Economy

China logged its slowest economic growth since the initial Covid outbreak, official data showed on Friday, expanding just 0.4 percent in the second quarter with lockdowns and property market weakness nudging a government target further out...

According to a fund official, the IMF is hoping that the disturbance in Sri Lanka would end soon so that the aid negotiations that were put on hold can continue. Formal negotiations on a new loan...

The second quarter of this year saw a dramatic decline in China’s economy as a result of widespread coronavirus lockdowns that affected both consumers and enterprises. The GDP decreased by 2.6 percent from the previous quarter...

Prices in the US are rising at their fastest rate for more than 40 years due to petrol and food costs remaining high, latest figures show. Inflation, the rate at which prices rise, hit 9.1% in...

The euro has fallen below the dollar for the first time in nearly 20 years as the war in Ukraine pushes the single currency down. A single euro bought $0.998 on the foreign exchange market at...

Britain’s economy rebounded in May, official data showed on Wednesday, dampening fears of a slowdown despite surging inflation and rising interest rates. Gross domestic product expanded by 0.5 percent, the Office for National Statistics said in...

China’s export growth surged more than expected in June after its largest city eased lockdown rules, official data showed Wednesday, but imports fell while lingering Covid controls kept consumers jittery. Business hub Shanghai reopened in June...

US inflation surged to a fresh peak of 9.1 percent in June, further squeezing American families and heaping pressure on President Joe Biden, whose approval ratings have taken a battering from the relentless rise in prices....

Asian markets fluctuated on Thursday as another forecast-busting US inflation print ramped up bets on a quick series of sharp interest rate hikes that traders hope can be quickly walked back once prices are brought under...

Lithuania’s president has said his country is willing to stop importing Russian oil and gas in the latest sign of how some EU countries plan to tighten penalties on Moscow for its invasion of Ukraine. “It...