Economy

The price cap on energy bills for most UK households will rise this winter, regulator Ofgem said Thursday, further fuelling a cost-of-living crisis that is forecast to worsen. Bills will climb from January on rising wholesale...

Japanese consumer inflation was up 2.9 percent year-on-year in October as the government reduced subsidies for electricity and gas bills, government data showed Friday. The figure for the world’s third-largest economy, which excludes volatile fresh food...

The Central Bank of Sri Lanka has decided to reduce its Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points to 9.00 percent and 10.00 percent, respectively, it said...

According to official figures released on Friday, October consumer inflation in Japan increased by 2.9 percent year over year as a result of the government cutting back on subsidies for gas and power bills. Excluding volatile...

The buying and selling rates of the dollar were decreased by Tk0.50 after more than a year of hikes. The price for purchasing dollars for export proceeds and remittance fell to Tk110, down from Tk110.50. The...

Japan’s economy contracted by a worse-than-expected 0.5 percent in the third quarter, government data showed Wednesday, in a further blow to struggling Prime Minister Fumio Kishida. The shrinking of the world’s number three economy, following two...

The US debt outlook was downgraded by Moody’s on Friday, from stable to negative, just one week before the pivotal budget deliberations in Congress. The agency has kept its Aaa grade for US government debt in...

As Kyiv directs resources toward the war effort, lawmakers in Ukraine approved a government budget for 2024 on Thursday that calls for half of all state spending to go toward defense. Since the start of the...

The general point-to-point inflation rate saw a little uptick in October, rising from 9.63 percent in September 2023 to 9.93 percent. This increase was mostly caused by a slight upward trend in both food and non-food...

China’s exports fell at a faster pace than predicted in October, data showed Tuesday, as the world’s second-largest economy is buffeted by faltering global demand and a sluggish domestic recovery. Beijing has sought to boost business...