Economy

The UK inflation rate unexpectedly rose in August to 2.7%, the highest level in six months. Economists had expected a Consumer Prices Index rate of 2.4%. The pound rose after the data was released by the...

Millions of jobs are likely to be displaced by automation but we have less to fear from robots than some might think, a report from the World Economic Forum has suggested. The Swiss think tank predicts that...

Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane. U.S. light crude rose $1.60 a barrel from Friday’s close to a peak of $71.40,...

UK unemployment fell by 65,000 to 1.36 million in three months to June – the lowest for more than 40 years, official figures from the Office for National Statistics (ONS) show. They also show a rise...

The US economy added 157,000 jobs in July – 33,000 fewer than expected and well below the 248,000 created in June. Economists had forecast that the number of jobs created would be close to 190,000 for...

The Indian government on Saturday exempted sanitary pads used by women from the Goods and Services Tax (GST). GST was reduced on many other items, said an official statement issued by finance minister Piyush Goyal. It...

Japan logged a trade surplus in June, after booking a deficit the previous month, official data showed Thursday, with exports rising despite ongoing international trade tensions. Finance ministry data showed a surplus of 721.4 billion yen...

Venezuelan oil production crashed to a new 30-year low of 1.5 million barrels a day in June, the Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday. The South American nation earns 96 percent of...

Iran’s non-oil trade with the BRICS nations declined 8.68 percent in volume but increased 7.4 percent in value during the last Iranian fiscal year compared to the corresponding year before, local media Eghtesad Online reported on...

Inflation in Turkey surged to over 15 percent in June for the first time in almost one-and-a-half decades, official statistics showed on Tuesday, putting new pressure on the government of President Recep Tayyip Erdogan to quell...