central bank crisis which has threatened vital oil income. The UN Support Mission in Libya hosted the two administrations separately...

Turkey’s annual inflation rate slowed further in August to 52 percent after reaching 61.8 percent in July, official data showed on Tuesday. The central bank began to raise interest rates last year in an effort to...

Asian markets were neutral on Monday, as concerns over the Chinese economy after the release of fresh depressing data countered euphoria over an anticipated interest rate cut by the US. Data released on Friday indicated that...