Economy

The US economy saw an increase in hiring in May as restrictions eased, although fewer jobs were added than expected. Employers created 559,000 jobs, driven by reopenings at restaurants, bars and hotels in particular. That failed...

The World Bank has suspended its financial operations in Mali following the second coup in under a year in the West African nation, a spokesman in Bamako said on Friday. The Washington-based bank has “temporarily paused...

Oil prices surged on demand optimism ahead of the latest OPEC meeting on Tuesday, while the pound hit a three-year high against the dollar over Britain’s economic rebound but equities struggled with focus on upcoming US...

Iraq’s president said Sunday $150 billion from oil had been smuggled out of the country since Saddam Hussein was ousted in 2003, as he introduced a law to fight endemic corruption, reports BSS. President Barham Saleh...

The British prime minister has announced new trade and investment deals with India worth £1bn. It includes more than £533m of new investment from India into the UK, which is expected to create about 6,000 jobs....

Colombian President Ivan Duque caved in Friday to widespread anger and said he would overhaul a proposed tax reform that many said would leave them poorer during the pandemic. Duque announced he was shelving clauses that...

Ignoring the economic impact of the pandemic coronavirus, global military spending rose to nearly USD 2 trillion in 2020. Researchers said on Monday. News from AFP. According to a report by the Stockholm International Peace Research...

Britain’s unemployment rate dipped to 4.9 percent in the three months to the end of February, remaining close to multi-year highs on fallout from the coronavirus pandemic, official data showed on Tuesday. The rate compared with...

The Bank of England and the Treasury have announced they are setting up a taskforce to explore the possibility of a central bank digital currency. The aim is to look at the risks and opportunities involved...

China’s economy grew a record 18.3% in the first quarter of 2021 compared to the same quarter last year. It’s the biggest jump in gross domestic product (GDP) since China started keeping quarterly records in 1992....