Economy

According to official data released on Monday, Japan’s GDP grew in the three months leading up to June after the government eliminated Covid-19 business restrictions. Due to increased capital investment and greater consumer spending, the third-largest...

Russia’s economy shrank 4.0% year-on-year in the second quarter of 2022, the first full quarter of what Russia calls a “special military operation” in Ukraine, preliminary data from the federal statistics service Rosstat showed on Friday....

According to official figures released on Friday, Britain’s GDP contracted in the second quarter as the nation headed towards recession under a new prime leader. The UK’s gross domestic product decreased by 0.1 percent from April...

Singapore on Thursday narrowed its economic growth forecast this year after the economy contracted in the second quarter compared to the previous three months due to rising inflation and tighter monetary policies, the government said. Moves...

Bangladesh has requested US$1.5 billion from the International Monetary Fund (IMF) as part of a US$4.5 billion loan assistance package in the first round of the country’s application to address the consequences of climate change and...

US inflation is expected to have eased slightly in July, taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections....

The Philippines’ economic growth slowed in the second quarter, officials said on Tuesday, as they warned that surging inflation and the coronavirus pandemic would weigh on the outlook for the rest of the year. Gross domestic...

An AFP reporter at the crossing claimed that fuel tankers entered Gaza on Monday as a cease-fire between Israel and Islamic Jihad militants in the Palestinian territory, negotiated by Egypt, held. The trucks arrived in southern...

As Bangladesh and the World Bank celebrate their 50-year cooperation, the World Bank has opened a competition for young people seeking ideas for climate-smart growth. All Bangladeshi undergraduate and graduate students are eligible to enter the...

China’s exports rose unexpectedly in July despite weakening global demand but imports remained low as lingering Covid controls kept consumers jittery, official data showed Sunday. In July, exports rose 18 percent on-year, up from 17.9 percent...