Economy

Italy’s gross domestic product (GDP) grew by 0.5 percent in the first quarter of 2023 compared to the previous three months, the national statistics agency said Friday in a preliminary estimate. The eurozone’s third-largest economy had...

Taiwan’s economy shrank for a secon straight quarter at the start of 2023, the government said Friday — its biggest quarterly contraction since the 2009 global financial crisis. Gross domestic product in the first quarter plummeted...

According to Standard Chartered, the top cryptocurrency bitcoin might hit $100,000 by the end of 2024, indicating that the so-called “crypto winter” is over. Bitcoin could benefit from recent financial sector instability, a stabilization of risk...

The dollar began the last trading week of the month on the back foot, with traders awaiting a slew of central bank meetings in May for clues on when the steepest global monetary policy tightening campaign...

The number of Afghans in poverty nearly doubled to 34 million as the nation was racked by the collapse of the US-backed government and the Taliban takeover, the United Nations said Tuesday. Vast foreign subsidies were...

Japan’s consumer prices rose 3.1 percent in March, matching last month’s figure and roughly in line with expectations, as inflation slows from four-decade highs, government data showed Friday. The figure, which excludes volatile fresh food prices,...

UK inflation slowed slightly last month but held stubbornly above 10 percent, official data showed Wednesday, fuelling a cost-of-living crisis despite an aggressive series of interest-rate hikes. The Consumer Prices Index (CPI) rose by a stronger-than-expected...

China’s economy grew a forecast-busting 4.5 percent in the first quarter as the country reopened after the end of zero-Covid measures late last year, official data showed Tuesday. The figures were the first snapshot since 2019...

The Asian Development Bank (ADB) and the Government of Bangladesh signed a $230 million loan deal today to aid with the rehabilitation and reconstruction efforts in north-eastern Bangladesh following devastating floods in May-June 2022. The agreements...

Countries must do more to avoid the costly effects of growing global trade fragmentation and help avoid a “second Cold War,” said the managing director of the International Monetary Fund on Thursday. “I am among those...